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  • Correcting a final years submission

    I need to amend a final year submission as there is a minor pension payment error. I read the instructions on .gov and it says resubmit the final year summary again with the corrected figures. But when I go to BASIC PAYE and try to do that, there is no option. It just says 'submission success'. I then spent an hour on the phone trying to sort this out, but when I got through, the assistant said she couldn't hear me and hung up. I tested the phone afterwards and it was fine. So there is a problem getting support at the moment, as I am sure you are aware. I've spent about three hours on this so far so if you could help that would be much appreciated.
  • RE: Taxation on tools

    Thank you for the response but, my apologies, I am still slightly confused. You say that capital allowancescan be claimed but then say it can be claimed as revenue expenditure within box 29. Am I therefore correct in thinking that tools used in a rental business who meet the 'wholly and exclusively' rule are revenue? Thank you,
  • Taxation on tools

    For landlords who are self repairers, what is the tax position on small tools? Are they capital or revenue? Given that some small cheapish tools (eg paint brushes, budget saws) would be used up on a single job, I would imagine these could be claimed as part of the repair. What about bigger items (costing in the £10.00 -£50) They should be tax deductable somewhere in that they are used 'wholly and exclusively' but not clear where? Please could you advise?
  • Trading allowance and let property income

    Can you advise whether a person who owns let properties can also claim a trading allowance for an entirely unconnected hobby business? I thought not, but it seems that HMRC treats rental businesses as slightly different from both investment income and trading income so I am not 100% certain. Many thanks
  • Lodgers private residence relief -lodgers

    My son is considering taking a second lodger in his house. However, we are not clear on the capital gains tax situation. I understand that if the lodgers live together communally and no-one has 'exclusive use' of any of the property, (i.e. a let under licence) then capital gains tax unlikely to be due. However, if the two lodgers each have exclusive use of a room but share the kitchen and lounge/diner with the owner, then capital gains for a six room house would be 2/6=1/3 of the total capital gains due. What happens to private residence relief? Is that also reduced by 1/3rd? Is this correct? if not, please could you clarify?
  • RE: Taxation of fire doors and alarms

    Thanks so much.
  • Taxation of fire doors and alarms

    Can you clarify the position with regard to the treatment of fire doors and alarms as required by the local authority/Fire door regs in HMO properties? It had always been my understanding that these could not be claimed as expenditure in rooms but could be claimed in the common areas of HMOs as capital. However, I heard there was a new decision that since these are deductable when subject to enforcement under Fire Precautions Act 1971, it was inequitous not to allow the same deduction for those who seek to legally comply without enforcement and so there was a new 'note' to that effect. They would seem to fit as 'wholly and exclusively' for the use of the business and add no value so please could you clarify exactly what heading this expenditure should be recorded as? Thank you.
  • RE: Using basic PAYE tools, what figure goes in employer pension contribution when pension is RAS

    Many thanks, that's really useful
  • Using basic PAYE tools, what figure goes in employer pension contribution when pension is RAS

    (RAS means relief at source - not net pay pension provider such as NEST) I am a new employer so this may be a basic question. To deduct pension contributions for the employee, the pension provider says to subtract £520 (for 22/23) from total monthly pay and multiply this by 5% representing the employee monthly contribution. For simplicity, let's say the pensionable amount is £500 so £5% would be £25 However, when I make the payment, the pension provider autocalculates and does not charge me £25.00, but only about £20 for the pension contribution from the employee (I assume the remainder is the tax that it claws back). So when I fill in the PAYE tools form each time a payment is made, do I put the gross amount (£25) or the amount that I actually pay to the pension provider i.e £20? I assume it is the gross amount but would like to check. I have actually submitted the last FPS unfortunately so how do I correct if I am wrong (the tax will be correct - it is only the pension contributions that will be inaccurate). Many thanks