HMRC Admin 13 Response
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RE: Overpayment for 16/17 and 17/18 tax year
Hi MBanjo
Yes, if HMRC currently hold incorrectly liability totals for the 16/17 and 17/18 tax years, you can write to HMRC confirming the correct breakdown of Year To Date (YTD) totals:
• tax,
• employers NIC,
• employees NIC,
• student loan etc.
Please note that there are time restrictions on claiming overpayments –
PAYE47001 - Employer returns: employer return - overpayments: introduction - HMRC internal manual
Thank you
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RE: Loss of Income Insurance
Hi Cam,
When a chargeable event occurs, the calculation result may not always be positive. In such cases, no gain is realised, and you need not include any entries on your tax return.
If the result of a full surrender, death, or maturity calculation is negative, and no gains were made from the policy in prior years, you have incurred a loss on the policy. There is no relief available for this loss, and it should not be reported on your tax return.
Additionally, a loss from one policy cannot offset a gain from another.
However, if you previously realised gains on the policy and the latest calculation results in a loss, you may be eligible to claim Deficiency Relief.
Thank you. -
RE: Can foreign interest from long term fixed time deposit be apportioned?
Hi May 2024
You need to declare it all as it was paid once you arrived here.
Thank you -
RE: Tax Statements
Hi C M
You can view the details on your personal tax account Personal tax account: sign in or set up.
On the home page
• select the PAYE tile and
• then View and Print Income Tax and Employment History
Thank you -
RE: Are BNO visa fees tax deductible?
Hi May 2024 No as they don't meet the conditions that they are wholly necessarily and exclusively for your employment Thank you -
RE: Tax on savings interest but can access records to calculate totals
Hi David Mackenzie,
If you file a Self-Assessment return, contact the providers for untaxed interest details to declare. Check if you need to send a Self Assessment tax return.
You can do this via your Personal Tax Account (PTA) via HMRC. Please see guidance at: Personal tax account: sign in or set up.
If you don't file a Self-Assessment return then wait for HMRC to review your record. If there is underpaid tax, you'll receive a calculation by post.
Guidance is available at Tax on savings interest: How much tax you pay.
Thank you.
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RE: Billing agency
Hi
Yes you can claim these as expenses - accountancy, legal and other professional fees
Thank you -
RE: backdating employment allowance
Hi Rebecca Webster,
If both a director and a new employee earn above the secondary threshold, the business can reclaim Employers NIC up to £5000 for the financial year.
This applies to the entire year's salary of the director, not just the second employee who met the eligibility later.
For more details, see Employment Allowance: What you'll get.
Thank you. -
RE: Child Benefit Higher Income Charge
Hi worked to the bone,
We cannot view your personal records on the forum.
Please see the guidance available at: High Income Child Benefit Charge: Overview
If, after consulting the guidance, you have any further questions please contact our team for advice on your query at: Child Benefit: general enquiries
Thank you.
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RE: Employment Allowance for domiciliary care
Hello CWPHC,
You mentioned that part of your work involves the NHS and local councils.
According to the guidance, you cannot claim if more than half of your work is in the public sector (like local councils and NHS services) unless you are a charity.
You have not specified the amount of your work that belongs to the public sector, so I am unable to advise on your eligibility.
Please refer to the guidance at: Employment Allowance: Check if you're eligible for more information on eligibility and criteria.
Thank you.