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HMRC over allocated marriage allowance resulting in underpaid tac
I have been receiving the transfer of my wife's personal allowance under the marriage allowance scheme for several years now with no issue. However I retired in August 2024 and received a P800 for tax year 2023-2024 stating I owed £518 in under paid tax, explanation -Marriage Allowance You were given more Marriage…
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Filling in HMRC R40 form
Hi - can someone help me fill in this form please? My sons have Trust income that I have to claim the tax back on and I find the form confusing - anyone able to help, please? Thanks
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Personal allowance and shares
Hi I know selling shares are liable for CGT. But what I don't know but have spent ages trying to find an unequivocal answer online, is does the amount you receive count against your personal allowance too? I don't imagine it does but I don't want to assume anything. To complete the picture, I'm not working or receiving a…
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HMRC have told me I owe tax for 2024/2025 but they've based their calculation on the wrong allowance
Good morning all, I'm looking for some advice on a message I've received from HMRC this morning claiming I owe £121.80 for tax year 2024/25. Their calculation shows that I had a personal tax allowance of £12,570, but in fact my tax code for last tax year (and the tax year before) was 1317L so I argued to the lady I spoke…
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Marriage Allowance Repayment
Good morning, I've just received notification from HMRC that I owe them £508.20 because "you were given more Marriage Allowance than you should have been." Does this mean that this allowance should be transferred back to my husband for last year? If so, how do we claim it back for him? Any help and advice would be greatly…
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Tax Code Query
This is in relation to my wife.... Her state pension is £8210 p.a. Her personal tax allowance is equivalent to £11,313 because a few years ago she allocated 10% of £12,570 to me. Each year she pays £2,880 into a SIPP, receives the £720 from HMRC and then withdraws £900 tax free. She then withdraws the balance of £2,700,…
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tax letter
15/7/2025 Yesterday I received a letter from HMRC saying I was due tax from the year 2018/2019 as they could not claim it that year as I was not contactable nor PAYE. I worked in 2 places that year, separately, left one job one week and started another the week after and was on minimum wage in both jobs ? Is this for real…
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HMRC 'prioritises' personal allowance tax code against state pension and wont change to army pension
I went through the delightful experience of waiting 45 minutes on the HRMC phone last month to get the correct tax code and apply it to my army pension - reason, to have all the allowance be used against one pension and better understand the numbers. This month is the first month of state pension and I got a tax code…
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Reducing Adjusted Net Income via EV Salary Sacrafice
I've scoured this forum looking at other ANI queries, but my query doesn't seem to have come up, so here goes.. I want to keep my Adjusted Net Income below £100k to ensure ongoing eligibility for tax free childcare and 30 hours free childcare. My new employer, as well as offering a pension via salary sacrifice also offers…
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Council Tax Query
Hi I have a general query (or gripe) with Council Tax and its banding. We live on a new build estate in the countryside where everything is adopted - in that the roads, foul and waste water services etc are not owned or managed by the council and we pay a management company a fee to look after and repair any issues on the…
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Self Assessment
Having a nightmare with my tax return on Self Employment pages. Last year 23/24 involved Transition arrangements as my year end was not aligned to the tax year so they prorata ed my accounts ending 30/06/24 using the part to 05/04/24. I then altered my year end accounts to 31/03 to make life easier going forward. So now I…
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Removing professional fees when PAYE
I can see how I update professional fees but cant work out how to remove them. When I click on the link it takes me to a form where I can update or claim fees, not remove them. Can someone help, please?
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Tax Code 21T M1
Hi all. HMRC have put me on a 21T M1 tax code and I'm not entirely sure why. For context, I have a basic salary of £43,750 but in March 22 the company I worked for and had a 5% stake in was bought out and I was TUPEd across. As part of the deal, there is an earn-out whereby I receive 1.5% of the business unit's revenue,…
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Effect of Gift Aid?
I have just completed my Tax return. It seems that savings interest has pushed me into the 40% tax bracket, but my pensions and interest have only been taxed at 20%. Would this be because of Gift Aid on charitable donations? It seems that I have been given a higher threshold at 20%. Is that likely to be correct?
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Child Benefit Higher Rate Tax Payer
HI All I was wondering am I better off opting out of child benefit as a higher rate tax payer on £65k ? I have 3 kids, I get child benefit but have to pay it all back and sometimes I get the feeling they take more back than they give me, call me paranoid. Just wanted to hear the view of those in the know. Saw a chart which…
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House sale proceeds in savings 1-2yrs - tax and best options to avoid it
Advice please. Going through a divorce and just sold my house. Don't know where I want to live so going to move into rented for 1-2 years before I buy a house. On £130k sale proceeds, what level of tax can I expect to pay on it per year and what the are the options to minimise tax. Note, I am a higher tax bracket earner…
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A Weird Tax Problem
Hi! I am just trying to help my daughter as she has a really weird situation going on with her tax. So it all started in 2022. My daughter noticed a random company appear on her online HMRC account that she was supposedly working for and because her actual employer for the job she did work was also there - she was suddenly…
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Investor Relief GCT EMI 2024 Tax Year
Hi there, hoping someone can help. I was awarded some EMI shares in November 2021. The company went through a transaction in February 2024. I rolled my EMI shares into the new structure and they became ordinary shares. I was advised to claim the 10% on the disposal of shares as when the company sells again this will be…
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Voluntary NI payments applied
Hi, I had a shortfall for 2008-09 and 2009-10 that I was eligible to make voluntary contributions for. I did so in December 2024 and today received a letter from HMRC with the below, dated 7 July. As I understand it, it shows that I now have 52 weeks for both years (36+16 and 52). I logged in to my HMRC account and looked…
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Which scenario would be the most tax efficient
Starting in August, I will be self employed for the first time (driving instructor). I have a car which I bought in February using a personal loan and after having dual controls fitted this will be the vehicle I’ll be using to teach learners. I am now in the position where I have enough money to pay the loan off in full…
