-
Problem with self assessment submission
Hi Has anyone had this error message when trying to submit their self assessment as I've never had it in the past? Please ensure you disallow any element of expenditure which relates to personal use and was incurred wholly and exclusively for the business. Everything I've entered our business costs other than sales so I'm…
-
Self Assessment timing
I usually do my SA about August time. I have just had an email from HRMC about doing one now. Should I do one now with figures from August till April so I am then in line or just do it how I usually do in August?
-
2 Jobs & Confusing advice
Hi all I have had several chats with HMRC asking about tax code advice and how best to allocate my tax free allowance, with mixed advice every time, so I'm really confused. Just calculated I'm owed approx £1000 tax rebate. Whilst that's a nice bonus, I'm keen to sort this out so I am paying the right tax for this tax year.…
-
Need advice – missed CGT reporting in past tax return (proceeds over 4× exemption, but no tax due)
Hi all, Hoping someone here can help clarify something about CGT reporting — and whether I need to fix a past tax return. I’m already registered for Self Assessment because I have rental income and some dividend income. I've been buying and selling stocks for a few years through Trading212, and I’ve recently realised that…
-
Marriage allowance transfer
After watching Martin’s programme on claiming marriage allowance transfer I realised that I met the criteria to transfer to my husband. On 26th feb I sent in a form claiming for 4 tax years - 20/21 - 21/22 - 22/23 - 23/24. On 13th march my husband received a letter saying he was due a repayment of income tax for tax year…
-
Private medical insurance and tax
I have been told my company will pay for private medical insurance. They say annual premium is £1,200. They also said I can have private dental insurance with premium being £500. If my salary is 95k do I add on the extra £1700 in terms of tax? Guessing I pay 40% of £1700?
-
Curious question about CGT on land
When this becomes an issue I will be dead, so I'm just curious :) In my will I have left my grazing land to my cousin on the basis that she may want to sell immediately or keep it while it increases in value as land always does (There is zero chance of getting planning permission on it ATM, but who knows in 20 - 30 years…
-
Have HMRC made an error on my tax owed?
I'm just about to write to HMRC as they claim I owe them £91.35 (see below ) but I think they have failed to take into account my unused 'Basic Personal Tax Allowance'. Also unsure whether they have taken into account my £1000 Personal Savings Allowance. My online tax calculation for 2023/24 says the following: Income…
-
Business Rates have doubled
Can anyone advise on what, if any, action I can take on my business rates bill which has more than doubled? I was paying £161 per month until 3rd March then on April £383.70 was debited and I have a further 11 payments of £387. I am in Islington, my rateable value is £15,500, my small business rate is £7,734.50 and my…
-
New rules for claiming tax refunds via an agent
I thought this was interesting, HMRC have been taking some steps to try to protect taxpayers from unscrupulous agents. Though it’s only a matter of time before someone grumbles about it! https://www.litrg.org.uk/news/new-rules-claiming-tax-refunds-using-agent
-
Inheritance tax question re passing on property when parents are separated and not divorced
I know you can leave your property to your direct descendent which increases the threshold to £500,000 before inheritance tax is due or if it is left to your spouse and your spouse leaves it to a child, then potentially the threshold is £1,000,000. My parents have been separated for about 30 years (extremely amicably) and…
-
Mileage allowance relief
I recently started an employed job where I am being paid mileage at 26p a mile. I understand I can claim relief for the miles travelled as the allowed rate is 45p. With the end of the tax year just passed I am looking at filling in my self assessment (I am employed as well as self employed). I know the miles I have…
-
Tax return showing wrong tax code
Around June last year my tax code was changed from 1257L to 1649L. I think this was done as I always ended up with a rebate due to pension contributions / Higher rate tax. After filling in my return this year I notice it is still saying 1257L for the calculations and I am still getting a rebate. Is this normal, my slight…
-
Advice wanted on paying tax on tribunal payout
Hi I am looking for some tax advice particularly regarding paying tax on a payout from an employment tribunal settlement. I have been awarded a substantial amount in an out of court settlement with an old employer. This will now put me well over the 40% tax bracket so do I have to pay 40% tax on this or is there a way to…
-
Spanish Inheritance Tax on Death
Hello Not sure if this is the correct board or if anyone can help/advise? We are trying to find out how to calculate what Inheritance Tax (and any other associated fees/expenses) will be when someone dies in Spain and also when this becomes payable and logistics, as we think the system differs to that of the UK. Does…
-
SA100 High Income Child Benefit Charge section missing
Historically I have had to put in child Benefit charge details when filling out the SA100 however for some reason I cannot seem to find the section when doing my tax return for 24/25. which section do I enter this info please, I thought it was the Tailor your return section but just cannot see it. TIA
-
HMRC Return 2023
Evening All, Just thought ild open a new thread as I intend on doing my return once iv had my 40 winks. See you all in the morning.
-
Personal tax allowance allocation
I left my last employer at the end of March 2025 and have received my P45. I have a drawdown pension plan which I have previously accessed and will be accessing in the 2025-2026 tax year. My latest tax code notice from HMRC states that my personal tax free allowance is assigned to my old employer and that any drawdown from…
-
Can HMRC take money out of my wages?
Hi everyone. I just thought I'd ask if HMRC can take money from my wages? I'm currently on a payment plan because I underpaid tax one year. But just now about £500 got taken from my wages because I underpaid tax on another year. This feels a bit harsh, I can hold my hand up and understand I didn't pay enough tax but I do…
-
Updating Estimated Income on HMRC online
I've checked my personal tax account online, and my estimated income was showing way too low, so I updated that to better reflect my estimate. My first question is that (I think) I've read on here that, if you update your estimate and get it wrong, HMRC can apply interest to any tax due later - is that actually correct?…
