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PAYE Tax Calculation 2024-2025 Very Late This Year
I'm owed a rebate of tax paid for the year 2024-2025 I work short term contracts for the same company and are paid via their payroll provider. My PAYE deductions are based on a full 12 months salary, but I only usually work 8/9 months a year, so by the end of the tax year I have usually overpaid by a few hundred pounds.…
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How to check if one is registered for Class 2 NICs?
I was about to send my Self Assesment for 24-25, but I was assaulted by a doubt at the last screen. It tells me my Class 2 NICs are treated as having paid (I've earned around 8000 profit), but it tells me; "If you've registered for Class 2 NICs, your contributions have been treated as paid" That makes me think I can't…
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Tax implications for dual citizenship
Hi There are several posts around tax implications for people with dual citizenship but each query seems to be unique to each person and so it's difficult to get a clear answer based on other peoples circumstances. For me, I'm a UK citizen and have only ever lived and worked in the UK (for over 60 years) - but I have…
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‘in consideration of marriage’ and IHT
I understand there is an additional £5000 IHT exemption for a parent to gift up to 3 months before a wedding. How is this evidenced to Inland Revenue? Is it enough for the funds to just be referenced as 'wedding gift' and given within the time period, or are their additional requirements?
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Self assessment and a lease car?
I am a sole trader with a small ebay business turning over maybe £750 - £1000 a month. I need a new car which would be for personal and business use and am looking at leasing a car for the first time. I only do around 1100 miles a year for business and have claimed the simple mileage allowance on my latest self assessment…
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Tax Code changed - expected to owe tax
As the title says my tax code has been changed part way through the tax year (25/6) and it says I am expected to owe a certain amount of tax as a result which will be collected after 6 April 2026 by adjusting the tax code for 26/7 (adjusting my tax free allowance for that year). I suspect they won't be able to do that as…
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Baffled when doing my Self-Assessment
This is my second time doing my Self Assessment online. Last year, I was just starting and I made 2706 GBP of profit after deducting expenses. Hence no tax was due to be paid. I am Self Employed. This year, it came out as 8429 GBP. After continuing, the system tells me that 179 GBP is due to be paid as tax for Class 2…
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Capital Gains Tax
Hi I originally bought a property at a 50% shared Ownership. Then a few years later I staircased and bought the other 50% . Therefore owning 100% When working out Capital Gains Tax, if I sell , do I look at the difference of the original 50% share value i originally bought at and today's Value or Do I look at the…
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CGT on UK Property & SA return
In May 2025 I sold my interest in a residential property (somewhere I never lived). I made a capital gain which I reported within 60 days of completion by filing a 'Capital Gains Tax on UK Property' return online and paying the CGT by debit card. I am aware that additionally I have to include the property disposal on the…
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tax codes
I had new tax codes in september for three small pensions, these are my only income @£10500 Next week I get my first state pension but i have paid £200 tax on one of my work pensions which now have the codes K ends X and the other two ends T I can see that they have calculated the I will have an additional £6000 in state…
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Strayed into higher rate band for income tax - inventive ways to get back to basic rate?
After a heck of a challenging year with my current employer, a conversation has occurred that has resulted in a welcome pay rise B) I'm happy with the outcome, they're happy I'm sticking around, everyone is winning. The snag for me is I've been deliberately running my income to stay in the basic rate band for income tax.…
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Self Assessment and CGT
I’m completing my 2024-25 tax return. I sold a buy to let property in November and made a CGT payment. Where do I record the payment on my tax return?
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just registered for self-assessment tax and logged in to find late return showing for 2023-24?
I've just registered for self-assessment tax for the first time as I made more than £1000 completing surveys on Prolific in the 2024-25 tax year. I've logged on to the HMRC website to complete my 24-25 tax return and in addition to the 24-25 year it is showing a return to be filled in for 2023-2024 which is marked as…
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Round up or down
Hopefully an easy one to answer - I recently submitted an estate return from which I calculated tax due at £13,266.60. I paid £13,266 thinking that I should round down. Looking at the account statement online, HMRC are saying tax due is £13,266.60. The tax is not actually due until the end of January next year. Question-…
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Tax Return SA100 - Commercial software?
I am registered for self assessment as I'm lucky enough to have interest/dividend income of £11000 . Filling in the SA100 in the past seemed easy enough but now it's getting complicated....for example I have some Banco Santander shares and divis were over £500 and a spanish tax was deducted. Also another share holding had…
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Paying tax on pension fund legacies
Hi there Some of family recently received legacies from my late brother’s private pension fund. Can anyone explain or give me the rationale why the government taxes legacies from pension funds when the person is over 75 and not when the person dies under 75? This seems random and unfair. I’m not wanting to get into a…
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HMRC not transferring spousal 1000 allowance
We've been submitting our returns online for several years now, using a third-party software, with no issues until recently. Last year I transferred the allowed 1000 pounds to my spouse to reduce/eliminate his tax bill. This was calculated and shown as accepted by HMRC with the online submission, nothing owing. He later…
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Is it possible NS&I have sent HMRC the wrong account number?
I telephoned HMRC to check the tax that my parents will be
paying on savings interest for 24/25 tax year. They have two savings accounts. The
first account checked out ok, we had the same figures (HMRC advisor quoted the
bank name and then gave me the last four digits. It turned out the number she
quoted me wasn’t the…
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Rising energy costs and the need to INCREASE TAX RELIEF FOR WORKING FROM HOME
The standard tax relief is £6/week for WFH. I am permanently based at home and my energy bills (alone) have definitely increased by more than £6/week following the price hikes. It's probably costing me more like £2/day now, and that's despite being very conservative with heating (I use a low watt electric rad in the the…
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Employed Full Time and Self Employed
Hello I don't seem to be able to get a clear answer on this anywhere, and a certain online tax calculator tells me I do have to pay national insurance when I'm employed on self employed earnings of £4700, but.... If I earn a full time, employed salary of £30,000 per year, and national insurance is collected via PAYE, am I…
