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Child Benefit Threshold (Scotland)
Hi, Sorry if this is a common question but I just can’t seem to make sense of the gov pages on it. I earned 59k last financial year, and I think that was the first year I went above 50k. Should I be cancelling our child benefit claim as I know I will earn the same again this year? It seems I should complete a tax form to…
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Confused by tax code
Hi Please be nice, numbers are not my forte! I earn £28,399 per annum from my employment. I also have an income of £10,970 from an NHS survivors pension per annum (since 2011). I live in Scotland. I pay basic rate tax on the pension and use my full allowance against my salary ( I used to split the allowance across the two…
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Making Tax Digital (MTD) for Landlords
If you receive qualifying income from self-employment and/or property, you’ll be legally required to use Making Tax Digital (MTD) for Income Tax – based on the level of qualifying income – from the following dates: • April 2026, if your qualifying income is over £50,000 in the 2024 to 2025 tax year • April 2027, if your…
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60% Tax Trap
Hi guys, I've been s bit naive with my finances and realised that I'm likely to fall perfectly into the 60% tax trap this year. My base salary plus a cash bonus and the sale of deferred bonus shares from three years previously (which are treated as income for tax purposes) has meant my total annual taxable income is…
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Confused About HMRC Underpayment After Multiple Self Assessments — Advice Needed
I need some advice regarding Self Assessment. I had never previously needed to complete a Self Assessment return. However, in 2021 I began receiving private medical insurance as a benefit from my employer. HMRC subsequently changed my tax code in 2022 and also collected additional tax for a previous year through my code.…
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Recording gift aid on donations to a charity shop
I'm new to SA so engaged an accountant to do the one which was due by 31 January. Now I am looking ahead to the next one. I know how much and to whom I send gift aid monies each month. However, how do I record the donation of unwanted household goods to charity shops, all of which I am registered with for gift aid? I…
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Marriage Allowance Cancellation
I am aware that when it is cancelled the change does not start until 5 April. Is anyone aware how late you can do the cancellation? I want my wife to keep it until the end of this tax year and then transfer it back to myself.
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SIPP contribution and gift aid
To keep out of the higher rate tax band (and hence keep PSA at £1,000) I need to inform HMRC of SIPP contribution (£2,880/£3,600) and gift aid donations. Will they just accept my word for these, or do I need to provide evidence? SIPP contribution would be easy as I can get a statement from the SIPP provider, but what would…
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How do changes to personal allowance affect my higher rate threshold?
I just read (on a reddit thread) that changes to an individual's personal allowance will change their higher rate threshold by the same amount. I can't see this on gov.uk or money helper - they only say that the personal allowance is "up to £12570" and the higher rate threshold is £50270 (rather than saying personal…
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Pension and self-assessment
Hello, I wonder if anyone here can help me with my situation. At the end of March 2025 I ceased working for my own limited company, and received a P45 (which I still have) In the meantime, I have semi-retired; my income is made up of private pension income (tax-free portion) and doing a few odd jobs for people (I've…
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IHT - parent paying University Fees directly - still a gift to child?
Hello, We have been saving in childrens JiSAs £9k/year with a view that they can use the money for University costs (if they decide to go). It is clear that £3k is exempt and £6k is subject to 7 year rule. However, as an alternative, if a parent pays university fees directly - is this still considered a gift to child…
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Over-charged French withholding tax on dividends?
TL;DR: My dividend paid in UKP has had 25% deducted by Computershare before payment. Shouldn't it be lower than this due to the tax treaty with France? The longer version, with background. I have shares in a French company traded in Euros. The shares were obtained while working for a UK subsidiary of the French company, as…
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Tax code 26/27, unpaid tax from previous year
I have just been notified of my tax code for 26/27 and there are 2 curious items. First, it includes unpaid tax from previous year of £342. As I received a tax rebate of £227 for 24/25, this underpayment must relate to 25/26. Is there anywhere online where I can see where this has come from? Second, my untaxed interest has…
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Gift aid claim: what does "paying over higher rate tax" mean?
I am a higher-rate tax payer. For the last several years HMRC have applied tax relief to regular gift-aid donations that I have been making for years. I understand that from next tax year they are not simply carrying over such relief so I need to tell them again. Fair enough. On the government gateway online form for this,…
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Salary/tax reduction advice
Good afternoon all, I was wondering if someone could please help me with some accounting advice to help me lower my annual income to prevent me losing my free childcare allowance. I started a new job towards the end of last year and believe my combined earnings between new and old employers will take me over the £100k mark…
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HMRC Late Payment Self Assessment Penalty Notice
I was late in making payment to HMRC for what I owed through my self assessment. It was due on 31st January 2026 and I paid on 2nd February. I called HMRC and asked them if I would be charged a penalty for this and they said yes £100. I asked how will I know when I have a penalty, do I need to keep checking my online tax…
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HMRC - Lack of communication and income tax due.
I have tried to register with HMRC but all efforts have so far failed. I've tried writing to them but no response. I've tried ringing, but they simply keep me hanging on the line after numerous automated questions to put me through to the correct department, then the endless wait to speak to a human being, and the wracking…
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CGT - Private Residence Relief when moving into care home
Hi, Mum and Dad own their property outright as tenants in common (equal share). Dad has moved into permanent/long-term residential care, mum continues to reside at the property. I am interested to understand dad's capital gains position as the property is no longer his primary residence. I understand from the tax manuals…
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IHT - Normal Expenditure all or nothing?
How would HMRC treat the Normal Expenditure out of Income exemption (IHTM14231) in the following example: Regular payments of £10k/pa are set up, however it turns out that when claiming the exemption (when the time comes), there was only £8k of excess income and so £2k had to come out of capital (i.e. 8k being the…
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IHT - How to make the 25% tax-free part of an AVC be classed as income?
From my reading it's not too clear what exactly HMRC classes as 'income' when dealing with IHT, however I understand that it's not the same as how HMRC classifies income for income tax purposes. Taking the 25% as one large lump sum I would imagine would not be seen as income from HMRC when assessing the against IHTM14250.…
