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Will HMRC Pay Me Interest?
Moving to Self Assessment for the first time in Apr this year, backdated to the FY 24/25, having submitted the 24/25 return I immediately paid the POA for FY 25/26. I then submitted my 25/26 return. HMRC are now showing that I owe them £1937.20 to be paid in July 26 and they owe me £2840.20 which is shown as pending in…
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Capital Gains Tax Reporting.
In June 2025 I completed the sale of a property in Spain & submitted the HMRC form for CGT reporting within a month as required. I'm now doing my 25/26 tax return......do I need to include the CGT reporting again ?
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Government Gateway check progress, what's after in progress?
I posted a letter to HMRC. The status online in the gateway account has gone from 'received' to 'in progress'. Does anyone know what the next stage of the progress is? Thanks
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Self-employed status with HMRC if off work for more than a year?
I am a self-employed sole trader and have been for many years. Last year in October, mostly for health reasons, I started a sabbatical. At the time of posting, May 2026, I am still off work and living on savings. If I remained off work and did not earn anything at all in the current 26-27 tax year, what would happen to my…
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Self assessment - charity donations
Hi all, hopefully a simple one. The HMRC say: https://www.gov.uk/donating-to-charity/gift-aid You can include: all donations made in the last 4 years I am trying to work out what is meant by the 4 years. 4 years up to the date you submit your self assessment? 4 previous tax years? Etc Another website says: You can claim…
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Is tax deducted via PAYE when put on self assessment?
If you are put on self assessment how does that work with P.A.Y.E.? Will you continue to have tax taken from your salary as calculated by HMRC using your full personal allowance and then this figure is deducted from whatever your final tax bill is after you finish your self assessment? E.G. At the end of a financial year…
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HMRC tax bill for previous year or tax code change
Hello, My retired dad has had a letter from HMRC saying he owes tax for the 24/25 year for updated bank interested as they estimated too low. It seems he has been charged for all joint interest not just 50% and I'm looking into the details of that. This letter says the tax owed needs to be paid as a lump sum. Since then…
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Self assessment first time
When providing details of savings and investments. Is it just tax year totals that are required or more details. For examples savings interest, a total for year or list amount by each individual savings account with details of the acount numbers and bank details. Will they ask for this detail later or not bother. Is it the…
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HMRC over estimate of untaxed interest
I’ve just received notification of a change in tax code for the current year, due to their estimate of untaxed interest. There is also a small amount of tax to pay from the previous tax year. My issue is that their estimate is way over the interest earned this year (mainly due to me using my ISA allowance and a reduction…
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Reducind tax liabilities on contract work after retirement
I am possibly going back to my old job after nearly ten years of retirement to do contract work for a couple of years. As I already receive over £30k from my pensions and obviously pay tax, how do I reduce my tax liability as I would be receiving well over the next tax threshold of £50k with this new income? Any help would…
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Tax relief for laundering & professional registration fees
Hi all, Just filled out the tax relief form on my gov gateway account for tax years 2024-25 and 2025-26, for tax relief on laundering uniform and for professional registration fees. I started completing it for the current tax year, but it would only allow me to add one employment for this year (I was able to add my 2nd…
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Tax adjustment on first drawing a pension.
I've been told by a pension company that upon retirement, and starting to draw a monthly pension income, the initial payments might be net of the emergency tax rate. They said this depends on how quickly HMRC respond to their enquiry with the correct tax code. If drawing the same amount each month, does anyone have a…
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Savings interest - self assessment
I know that if you have more than £10K interest on savings, you should be completing a self-assessment tax return. Is this just taxable savings interest? I have less than £10K taxable interest, but when you add the ISA interest it goes above that figure.
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Gifts from Surplus Income
I’m currently assessing my father’s surplus income in order to establish how much he can give away as gifts made from surplus income which will be exempt from inheritance tax. I’m unsure whether the small gifts of up to £250 per individual and £3000 to a different individual should be treated as coming from his income or…
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Capital Gains Tax advice
Afternoon all, I'm hoping someone with Tax knowledge can help me understand the following situation. My father died sadly a year ago and in order to protect the property value for my Mum who lived there with him, we changed the title deed so it was 50% Mums and 50% was put into a trust in Dads name. It was previously…
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Gifting property to my partner
I 'think' i have a straightforward gifting question - i would like to gift my partner my mortgage free property where we both live. I would eventually like to buy another property and avoid owning 2. I understand the information here: Registering land or property with HM Land Registry: Change the registered owner name -…
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Chargeable Event Gain submission on 24-25 Self Assessment Tax form
Both my wife and I are retired. We have been asked to complete a SA Tax form for 24-25. We are basic rate taxpayers. We had a chargeable event after the surrender of a joint Personal Investment Plan in that tax year, dated 11/04/24. The amount of gain is £9519 with the amount of tax treated as paid being £1904. How and in…
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Self assessment completed - where can I see any refunds due?
As above, thanks. Last week Thursday I completed our self-assessment tax returns online. Somewhere on the website I noted that HMRC owned me money from last year but also wants money for 2025/6 and 2026 - ie so-called "balancing payments." My question is as per thread title. I saw the amount and completed my bank details…
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Care home fees/ inheritance of parents house
My parents are in their late 80’s and in good health. On the advice of their solicitor they have signed their house over to me. They both still live in the house (owned outright with no mortgage). They don’t pay me rent. The lawyer told them that this was to protect against care home fees and deliberate deprivation of…
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Take Home Pay
Hi all, over the last couple of years I have been fortunate enough to be earning enough to get in to the 40% tax band, but this year I decided to up my pension contributions to pull myself back out of the bracket. My first paycheck does not match what I though the tax should be and after asking payroll they have given me…
