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No Refund Tax Code C1131N
Have started taking income from pension (no other income) the initial tax code on first payment was 1257L which has now changed to C1131N due to previously transferring some of personal tax allowance to my wife some time ago. My wife retired 3 years ago & is a non tax payer so would not benefit from this. HMRC have advised…
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Car Tax
I have been paying my Car Tax via DD for years as it automatically renews, I dont believe I even get a renew letter it just carries over.. Its just come to my attention you pay more for car tax if you pay by DD. Shouldnt the DVLA or Tax office make you aware that you could save money paying in full each year than just…
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New to 40%-help!
Hi I work for the NHS, and 40% tax hasn't been on my radar, until suddenly it is. I'm on a few quid over 50 grand, so hovering just under the threshold. Our pay award this year, and an incremental increase will unexpectedly bring me up to just over 56k, so way over. I don't know what happens? Have seen reference to self…
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First self assessment
Not so much about cutting tax, but seemed the right place to post it. I'm going to stop work at the end of this calendar year, aged 65. Once state pension starts, I believe I'll have to do self assessment, as there'll also be pension from abroad, paid untaxed. I've never done SA before. Trying to figure out how it works.…
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Private Education, Wrap Around and Tax Free Childcare
Hi All, We are in the fortunate position that my wife is employed at the school our children go to. For this we are given a single bill that is calculated by 50% discount on fees no payment for breakfast or after school club plus any lunches/suppers. Now that we are entering Primary One according to HMRC rules we cannot…
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Tax Free Dividend Allowance
Hi, is the tax free dividend allowance of £1000 on top of the personal allowance? I have net taxable income of £56k and receive £1k dividend on top. I have to partially repay the child benefit. This year is the first time I've been over the lower limit. Done my tax return online and it is calculating that I owe 70% of the…
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Re. simple tax return for 2023-2024
I have rarely ever had to do a tax return. I am a standard rate tax payer with no other external income so the only issue is interest on savings. I have exceeded the £1000 allowed in 2023-2024 for the first time so will have to do one. Is there a simpler version of the form which just covers savings interest? If I declare…
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Second Job Taxed at Basic Rate - When can this tax be claimed back?
My Daughter is a lifeguard and has casual work at 2 local swimming pools. She recently received her first payslip for the second job and was taxed at 20% on her earnings. Her payslip had tax code BR / 0 which would appear to mean that her second job is automatically taxed at 20%. As a student working part time her earnings…
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Untaxed interest on savings affecting my tax code
I submitted a tax self assessment last year and included a tiny amount of interest from uk banks ( less that £100) I had a tax code of 1131 ( personal allowance plus transferred marriage allowance) I have just started to receive a small pension and got a message from HMRC to say my tax code has changed to 1129. This is now…
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Non coded income
Slightly sensitive one, this. I manage all my and my wife's investment and tax affairs (self-assessment etc.). She has build up some private savings over the years but does not like to talk about them, so I cannot ask the interest she is earning to enter it on her tax return. She recently retired from work so I was tonight…
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HMRC error leading to tax bill - pay or wait?
I've had a tax bill due to HMRC making an error and am not sure whether to pay it now and wait for them to admit their mistake or wait it out and hope it's not too long before they admit this. I did my usual online return (in Jan) and the tax calculation was 0.00 owed. I've recently had a letter saying I owe them 120ish.…
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Gifting money tax issue
Hi all, My mother has kindly offered to gift me 10k… all was going well until her friend said that there is a limit of 3k per year and the 7 year inheritance tax issue. Can anyone explain how the 3k rule works? Am I taxed on the amount over 3k or is my mum? And how do parents manage to gift their kids house deposits if…
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Council tax and electoral role dilmena
Hi there, I've been in essence living under the radar since my marriage broke down about 3 years ago. I currently live in a shared house which is in one person's name and I've lived here since early 2023. Before that I subletted a flat from someone for a year but kept all my details registered to my old marital address.…
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HMRC Let Property Disclosure - need help!
Hi, I have been letting a property for the last few years. The rental income is around 6k to 7k per year, and I have no other income. My understanding was that, as I was under the (10k) personal tax allowance threshold for paying tax, I did not have to file a tax return, as I did not need to pay any tax. I have now been…
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2023/04 Tax Return deadline
Earlier this year, I got a message from HMRC saying that the deadline for returning my tax return is 31st January 2025. However, I've read some people mention they have a tax return deadline of 31st July. I heard that tax returns are changing to quarterly instead of yearly. What is the criteria for this? Do only some…
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Good News - FINALLY
We sold in 2022 . £18k CGT to pay so beginning of Oct 22 paid it . To cut a story short , the transaction looked like it had failed. Rang bank immediately ,explained and they said , it would not be going through , so to repeat. Repeated . Both transactions were executed . Rang bank and they said nothing they could do ,…
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HICBC through tax code - timing
Possibly a slight misunderstanding on my part here so just checking :D I did my self assessment for 23-24 a few weeks ago, this was the first time I went over the HICBC threshold after deductions. I expected to have to repay that years CB through my 25-26 tax code as we are alreadying in a new tax year, but I've now had a…
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Redundancy payment
My Wife has been "lucky enough" in her words to have been made redundant, the final payment has arrived today. We know the first £30k is tax free, we have also opened her a new ISA and invested into that. She is aiming to bank the rest and pay herself a monthly salary until she gets a new job. So, I know her savings…
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Are hotel bills tax deductable for a employee at his regular place of work?
Friends, I am an IT contractor with my own little limited company. I am speaking to a client that is proposing making me an employee of theirs which, in principle, is fine. However, my normal place of work would no-where near I live so would require 2-3 nights in a hotel per week there - paid by me directly and not…
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Self-Employed Delivery Driver: Vehicle Expense Claim Help
Hi everyone, I'm a self-employed delivery driver in the UK, and I'm currently sorting out my taxes for the financial year that just ended (April 2023 - April 2024). I have a question about claiming expenses for a vehicle I purchased. Here are the details: * I bought a van two years ago when I first became self-employed for…
