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Cutting Tax: Discussions that will help you
To help you find the Cutting Tax threads quicker and easier we're collating our previous sticky/pinned threads into one single post. Cutting Tax board: Tax instructions - please read Useful Websites TaxCalc alternative? How does the Taxman Know? Inheritance Tax Planning Useful Tools to Help With Taxes Washing Uniform at…
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How long do tax code changes take?
About 2 weeks ago I updated my 2025/26 interest in my HMRC account as it was £700 more than the previous year and I would prefer to spread the tax over more of the year instead of the last few months as normally happens. I'm just curious as to how long it takes them to update your tax code? You would have thought, in this…
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Bank account details request from HMRC
Folks I have received a letter from HMRC requesting interest details for 25/26 - amount, bank, sort code and account no - from my bank accounts following previous correspondence with them for the higher rate pension rebate. I have no issue providing them with the amounts, but am I obliged to give them bank details? It…
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Is this benefit in kind worth it?
Firstly, I must apologise for being a complete idiot with anything tax related. It just goes beyond me and I have the utmost admiration for anyone who grasps it all. Ive had my own electric car for a year and have a charger at home. Probably 80% of my charging annually is via this, to and from work, and I only use public…
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Reduction in personal allowance.
I've just checked my tax code for 2026/27 and I have had my personal allowance reduced by £101. Reason given, untaxed savings interest. I'm a basic rate taxpayer, so could someone kindly calculate how much interest I would have to earn to give rise to this figure. I don't complete a tax return so I assume they have worked…
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Which form for reclaiming income tax paid on pension withdrawal ?
Hi all, ill start off by saying i think its Form P53 we need to use, but appreciate feedback. In last tax year 25-26, my wife received a pension payment as lump sum from Prudential as a "small lump sum option " it was from a " With Profits Fund " Final value was 9127, and received 7758, so 1369 taxed. She dosnt work and…
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Naive thinking HMRC will reply in writing?
Hello, I posted a letter to HMRC (BX9 1AS) over a week ago and paid for tracking. It's still saying it hasn't been delivered. If it ever does get delivered am I naive thinking they will reply in writing because I've written to them or is that not the case?
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selling holiday home -CGT implications for delayed completion
We may be selling our holiday home (overseas - double tax agreement between countries). Calculating everything in GBP there will be a significant capital gain. The buyer wants to exchange soon, with a completion delayed until Summer 2027. Both sets of (overseas) lawyers are negotiating a staged payment schedule. Obviously…
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2025/26 Self Assessment Tax Return
Hopefully the HMRC system will work soon to be able to make some progress. Well done to anyone already logged in I keep getting busy message so far.
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self assessment newbie - underpaid tax section
hi. I've been told to complete a SA for the first time, for 24/25. I'm employed and only have bank interest to complete I've completed ok. But I'm confused on the underpaid tax included in PAYE coding section towards the end. It says enter the amount of estimated tax for Apr 24-Apr25 to be included in your PAYE code for…
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Unexpectedly paying tax
Hello, I'm a new user here and hoping someone can help me to clarify my tax situation; I receive a local government pension which will be £9972.76 for the 26/27 tax year (increased from last year's £9707.67). I also have income of £6,154 for 25/26 from savings interest. I've never paid tax as my total income is within my…
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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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Your PAYE Income Tax estimate
I'm about to write to HMRC for the fourth time about tax issues from TY 22/23 onwards for both myself & wife. Whilst double checking our Gateway accounts I noticed that both specify…. 'We're updating your income tax estimate. It will be ready tomorrow.' Now, I'm thinking that if this is the case I should hold off writing…
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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…
