Clive Smaldon

Not HMRC....HMRC, incorrect, https://www.gov.uk/government/publications/statement-of-practice-4-1997/statement-of-practice-4-1997, cashback is generally NOT income for an individual

Not HMRC...cant comment on the CGT due (other than appears something filled out wrong on the return as if within the annual allowance when did CGT return and no other gains then it should still be within it on the SA return)...talk to HMRC...but CGT rate has been 18% up to unused BR band since 2017, not sure where the 12% comes from?...consequently 2023 was 18% also.

Not HMRC...no. The carry forward situation is only by reference to annual allowance calculation, not pensions tax relief itself, unused pension relief is not carried forward.

Not HMRC...yes its still on individual incomes (supposed to be under review but as payback limits increased from £50k - £60k old rates to £60k to £80k new rates to make it fairer it likely wont change soon) no the lower earner cannot report it

n.b. See https://community.hmrc.gov.uk/customerforums/sa/7f01148d-d0b6-ef11-95f6-0022481b5b6f

Not HMRC...you cannot usually offset capital losses bar some very specific circumstances...this should help decide if you are eligible...https://www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2021

Not HMRC...cashback is not generally taxable income, unless derived in the course of trading (self employment/ltd company) in which case it would be other income within the trading account, for an individual cashback is generally not a taxable source. https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim100210

...Im old enough to rememeber when it used to change in November and used to be 33 weeks and 17/18 weeks...so a question, if the first Monday in the tax year is 6 April 2023 (increased on 6th April 2020, the date the pension was payable from, according to AI) what possible logic would there be for 51/1 that year? Am curious...not obsessive, just curious...

...also noting that on that link to manuals, where pension started pre 2010 and 6/4 falls on Sat/Sun/Mon system calculates at 52 weeks...but not when on a Tues to Fri...I think this just illustrates there are different rules for different people, its not the same for everyone i.e. 51 / 1 doesnt apply automatically across the board, depends on when the tax year end/start falls, and the difference for which, on say, a £10 weekly rate increase would be a £2 tax difference for a BR payer, £4 - £4.50 at higher rates!...worth the time?

Hello Bellaboo...not seen that?...when I log on to system to check "information to assist to complete return"field on SA system on client record (to then use on 3rd party software) the figure in the state pension field (when its there) is 52 weeks directly from pensions dept...just checked the 3 returns I did yesterday, all of the figures in that field on the SA system are 52 weeks (i.e. agree to the letter received by client with figure x 52 after April 23 increase)...then the figure in the code is that figure rounded up to nearest £5 for PAYE purposes.