HMRC Admin 21 Response
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Re: Pension contributions
Hi Motinha Mota,
The National Employment Savings Trust (NEST) is a workplace pension scheme set up by the government. This pension is taxable income, so you may have to pay tax on the payments you receive. The payments will not be made by your employer, but will be paid and taxed by NEST. Please have a look at the guidance at Log into your NEST account.
thank you. -
Re: Tax refund been pending over a year
Hi Jakk1395,
Repayments are randomly selected for further security checks, can take much longer. We cannot comment in this forum on your particluar situation, for that you would need to progress chase via our self assessment helpline on 0300 200 3310 or contact our webchat facility at Contact HMRC
Please have a look at the guidance at HMRC compliance checks: help and support.
Thank you. -
Re: Estimated income by Gov - how is calculated?
Hi Christine Hicks,
It may be that your state pension is above the personal allowances of £12570 so tax will be due at 20% on the amount above this.
Thank you. -
Re: RE: Overpaid Student Loans £5,204.24 Refund Due Self Assessment
Hi Ruth Parchment,
It means: Student Loans Unit (SLU).
Thank you.
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Re: Backpay From A Pay Award Covering Several Years
Hi Derek_F_1968,
You will need to write to HMRC at H.M. Revenue and Customs Pay As You Earn BX9 1AS and make a claim for 'arrears of pay'. In your letter, you will need to provide a breakdown of the payment you received and how it relates to each of the earlier tax years.
Please have a look at the guidance at PAYE70023 - PAYE operation: aspects of PAYE operation - employer: payment of arrears of pay for closed tax years and EIM02530 - Employment Income: arrears of pay and awards under the Equal Pay Act 1970 for more information.
Thank you. -
Re: Got a letter to complete Tax Return for 22-23 online. I can't find it online
Hi Sergey,
You will need to register for online filing in order to do this - Self Assessment tax returns.
Thank you. -
Re: CGT on deceased property
Hi Jo P-K Payne,
If the property was named in a will, along with the beneficiaries, then when your last surviving parent passed away, the property was transferred to the beneficiaries, with a value as declared in probate. If the property is disposed of for more than the probate value, then a capital gain arises. Each of the beneficiaries would need to work out what their gain is and report and pay it within 60 days of completion.
Thank you.
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Re: Selling shares gifted
Hi belgiumqq,
Yes, provided you make a gain when you dispose of them.
Thank you. -
Re: Communicate with HMRC
Hi "LIVINGINUK Giuseppe,
No we dont correspond by email.
Thank you. -
RE: Maximum Savings Interest before I need to pay tax
Hi Oliverps46 Oliver,
Saving bonds interest is taxed in the year that it is made available to the you as the customer.
Thank you.