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Where Taxpayers and Advisers Meet

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by darthblingbling
Fri Dec 06, 2019 8:40 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Scottish complication with savings allowance & higher rate tax
Replies: 6
Views: 1328

Re: Scottish complication with savings allowance & higher rate tax

Believe it's id 96 on the exception list as HMRC software does not extend the UK band but only the Scottish band in the above scenario
by darthblingbling
Fri Dec 06, 2019 8:16 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Scottish complication with savings allowance & higher rate tax
Replies: 6
Views: 1328

Re: Scottish complication with savings allowance & higher rate tax

Without looking at the calcs, briefly thinking I think there's an exception for Scottish tax payers in this scenario where they'll need to submit a return by post
by darthblingbling
Sat Nov 30, 2019 12:29 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: First job in UK
Replies: 4
Views: 1022

Re: First job in UK

Likely you're being taxed correctly as you would have been given the previous months bandings and allowances on a cumulative basis. See what the position is when you get your p60 after April
by darthblingbling
Fri Nov 29, 2019 8:45 am
Forum: Income Tax
Topic: Gift Aid carry back
Replies: 9
Views: 1436

Re: Gift Aid carry back

An election must be made— (a)on or before the date on which the individual delivers a return for year P under section 8 of TMA 1970 (personal return), and (b)not later than the normal self-assessment filing date for year P. ITA2007 s426(6) Nothing in the above legislation, in my opinion anyway, woul...
by darthblingbling
Fri Nov 29, 2019 8:05 am
Forum: Income Tax
Topic: Gift Aid carry back
Replies: 9
Views: 1436

Re: Gift Aid carry back

While the wording makes it look that way, I'm fairly sure that if an updated return is submitted before the normal filing deadline then it will be OK.
by darthblingbling
Thu Nov 28, 2019 9:49 pm
Forum: Income Tax
Topic: Gift Aid carry back
Replies: 9
Views: 1436

Re: Gift Aid carry back

File an amended return?
by darthblingbling
Thu Nov 28, 2019 1:20 pm
Forum: Income Tax
Topic: In receipt of a pension but also earning additional amounts
Replies: 2
Views: 594

Re: In receipt of a pension but also earning additional amounts

Depends on your age and how much you're earning as you says it's only a little part time work (assuming this is self employed work)
by darthblingbling
Wed Nov 27, 2019 9:30 am
Forum: Capital Gains Tax, CGT
Topic: CGT on former residence when no longer UK resident
Replies: 1
Views: 406

Re: CGT on former residence when no longer UK resident

Annual exempt allowance is given to non residents.

PPR is calculated differently unless you elect to be taxed on the gain over the whole period.
by darthblingbling
Wed Nov 27, 2019 9:26 am
Forum: Income Tax
Topic: Income tax on 2 jobs
Replies: 2
Views: 462

Re: Income tax on 2 jobs

Likely you'll be on a BR tax code on the second job until HMRC instruct them otherwise. This could mean more PAYE is being withheld initially, which will mean less take come pay for you. It should be reconciled eventually via a P800, but that could take time. Once the payroll team for the second job...
by darthblingbling
Wed Nov 27, 2019 9:15 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: First job in UK
Replies: 4
Views: 1022

Re: First job in UK

The tax bandings and allowance are calculated monthly for payroll purposes. So you should get 1/12th of the allowance and BR band monthly. But if your onboarding was done properly the bandings should be cumulative for the tax year so the previous months for the year will come into play. Check your p...

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