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HMRC Scam
Profile | Posted by | Options | Post Date |
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BrianW | Report | 7 Sep 2016 17:39 |
I've been sending in self assessment returns (at HMRC request) since I retired. |
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+++DetEcTive+++ | Report | 7 Sep 2016 18:41 |
Quite a few, in all probability. It's a right faff even if you know you dont owe anything nor due a refund. Many people would give a sigh of relief if they were told they didn't have to bother. |
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InspectorGreenPen | Report | 8 Sep 2016 09:00 |
If you are claiming tax relief on gift aided donations that implies you are a higher rate taxpayer. However, if you are not required to send a tax return, contact HMRC and ask for a P810 form. You’ll need to submit it by 31 January after the end of the previous tax year. |
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+++DetEcTive+++ | Report | 8 Sep 2016 09:14 |
Are you sure about the higher tax band, IGP? |
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InspectorGreenPen | Report | 8 Sep 2016 10:41 |
Whilst you can record gift aid donations you have made on your return, you will only receive a tax refund if you pay some of your tax at the higher rate when you can claim the difference between the rate you pay and basic rate claimed back by the charity on your donation. |
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+++DetEcTive+++ | Report | 8 Sep 2016 10:50 |
Does it need to be declared so that the charity can claim tax from the government. or is it only necessary if you are a tax payer? TBH, I'm :-S |
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InspectorGreenPen | Report | 8 Sep 2016 11:14 |
For a charity to claim Gift Aid on your donation you must first have paid UK Income or Capital Gains Tax that financial year. |
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+++DetEcTive+++ | Report | 8 Sep 2016 11:29 |
Thank you - that clears that up. |
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Andysmum | Report | 8 Sep 2016 11:53 |
My income is also within the personal allowance, but until this year I was having tax deducted from investment income. So each year, after I had received all the interest statements, I sent them off to HMRC with my P60 and a covering letter to get a tax refund. |
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BrianW | Report | 8 Sep 2016 20:10 |
With gift aid you only actually save tax if you are a higher rate taxpayer as the effect is to increase the basic rate (20%) band allowance by the gross amount of the payments you make under gift aid, thereby decreasing the amount charged at 40%. |
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BrianW | Report | 9 Sep 2016 17:39 |
Well, I filled it in online and submitted it last night. |
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RolloTheRed | Report | 9 Sep 2016 18:58 |
there are quite a lot of dodgy practices that go on which HMRC either don't want to or are afraid of nailing down. |
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InspectorGreenPen | Report | 9 Sep 2016 19:05 |
Well done getting a refund like that. |
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BrianW | Report | 9 Sep 2016 21:12 |
Sadly, IGP, it's more to do with too much tax deducted from a pension rather than being in the 40% tax bracket. |
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InspectorGreenPen | Report | 10 Sep 2016 12:31 |
Detective. |