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P11D tax on Health Benefit starting in February 2024

WebP11D tax on Health Benefit starting in February 2024. I have health insurance with my company that started in February 2024. I have been told that my …

Actived: 8 days ago

URL: https://community.hmrc.gov.uk/customerforums/payepe/ffc82add-2f0a-ef11-a81c-002248c8d5a8

Health Cash Plan for small LTD company

WebPosted Tue, 20 Feb 2024 08:28:22 GMT by HMRC Admin 20. Hi silvnic, In general, a UK company can deduct the cost of providing health insurance for their employees as a …

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Claiming for remedial medical expenses on self assessment

WebA self-employed sole trader can only claim medical expenses "that are wholly necessarily and exclusively incurred in the performance of [work] duties". The …

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Tax on a payout from a health insurance company

WebHi faizovboris, No you will not declare the payout. you will already be declaring medical benefit from your employer and this covers any claims. Thank you. Posted Wed, 29 Nov 2023 20:52:13 GMT by faizovboris. Thank you for your answer! So in the case of health insurance, I need to pay tax only on the cost of health insurance because it …

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PHI lump sum settlement

WebPosted Sun, 12 May 2024 19:31:05 GMT by JUERGEN BAUER. Dear Madams / Sirs, A few days ago I received a lump sum settlement of £265,000 from my permanent …

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NHS taxes for VISA holders

WebHi Valerio, The National Health Service (NHS) Surcharge is paid as a part of the visa application and grants the visa holder access to free health services in the UK. …

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P11D form (Private Medical Insurance) provided by my employer.

WebFor the medical benefit amount, my employer has already submitted the P11D form (HMRC)." However, when I fill in the Self-Assessment online form for year 22-23. There is a session to ask, "Have you received any taxable benefits and expense payments form my employer". If I click "YES", i need to fill in the amount for Private Medical Insurance

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VAT exemption for services that are directly supervised by …

WebHi Matt, Paragraph 5.3 refers directly to care services that may be VAT exempt when all listed conditions are met. The first condition being-the services are …

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VAT on Occupational Health

WebThanks, Jenni. Hi Jenni, As long as the conditions are met in the following guidance then the supply from the limited company for occupational health services can …

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National Insurance Credits

WebHi Without-anE, It is the responsibility of DWP to ensure your NI Credits are recorded on your NI record following the end of the tax year. If you have requested a …

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BIK employee tax

WebBIK employee tax. An employee has stated that they did not know that a bik (pvt health insurance, only a small amount) would affect their tax and if known they …

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Impact of salary sacrifice benefits on Adjusted Net Income …

WebHi, When working out your adjusted net income, you do not include any pension payments made under net pay arrangements, these are deducted from salary …

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VAT exemption on medical services supplied

WebVAT exemption on medical services supplied. Posted Wed, 22 Nov 2023 10:45:51 GMT by pirateman. We are a vat registered company who, as a small part of …

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How to pay Voluntary contributions to fill gaps

WebYou can pay by sending a cheque to: HM Revenue and Customs National Insurance Contributions and Employer Office BX9 1AN Allow 3 working days for your …

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PAYE and payroll for employers

WebEarnings from a previous Tax Year PAYE70023 vs PAYE93091. Devon_Fox. Devon_Fox. Tue, 14 May 2024 12:03:30 GMT. 3. Overseas Remote employee for a UK …

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Self Assessment refund delays

WebSelf Assessment refund delays. HMRC's unacceptable delay in refunding my overpaid tax is a cause of significant financial worry for me. My request for refund was …

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annual bonus tax implications

WebThis will take my annual earnings to £55,650 but May my wage will go back to normal as this is only a bonus. I believe anything you earn over £50,270 gets …

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Tax on Irish pension lump sum and income

WebThey left work through ill health some years ago and became of normal pension age earlier this year ( don’t think this affects anything and just for info.) The pension fund received no HMRC tax relief either on the employees or employers contributions. The pension up to 2019 was a QROPS scheme however with the abolition of the UK life time

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Transferring savings to spouse to reduce interest tax liability

WebTransferring savings to spouse to reduce interest tax liability. Posted Wed, 17 May 2023 21:42:04 GMT by. I am considering transferring some funds from my …

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