HMRC Admin 5 Response

Hi 

HMRC are unable to comment on your residence status as this is for you to determine based on the guidance available.

Thank you

Hi

Box 2 of SA106 page F1, is used to claim a foreign tax credit, of up to 100% of the foreign tax paid (HMRC can work this out for you).  
This is to avoid paying the same tax twice, resulting in double taxation.  Dividends and bank interest have their own tax free threshold and different rates of tax.  
This is why they should be declared separately on page F2 (in pounds sterling only).  
Self assessment will add together UK and foreign interest and work out the appropriate threshold for tax purposes and tax the sum that exceeds this threshold at the appropriate rate.  
The same goes for dividends, although the tax free threshold is fixed at £2000.00.

Thank you

Hi G SIU

Please declare this in the foreign section (SA106) page F6, box 41.  Please also have a look a the notes relating to this box using the link below.
Foreign (2023)
Foreign notes (2022-23)

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Hi

If all of your interest is from UK bank/bulding society accounts, you do not need to inform HMRC as we will be notified automatically.
If any interest is from any other source (not ISA) then yes you will need to tell us.

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Hi

A UK property would be subject to capital gains tax in the UK, whether resident or not.  
Please have a look at the guidance on capital gains when you sell a property.  This included property that is overseas and the individual is UK resident.

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Hi Duane Hardy

No these are not an allowable expense. Please see  - Claim tax relief for your job expenses

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Hi Chrisitne Sung

You also need to complete boxes 1-7 on the SA108. You dont need to provide any proof at this time.  
2. yes you show this as foreign income for the UK part of the year  
3. yes you need to complete SA109 to show split year.
Please note though, a paper return is now classed as late and you will need to file online using 3rd party software to avoid any penalties - Self Assessment commercial software suppliers

Thank you

Hi

This would be classed as business.

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Hi

Income from share options would fall under Article 14 of the UK/USA DTA – see page 47 of the UK/USA DTA.
In these share option scenarios under Article 14 the UK usually has sole taxing rights and an IRS form W8-BEN would have been completed to confirm this to the IRS.
Any US tax shown on the payslip would usually be a notional figure and not an actual tax deduction so no foreign tax credit relief would be due.
The individual should check this with their employer though to determine the actual position.
If, in the unusual scenario, the USA does have the right to tax some or all of the income per the DTA you will need to review the guidance in the HS263 regarding claiming any FTCR and it may be useful for you to look at DT1925, DT1925A & DT1925B.

Thank you

Hi Luke

You would need to contact the employer for the missing information if possible. If your letter was recevied 27 December 2023 the current timesacle for a reply is 4 May 2024.  

Thank you