HMRC Admin 5 Response
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RE: Gift from grandmother from abroad
Hi
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax. Further guidance can be found here Tax on savings interest and Tax on dividends
Thank you -
RE: High Incoming Child Benefit Charges - Adjusted Net Income
Hi
If the pension contributions are part of a salary sacrifice, then they are already deducted from your income so not deducted again for adjusted net income. .
Thank you
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RE: Complete online self assessment problem
Hi
I'm sorry to hear that you've had issues receiving your UTR.
If applied for correctly, you should receive your UTR around 3 weeks after applying.
If this amount of time has passed and you still haven't received your UTR, please contact us by webchat or phone via Self Assessment: general enquiries , and we can register you for Self Assessment.
Thank you -
RE: Balancing Payment Calculation
Hi
We can help you review your Self Assessment return and the balancing payment that has been requested, as well as confirm all payments made so far and your overall Self Assessment balance.
Just contact us by webchat or phone via Self Assessment: general enquiries
Thank you -
RE: Income Tax on interest arising from gift of money to spouse
Hi
This helpsheet doesn't apply to your scenario as no trust has been created.
As you gifted the funds to your husband it is then his money to do what he pleases. As the account that generated the interest was solely in his name, the interest is his income only and the full £1200 is taxable income for him.
Thank you
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RE: Remittance basis - Transfer of funds to foreign account of UK company
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RE: High income child benefit charges
Hi P L
To register for previous tax years for Self Assessment you can submt a SA1 form or contact HMRC.
You can submit the SA1 online at Register for Self Assessment if you are not self-employed.
You can contact HMRC at Self Assessment: general enquiries
Thank you -
RE: Overseas Remote employee for a UK based employer
Hi Farhan Tariq
This forum is for general guidance only and cannot comment on specific scenarios.
However, as still employed by a UK company, you may want to review a claim under double taxation relief - HS304 Non-residents — relief under double taxation agreements (2023)
Thank you -
RE: Reporting of interest income from fixed term deposit
Hi Cypher
If the interest is only credited at time of maturity, then you only declare it in that year - the full amount. see guidance at SAIM2440 - Interest: taxation of interest: when interest arises
Thank you -
RE: Taxable pay YTD higher than Gross Pay..?
Hi
We would need to access your record to check the details.
You can contact HMRC at Income Tax: general enquiries
Thank you