HMRC Admin 5 Response
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RE: Have I paid into multiple stocks and shares ISAs?
Hi samworrall123
You will need to contact your ISA provider to let them know you have paid into a second ISA. They will be able to advise you and take the necessary action to resolve the situation.
Thank you -
RE: Tax return on personal investment in FX Futures and capital losses to be carried forward?
Hi JW
If the loss was declared in a self assessment tax returnn, then you will need to amend the tax return to make this change.
If you do not need to complete a tax return or it is too late to amend your tax return, you will need to submit a letter to
H.M. Revenue and Customs
Self Assessment
BX9 1AS,
to provide notice of the error.
Thank you -
RE: Redundancy pay taxed by employer
Hi rajesh purohit
If not corrected by the end of the tax year, you can provide evidence of the redundancy payment for your taxes to be reassessed.
Thank you -
RE: Capital Gains from selling a family property in Norway
Hi
As the house has not been your only main residence for the whole period of ownership, you will be liable for capital gains when you sell it. the rate you pay depends on your other income so it will be at 18% or 28%. see guidance at Tax when you sell property
Thank you -
RE: P45 Incorrect Totals
Hi
I'm sorry to hear you're having issues with your employer.
Please advise them that we would request of them that they call the Employers Helpline on 0300 200 3200, as soon as possible, to resolve this issue for you.
If they continue to refuse, write to us at
Pay As You Earn,
HMRC,
BX9 1BX,
giving a detailed account of the issue and the figures involved, and we will investigate this further.
Thank you -
RE: One off pension contribution - how to inform HMRC?
Hi
If you are required to complete a self assessment tax return, this pension payment would be declared in box 1 of page TR4 on the SA100 tax return.
If you do not need to submit a tax return, you will need to write to:
H.M. Revenue and Customs
Pay As You Earn
BX9 1AS,
claiming personal pension relief and providing supporting evidence from your pension provider of the payment that was made.
Thank you -
RE: SIPP contributions in Self Assessment and dividend allowance
Hi cicciobello
If your pension provider claims 20% tax relief on your SIPP payments, you would enter the amount paid into the SIPP in box 1.
This allows for the 20% tax bracket to be extended, which reduces the amount of income taxed at the higher or additional rate of tax.
Thank you -
RE: Self assessment for EU savings account
Hi
Yes you need to declare this. Please take a look at the guidance here Tax on foreign income
Thank you -
RE: DB pensions: take one but continue working & contributing to another?
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RE: Expenses query
Hi RVN1
The subscriptions would be claimed under the employment section.
Thank you