HMRC Admin 5 Response

Hi pdm9

No this is not seen as 2 accounts as it is being transferred/switched and has to be done by the ISA provider.

Thank you

Hi

No as this is not part of the UK for this purpose.

Thank you

Hi Simon G

Please have a look at the guidance at BIM40051 and BIM70015 for cash basis or BIM40075 for GAAP.  
This means that the options would be liable to income tax based on the moneys worth value at the time of granting.  
The sale of the shares would be liable to CGT with the acquisition costs being the same moneys worth value at the time of granting.  
BIM40051 - Receipts: general: whether trading income
BIM70015 - Cash basis: receipts: overview
and BIM40075 - Receipts: general: when are they earned?.

Thank you

 

Hi

Please refer to guidance at HS321 Gains on foreign life insurance policies (2023)

Thank you

Hi

This is still classed as making a deposit in 2 ISAs.

Thank you
 

Hi SofTimps

We woulds need to access your record to check on the gift aid details. If incorrect the P800 can be amended.
If you have a joint account then you would be reviewed on 50% of the savings interest.
You can contact HMRC at Income Tax: general enquiries  

Thank you

Hi M 22

Apologies -  yes, the calculation would be correct but with the pension contributions if these are deducted from your gross pay before tax then not deducted again for adjusted net income.
Yes, the employer contributions and ISA are not taken into account. 

Thank you

Hi echow

As you are claiming the remittance basis, you need to do this via the residence section of the tax return and therefore still need to file.
You cannot use HMRC software to do this and will need to send in a paper form or buy 3rd party software - Self Assessment commercial software suppliers

Thank you

Hi

We have to wait until the end of the year to check your total income received to be able to confirm if any refund is due.

Thank you

Hi

The sale of the puppies would not be subject to Capital Gains Tax.
It is unlikely to constitute a trade as it's a one off situation but you will need to confirm this based on the badges of trade etc. so would most likely be taxable as income under the miscellaneous income sweep up provisions.
Please have a look at BIM100135 - Miscellaneous income (BIM100350 - Sale of income by an individual in exchange for capital: contents).

Thank you