HMRC Admin 5 Response

Hi Mark Reynolds

It's possible that your previous employer hasn't correctly ceased your employment profile with them, and as such it's still present on your record.
Contact us via webchat or phone at Income Tax: general enquiries
and we can confirm how many employers we currently have on your record.
We can then advise on how to complete your return, before contacting this employer to fully cease your record with them.

Thank you

Hi

If you think that you no longer need to file a Self Assessment return, you need to inform us of this, in order for us to correctly close down your SA record.
You can check to see if you still need to complete an SA return here - Check if you need to send a Self Assessment tax return. 
This will then confirm to us that we need to close your Self Assessment record.

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Hi

This is not an allowable expense.

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Hi

We are unable to answer your question, as it is not a question on tax.  
You would need to take this up with the ISA provider or seek professional advice.  
You can transfer the ISA to another provider, even if you are not resident in the UK.  Please see Individual Savings Accounts (ISAs)

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Hi

If you qualify for split year then you only report any foreign income for the UK part of the year Residence, Domicile and Remittance Basis Manual.
If you do not qualify then you will need to report all your foreign income to the UK Tax on foreign income  
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies. 
You should also refer to this to work out your residence as this is for you to determine
 
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Hi

If this is your only UK income, there is no need to complete a tax return - Tax on your UK income if you live abroad

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Hi

With the remittance basis, you are only taxed on your UK income and UK capital gains and that world-wide income and capital gains brought into the UK.  
Any income or capital gains not remitted to the UK, is not taxed, but will be taxed if brought into the UK in a future tax year.  
You will need to complete SA109 along with the rest of your tax return.  In the remittance section, you declare the unremitted income and capital gains and provide a breakdown of then in the free hand text box.  
When claiming the remittance basis, you lose your personal allowance and annual exempt allowance for capital gains.  
If you have been resident in the UK long enough, you will also incur the remittance charge, which is either £30000 or £60000, depending on the lenght of time you have been residen in the UK.  
Take a look at section 9 of RDR 1 (Residence, domicile and the remittance basis: RDR1) for more information.

Thank you
 

Hi cicciobello

Box 1 on page TR4 of SA100, relates to payments made to a pension scheme, where basic rate tax relief will be claimed by the pension provider.  
An entry in this box, will increase the basic rate band, so that more income is taxed at 20% and less at 40%.  
This has the effect of reducing income that would have been taxed at 40%, down to 20% and in doing so, gives a further 20% tax relief.  
Box 2 should only be used where no tax relief is given and none claimed by the pension provider.  
You should not fill in both boxes in relation to the same pension scheme.

Thank you

Hi Tanny

To obtain full QROPS benefits you must leave the UK for more than 5 full tax years.
If you wish to access your QROPS in less than 5 years then there can be significant tax issues.
In particular, if you access a large amount of the fund while outside of the UK and then return to live in the UK, all within a 5 year period.
Doing so may mean that you fall foul of an anti avoidance wording in ITEPA 2003 s.574A which can hit a pension saver even if there was no intent to avoid tax.
According to the wording, when someone withdraws flexi-access pension payments during a non-UK residency, should the non UK residency not exceed 5 years, then any “relevant withdrawals” are to be treated under foreign pension tax rule as if they arose in the year of return and s.576A (7) specifically overrides any double tax treaty.
A Relevant Withdrawal is an amount (other than an annuity) that the member is paid from the member’s drawdown pension fund or flexi-access drawdown fund.
If the amount exceeds £100,000 as a withdrawal then the nature of that payment will determine if the QROPS holder is liable to UK Income Tax:
If the payment had an element of Pension Commencement Lump Sum (PCLS) then the threshold is not likely to be exceeded and HMRC will have no interest in this.
However, if the £100,000 was an income withdrawal then any amount above this will be taxable by HMRC.

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Hi

If still showing as due for payment but you requested the balance to be collected in your tax code then you will need to contact HMRC to review:
Self Assessment: general enquiries

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