HMRC Admin 5 Response

Hi

The redundancy payment is taxable in the tax year in which the payment arises.  Wew cannot comment on how this will affect your tax liability in a tax year.

Thank you
 

Hi

No.  As this is a cash gift, there is no income tax liability.  Any interest the gift generates may be taxable as foreign interest.

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Hi

If tax relief is actually due on your subscription, you will claim this as other expenses.
In the employment section it asks if you want to claim expenses - answer 'yes' and it opens up other boxes for you.
check here - List of approved professional organisations and learned societies (List 3) to ensure your payment qualifies.

Thank you

Hi Cam W

There is a table of rates for national insurance here Rates and allowances: National Insurance contributions.  
For 22/23, the lower profit limit was £11908 and 23/24 £12570.  
Any net profit above the thresholds, will pay class 4 NIC at 8.73% for 22/23 and 9% for 23/24.  
Class 2 NIC is voluntary up to net profit of £6725, after which it is complusory and is £3.15 per week for 22/23 and £3.45 for 23/24.

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Hi

As you are not claiming foreign tax credit relief on the property, you just declare it on the normal capital gain page for it to be included in the calculation.

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Hi

You will still declare this 1 month as self employment and give an end date of 30/04/22 to show that it has ceased.

Thank you

Hi

As the payment is from your employer, the income should be shown in the employment section if it is included in your P60.
You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on'.
If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.  
ERSM20193 advises that when RSUs payout at the market value on what is called "dividend equivalents" in either cash or shares, such payments will generally be taxed as earnings in the year they are received.  
See ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents

Thank you