HMRC Admin 5 Response

Hi richiel101

As your employer deducts your pension payments before calculating your tax liability on the balance, you receive full tax relief at source, regrdless of whether you pay tax at 20%, 40% or 45%.  
On those payment, no further relief is due.  If you make further payments to your pension scheme from your income, after you have paid tax, you can claim further tax relief if you pay tax at 40% or 45%.  
Where your pension scheme will claim tax releif from HMRC on your behalf, you would complete box 1, so that you can claim the balance in your tax return.

Thank you

Hi PhilipL22 L

It is based on the difference in value when gifted and when sold so 'A' is your scenario.

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Hi

Only that interest generated within the ISA is tax free, so from April - January is taxable.

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Hi 

Your foreign self employment income should be declared in SA103.  Only if you are claiming a foreign tax credit, do you also declare it in the foreign section.

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Hi 

You do not state how you acquired the money from forex prop firms.  
I you acquired and disposed of shares, there may be a gain after you have deductd your qualifying expenses.  
This woudl be reported in the capital gains section of the tax return (SA108 - Self Assessment: Capital gains summary (SA108)).  
If this was earned income arising from self employment, then this would be declared in the self employment section (SA103 - Self Assessment: self-employment (short) (SA103S)),
along with the qualifying expenses.

Thank you

Hi ejc7691

We can only provide general information/guidance in this forum.  
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at Contact HMRC or seek professional advice.

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Hi

Please have a look at the guidance at EIM71100 - EIM71100 - Voluntary organisations: unpaid office holders and
Charities and tax for more information.

Thank you
 

Hi 

We would need to access your record to check/update your tax code.
You can contact HMRC at Income Tax: general enquiries

Thank you

Hi 

There is no requirement to report losses to HMRC.  
If you want to claim for losses and carry the losses forward to a future tax year, you would declare the losses in the capital gains section of the online tax return or SA108 paper supplementary page.
 In the relevant shares section, you would show the disposal value, your allowable costs and the resulting the loss.  
In the losses and adjustment section, you would declare that you wish to carry the losses forward.  
Capital Gains summary (2024).  
Capital Gains Summary notes

Thank you