HMRC Admin 5 Response

Hi 

Previously, you were limited to opening only 1 ISA of a particular type in each tax year, such as a cash ISA.  
The ISA reform allows for the creation of more than 1 ISA of the same type in the same tax year.  An ISA provider can choose to limit you to creating one ISA with them in a tax year.  
This does not prevent you from creating an ISA of the same type, with other providers.  
Regardless of however many ISA's you create, you are still limited to a combined maximum saving of £20000.

Thank you

Hi 

For capital and interest accruing when you were not UK, there would be no tax liability for transferring to the UK.  
Only interest arising from the capital in the tax years you were resident in the UK, would be taxable.  This interest should be shown in a self assessment tax return.

Thank you
 

Hi

If you go above the annual allowance, your pension provider should give you a statement advising of this.  
There is also a calculator at Check if you have an annual allowance tax charge on your pension savings
to help you work out the annual allowance tax charge on your pension savings.

Thank you

Hi 

As you got more than £10,000 from savings or investments you will need to complete a 2023/2024 - see the following links about Registering for Self Assessment and when you can expect to receive a reply from HMRC.  
Check how to register for Self Assessment and - Check when you can expect a reply from HMRC

Thank you

Hi 

Please refer to the following Guidance - Tax on foreign income

Thank you

Hi 

A salary sacrifice arrangement must not reduce an employee’s cash earnings below the National Minimum Wage (NMW) rates.
Employers must put procedures in place to cap salary sacrifice deduction and ensure NMW rates are maintained.
NMW rates are at National Minimum Wage and National Living Wage rates

Thank you

Hi 

You are correct - salary sacrifice would be deducted from your adjusted net income calculation.
You may have crossed the £100,000 threshold for some other reason - to allow us to check this, and advise you further, contact us by webchat or phone via
Self Assessment: general enquiries

​​​​​​​Thank you

Hi Peter Havas

I am sorry for the delay in processing your penalty appeal, and for the emergence of more penalties.
Contact us by webchat via Self Assessment: general enquiries
and we can confirm if these penalties are appropriate, and confirm the progress of your appeal. 

Thank you

Hi 

HMRC cannot comment on future events as legislation and/or plans may change.
Based on current guidance, as you are not resident in the UK at time of sale, no UK capital gains tax will be due.

Thank you
 

Hi 

In theory, you could declare your cumulative income from each account under a single business account.
However, if this income comes from selling goods to different countries, we may need to confirm some more details before we can correctly advise you.
To allow us to do this, contact us by webchat or phone via Self Assessment: general enquiries

Thank you