HMRC Admin 5 Response
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RE: Opening a new pension fund from sale of second property
Hi
HMRC cannot advise you on this as it is financial advice which we are not authorised to give.
Thank you -
RE: HMRC tax agent registration
Hi Holly
Unfortunately the Customer Forum is unable to help with complaint queries.
You can chase the progress of your complaint by contacting the Central Agent Authorisation Team or alternatively you can contact the Agent Account Managers to see if they can interevene with that business area on your behalf to resolve the issue.
Thank you -
RE: Reporting savings interest
Hi K L Kwan
You do not need to declare the ISA as this in non taxable.
Any other untaxed bank and building society interest will be submitted to HMRC by the banks and building societies.
Once received after the tax year end HMRC will review your record and if you have underpaid your tax a calculation will be issued.
The nmber to contact HMRC is 0300 200 3300 8am to 6pm Monday to Friday Income Tax: general enquiries
Thank you -
RE: Gifting a Property to Adult Children
Hi
The paying of rent is a matter between you and your children. If paid, they will need to declare this as rental income - Work out your rental income when you let property
Thank you -
RE: French share dividend for UK tax payer
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RE: How long to obtain a UTR ?
Hi
It can take up to 4 weeks to receive your UTR. If you haven't received your UTR 28 working days after your application,
Contact us by webchat or post via Self Assessment: general enquiries and we can advise your further.
Thank you -
RE: Deliverroo self assesment
Hi Riccardo Ib
As the earnings are in your name, you still need to include it as turnover to then deduct the expenses you are then paying over to them, hence classing it as wages. you will need to keep evidence of what shifts/payments you give to other drivers.
Thanks -
RE: NHS pension contributions as locum GP
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 -
RE: CGT due on house gifted 11 years ago and is not main residence
Hi PhilipL22 L
It is based on the difference in value when gifted and when sold so 'A' is your scenario.
Thank you