HMRC Admin 5 Response

Hi ktaylor,

As a UK resident you will be liable to tax on your worldwide income and as such the US income needs to be declared. you can claim tax credit relief for the tax paid in US - guidance can be found here

Tax on foreign income

Thank you.

Hi santhosh Kk,

Late filing and late payment penalties, can only be appealed in writing -

Self Assessment: appeal against penalties for late filing and late payment

You cannot add up all of the credit together and claim in one tax return.  You need to claim each year in each tax.  

The tax returns for 2021 to 2022 and 2022 to 2023 can be amended to claim the relief.  For tax year s2019 to 2020 & 2020 to 2021, you will need to submit in writing, an overpayment relief claim.  

The guidance on submitting an OPR claim, can be found here - SACM12150 - Overpayment relief: Form of claims

OPR claims in the wrong format will be rejected.

Thank you.

Hi,

You are free to use the yearly rate, the monthly rate or the spot rate.  If a conversion was undertaken to deposit the money into a UK bank account, then this figure can be used.  

The official exchange rates can be found here -

Exchange rates from HMRC in CSV and XML format

Thank you

Hi Lyndon Jones

You will need to contact the National Insurance helpline here

National Insurance: general enquiries

Please note they cannot advise you if you should pay the shortfall, they will you to get a Pension forecast to help you decide if you should pay it.

Thank you.

Hi Raj S

Yes, that is correct. You can find guidance here -  Capital Gains Tax: what you pay it on, rates and allowances

Thank you

Hi Jay,

Yes, if your total profits (less expenses) for a given year are £1000 or less, you do not have to declare them - unless, that is, your expenses exceed your trading income and you want to claim a trading loss to carry forward to future years.                                         
You can find guidance here - Tax-free allowances on property and trading income

Thank you.

Hi,

To be considered tax resident it would be 183 days in the tax year (6/4 -5/4).

If it is less than that you then need to consider other ties, you can find more guidance here -

RDR3: Statutory Residence Test (SRT) notes.

Thank you.