HMRC Admin 5 Response

Hi 

I have not come across a deed of understanding and cannot find anything in relations to it.  
There is a memorandum of understanding, which is a type of agreement between two or more parties.  There are no tax implications on the transfer of sterling capital from one person to another.  
Once capital gains tax is paid, your partner can give you, your 50%, without any tax implications.  Your partner may have inheritance tax implications, as they were the legal owners of the property.  
Please have a look at the guidance at (How Inheritance Tax works: thresholds, rules and allowances). 

Thank you

Hi Carmenip

If the office being attended is treated as a temporary office travel expenses could be allowable.
Please have a look at EIM32075 (EIM32075 - Travel expenses: travel for necessary attendance: definitions: temporary workplace) and  EIM32085 (EIM32085 - Travel expenses: travel for necessary attendance: definitions: temporary workplace: example).

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Hi

For assistance you would need to contact our online helpdesk Technical support with HMRC online services

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Hi

You may wish to consider forming a business partnership.  
This is declared in the individual's self assessment tax return (SA100) on supplementary page SA104 (partnership) and on a partnership SA800 tax return each year. 
Alternatively, you may wish to be subcontracted to this trader and declare your self employment income in a self assessment tax return.  
We can only provide advice on personal tax in this forum.  Limited companies fall under Corporate Tax, which we cannot advise on.

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Hi Nicole Marie-Joseph

If you are in Self Assessment then you would need to amend your tax return Self Assessment tax returns .
If you are not in Self Assessment you can contact HMRC with the pension details to review Income Tax: general enquiries.
Depending on the amount of the pension contributions you may may need to submit the claim in writing 

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Hi

You are correct.  You pay income tax when the shares vest.  If you retain the share and dispose of them at a later date, you may be subject to capital gains tax on the difference.  
You have one year after the due date of your tax return to amend it (e.g. 2022 to 2023 return can be amended up to 31 January 2025).  
Once the date for amendments has passed, you will need to submit an overpayment relief claim OPR).  
There is a specific format for OPR claims, that must be followed.  Please have a look at the guidance at SACM12150 - Overpayment relief: Form of claims.

Thank you

Hi Stephanie Greathead

If you applied for Marriage Allowance through an agent or third party, this may account for the delay in receiving your rebate - please contact this agent or third party for progress on receiving your refund.
If you applied for Marriage Allowance through HMRC directly, and your refund is not showing as claimable on your Personal Tax Account, please contact us by webchat or phone via
Income Tax: general enquiries to allow us to review the progress of your claim.

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Hi coffee73 Hopkins

Employees have to pay income tax on the difference with the fair market share price and the exercise price (profit made).
After acquiring the options, the employee would have the freedom to either sell the shares or keep them.  Please see Tax and Employee Share Schemes.  
If you sell/dispose of the shares you would have to consider the Capital Gains Tax position -   HS287 Capital Gains Tax and employee share schemes (2024).  
We cannot comment on the US tax position.

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Hi

I'm sorry to hear of the issues you've experienced. To help us discuss your case and  correctly advise you, please contact us directly, by webchat or phone, via
Self Assessment: general enquiries

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Hi agozillon

Please refer to the following Guidance - Tax on foreign income

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