HMRC Admin 5 Response

Hi 

UK-REITS and NON UK REITS are vehicles that allows an investor to obtain broadly similar returns from their investment, as they would have, had they invested directly in property.  
In the hands of the shareholder, the profits paid out are known as property income distributions ir dividends (PIDs) and are taxable in the same way as profits of a UK property rental business.  
Where Non UK REITs are distributed, the profits and foreign tax deducted are declared in the foreign sections under 'income from land and property abroad', where a foreign tax credit can be claimed.  
They are not taxed as dividends, but as property income.  Foreign tax credit relief is restriced in a similar way to dividends.  Article 10 of the UK / USA tax treaty (Uk/USA Double Taxation Agreement - 2002) limits tax relif to 15% (DT19852 - Double Taxation Relief Manual: Guidance by country: United States of America: Treaty summary).

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Hi

Personal pension relief payments are declared in box 1 of page TR4 of the tax return (SA100).  Have a look at Tax on your private pension contributions.  
The amount claimed in your tax return is automatically transferred to your tax code for the following tax year.  
If you discover that this figure will be wrong, you will need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at Contact HMRC, to amend/remove the personal pension figure.
In the current tax year, you can claim tax relief up to the lower of a maximum of £60000 our your annual earnings paid into pension schemes.  
Any payment that exceed your threshold, becomes a 'pensions savings tax charge' and the excess should be declare on SA101 (additional information) box 10 on page Ai4 or in the online equivalent box
"Amount saved towards your pension, in the period covered by this tax return, in excess of the Annual Allowance". 
Have a look at Tax on your private pension contributions.

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Hi

If the company office is the customers permanent workplace then any travel from their home to that workplace is normal commuting and so not an allowable expense, as per EIM32356, which is what the customer has stated. 
The actual rules about what are classed as ordinary commuting and what is an allowable business journey for the purposes of the employment are a little complex and include the concept of temporary workplaces. Based on what you haves said, I suspect the fact the company deduct 120 miles from every journey that starts at home is administrative ease for them to ensure they keep themselves within the rules for paying travel expenses.
The guidance on Employee travel expenses in general is at EIM31800 onwards. If the individual chooses to stay somewhere nearer to their permanent workplace for ease then any travel from their normal home to get there would not be allowable as it is a private journey to put them in a position to carry out their employment, not actually as part of the duties of the employment. 
Your question really relates to what happens from here. Any subsequent travel from the hotel where they have based themselves would be subject to the normal rules regarding travel expenses, with the hotel in that case effectively being your home for that journey.
If you then travelled to their permanent workplace from there to carry out substantial duties then that journey would also be ordinary commuting (see EIM32055 for what constitutes ordinary commuting).
Any onward travel from the permanent workplace to clients (which are effectively classed as temporary workplaces whilst they are there) would then be allowable business travel, see EIM32230.
If the individual travels from the hotel where they are staying direct to a client (or just briefly stops at the permanent workplace to pick something up for example), then the whole journey may be an allowable expense if the journey is longer (or in a different direction) than what their commute to the office would be from the hotel, and any subsequent travel between clients would be allowable on the basis it's between 'temporary workplaces'.
For tax purposes, HMRC would not require 120 miles to be deducted from the journey as 120 miles is not their 'ordinary' commute if they are staying at a hotel near to the permanent workplace.
This is guidance at EIM32300 and there are some useful examples there too. Ultimately each case would be dependent on the individual facts.

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Hi Sharon2

Emergancy tax would be appled when you take the pension.  Government pensions normally remain liable to tax in the UK unless you are a national and a resident of Spain

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Hi

1. you need to claim this by completing box 15 or 16    
2. yes    
3. yes

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Hi 

A right to acquire the cash equivalent of securities under such an arrangement is not a security (nor a securities option). It is a type of phantom share plan. See ERSM20196. 
As the payment is from your employer, the income should be shown in the employment section if it is included in your P60. You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on'.
If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.  
ERSM20193 advises that when RSUs payout at the market value on what is called ""dividend equivalents"" in either cash or shares, such payments will generally be taxed as earnings in the year they are received.  
Please see ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents

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Hi

1. Yes that is correct your allowances will be reduced to take into account the marriage allowance transfer.
2. Yes that would be correct you would have the remainer of your allowances plus the £5000 starter rate for savings.
3. Yes your husband will still be eligible for the £1000 personal savings allowance. 

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Hi

As the 2023/24 tax year has now ended the code would no longer be amended for that tax year.
If you return to PAYE employment in the new 2024/25 tax year then your tax code would be reviewed and issued. 

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Hi 

If your other income goes over the personal allowance £12570 then the starter rate for savings is reduced up to £17570 when you would not be eligible Tax on savings interest

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