HMRC Admin 5
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RE: Previous employer P45 mess up
Hi
Your employer would send the P45 leaving details online to HMRC.
It could be that if you have started a new job before the P45 is received the system will update the record to show your old job has ended and the new job started but will not yet show the P45 figures.
Thank you -
RE: Self- assessment registration date security question
Hi
If you'd like to update your contact number but are unable to confirm the security information requested, please write to us at
Pay As You Earn,
HMRC,
BX9 1AS
confirming you name, address, date of birth, National Insurance Number and new contact number, and confirm that you'd like to update this contact number.
We will then contact you if any additional information is required.
Thank you -
RE: Tax Code change to 24LX until April 2024 from HICC?
Hi
To give you a thorough explanation of you calculation and how your code has been subsequently adjusted, we will need to access and review your record.
Please contact us by webchat or post via Income Tax: general enquiries and we can confirm all adjustments made.
Thank you -
RE: Using FX from prior lump sum remittance for subsequent pension payments
Hi
For converting to pounds sterling, you would need to use a just and reasonable exchange rate in use at the time of the conversion.
Thank you -
RE: Is CGT payable when putting property into a bare trust for wife?
Hi Heather Mitchell
We cannot comment on scenarios, only provide general information/guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our Self Assesment helpline on 0300 200 3310, or seek professional advice.
Thank you
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RE: Spousal support from USA
Hi
Spousal maintenance is not treated as taxable, as the party paying the maintenance, has already paid tax on it.
If you were to be taxed on it, the payment would be taxed twice. You do not need to complete a tax return, to report the spousal support.
Thank you -
RE: annual bonus tax implications
Hi G77W
No, as at the end of the tax year, your income will still be the same.
Thank you -
RE: $US Interest and Dividends in a UK Brokerage Account
Hi
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
For your convenience, there are exchange rates at https://webarchive.nationalarchives.gov.uk/ukgwa/20231016190054/ and
Exchange rates from HMRC in CSV and XML format.
You are free to use any of the supplied rates or one of your own choosing. This should answer questions 1, 2 and 4.
It is up to you to declare the interests on your tax return.
Foreign interest is added to UK interest in the self assessment calculation and the appropriate tax free rate applied, with that taxable amount charged to tax at the relevant rate.
Thank you -
RE: Capital gains tax and Private Residence relief
Hi Gareth Griffiths
Please see guidance at CG65400 - Private residence relief: settled property: introduction
to see if the conditions are met.
Thank you -
RE: Cash Isa maturity
Hi
You can transfer the one that is maturing but you cannot add any addtional funds to it until after 6/4/24.
You will also need to get the ISA provider to arrange the transfer.
Thank you