Ravi khan

Certainly! Here's a revised version of your message that is clearer and more formal, suitable for posting on the HMRC forum: Dear HMRC, I am a tax resident in the UK and currently engaged in project-based work remotely for clients in Taiwan and Hong Kong. Although I have invoiced these projects in GBP and requested payment to be made to my UK bank account, my clients have expressed a preference to compensate me in cash in GBP due to limitations with their banking facilities. I am seeking clarification on the following matters: 1. Declaration Year for Income Received Late: My invoices for the work done in the fiscal year 2023-24 will not be settled until my next trip to Hong Kong, anticipated in the fiscal year 2024-25. Could you advise on which fiscal year I should declare this income? 2. Bank Deposit Requirements: Upon receiving the cash, is it mandatory to deposit the full amount into my bank account? Additionally, would depositing the cash be considered a more prudent approach for tax purposes? (accumulate to around £9,000) 3. Required Documentation: Besides invoices, are there any other specific documents that I need to prepare, or request from my clients, to comply with tax regulations? I appreciate your guidance on these matters to ensure I am adhering to the correct tax reporting procedures for international income.

Hi HMRC, I am reaching out to seek guidance on the correct procedure to register my UTR. For your reference: 1. I have a registered limited company. 2. I earn income both as a sole trader and from overseas. 3. Additionally, I have income generated from interest. I've attempted to register through my accountant, but we've faced challenges and have been unsuccessful on two occasions. Could you kindly advise on the appropriate way to proceed with the registration considering my circumstances?

Hi HMRC My brother has returned a personal loan to me. This was a loan I had extended to him before moving to the UK. I received approximately £10,000 from my brother and deposited it into my overseas credit card account to avoid mixing it with my UK savings and income. Do I need to declare this amount as income?