HMRC Admin 2

Hi,

If the payments are not subject to tax or capital gains due to the type of scheme, then no, you do not need to enter these anywhere on your return. 

Thank you.

Hi,

If your dividends are less than £300 you can enter the details in the dividend section of the return.  

If you sold shares and suffered a loss, you can report these in the capital gains section of the return. You will not be liable to pay any tax on the loss, but can then use the loss to offset against any future gains you do become taxable on. 

Thank you.

Hi,

You will need to refer to article 7 of the tax treaty between UK and Australia to determine the taxation of your business profits:

UK/ Australia Double Taxation Convention

Thank you.

 

Hi,

Under Article 17 of the DTA with USA you would get full relief from US tax if cash in the pension for a Trivial Commutation Payment so will not have to pay US tax on it but declare and pay tax in UK.

If you cash in the pension under the Pension Freedom Lump Sum then you will pay US tax but have to report the pension to UK in foreign pension section and claim foreign tax credit relief for the US tax paid.

Thank you.

Hi,

You can find guidance regarding trading in cryptoassets and tax treatment here:

Cryptoassets: tax for individuals

If you have further questions, please contact us to speak to an adviser:

Self Assessment: general enquiries

Thank you.

Hi,

When you are in the tailor your return section and answer yes to the self employment question, you will then say that you had 2 self employments. You then keep both details separate and enter in each section which comes up later.

If you then take up employment also, you will add in an employment section in your relevant return. 

Thank you.

Hi,

Basically when you are using cash basis you cannot claim for anything under capital allowances, except for capital expenditure on a car.  

Everything else which is allowable will be claimed in the normal expenses section of the self employment pages.  

You should always enter your total income and then the amount of the allowable expenses, this will then deduct this amount from your income leaving you with a profit, or loss. 

Thank you.

Hi,

When you have income from employment in another country, this is regarded as employment income and must be recorded in the employment section.  

In tailor your return where it asks if you were an employee, you say yes. In the employment section you enter only the amount of income earned in Greece, no tax, reference 000/none and the name of the employer.  

You are then using the foreign section to claim tax credit relief against the amount of income already taxed.  

If you add the employment section in and enter the details as stated, you will then be able to save and move on. 

Thank you.

Hi,

If you are living in Spain and working for the UK employer from Spain, then you will need to complete a P85 to tell HMRC when you left and became tax resident in Spain, so we stop taxing you in the UK.

Get your Income Tax right if you're leaving the UK

Thank you.

Hi,

Making a ‘non-transit’ (standard) export declaration from GB to the ROI from 01/01/2021 will be possible.

However, the second part of your enquiry concerns import and clearance procedures in the ROI, and is therefore not something HMRC can provide advice on.

You are respectfully advised to contact the customs authority in the ROI for guidance in this respect.

Thank you.