HMRC Admin 30
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Re: Self-employed - NI, tax and invoicing foreign clients
Hi,
1. Yes you can claim the £1000 trading allowance if not claiming any other allowances. 2. No NI would be due. 3. Tax would be at 20% on any profit if you are a basic rate taxpayer. 4. We cannot advise you on how to do your invoices and accounting. you must however declare the income in sterling. 5. That is correct
Thank you. -
RE: Foreign interest and dividends
Hi,
You will need to reply to the letter that you received with the information of the income received each year as charges may be due for non disclosure.
Thank you. -
Re: Personal Allowance
Hi,
That is correct.
Thank you.
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RE: HMRC not answering phones, 3rd day and cannot get through to speak on their help line
Hi Louisa Rolfe,
If the payment hasn't been taken, please contact our Self Assessment payment team who can check the position regarding the payment.
The number to call is 0300 200 3822.
Thank you.
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RE: Saving account interest from Indian bank account(NRE)
Hi,
You can only claim 15% relief on the tax actually paid, after you were refunded the tax on interest.
Thank you. -
Re: US Stock - Date of purchase
Hi,
Please refer to guidance here:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
Thank you. -
RE: Transfer of Swiss Pension
Hi RomeoBravo,
That is correct
Thank you. -
RE: HMRC cheque for tax refund
Hi,
We would not need a copy of the cheque, in your letter if you confirm your personal details along with the National Insurance Number, and the amount that the cheque was for.
Thank you. -
RE: Tax refund to Agen
Hi,
If we have issued the repayment to Brooksdale, we will have received a document authorising the repayment to be sent to them.
If you contact us we can send a copy of the document we received
Income Tax: general enquiries
Thank you. -
RE: Gift tax for cash gift from overseas
Hi,
You will need to determine how the trust are paying you this income, as a gift or a beneficiary.
You can see guidance here regarding trust income and tax:
Trusts and taxes
Thank you.