HMRC Admin 32 Response

Hi,

Please refer to guidance at:

Tax on foreign income

Thank you.

Hi,

When declaring income and gains in a Self Assessment Tax Return, the figures declare are in whole pounds only. You can round up or down to a whole pound in your favour. You would not need to declare £0.10 as you can round this down to £0.00.  

If you meet the critieria form split year treatment, you will need to register for self assessment to claim split year treatment. Otherwise, you would need to declare your world-wide income for the whole tax year which a tax return would also be required. Have a look at section 9 of RDR1, regarding the remittance basis and small amounts of foreign income.

Residence, domicile and the remittance basis: RDR1

Thank you.

Hi,

This is not information held by HMRC. The London stock exchange may be able to help.

Thank you.

Hi,

You can use the rented address as your business address. You can contact HMRC to correct your name or do this in your personal tax account.

Thank you.

Hi,

Yes, you need to register for Self Assessment and declare this income as self employed sole trader. Please refer to.

Tax on foreign income

Expenses if you're self-employed

Thank you.

Hi,

No, as under the terms of the double taxation treaty, income for work carried out on Hong Kong soil is only taxable there.

Thank you.

Hi,

Based on the limited information, it is capital gains and is on the gain only.

Capital Gains Tax: what you pay it on, rates and allowances

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Hi,

If you qualify for split year then you only report any foreign income for the UK part of the year.

RDRM12000 - Residence: The SRT: Split year treatment

If you do not qualify then you will need to report all your foreign income to the UK.

Tax on foreign income

The guidance at RDRM12150 will help you work out if split year treatment applies. 

RDRM12150 - Residence: The SRT: Split year treatment

Thank you.

Hi ERIC LAW,

Under the terms of the double taxation treaty, this income is not taxable in the UK and you do not need to declare it. 

Thank you.

Hi,

Please refer to:

Paying tax on the remittance basis (Self Assessment helpsheet HS264)

There is no actual declaration form to complete at the time of arrival to show your wealth to HMRC. This may be required by other government bodies to show that you can financially support yourself without any UK government subsidies.

Thank you.