HMRC Admin 32 Response

Hi,

For the registraton no. when you come to file the return though, you will need to use 3rd party software as you need to complete the residence section and this is not compatible with HMRC software.

Self Assessment commercial software suppliers

Thank you.

Hi,

Yes, as this would be seen as repairs and maintenance and claimed under this category.

Thank you.

Hi,

The split year would commence from the date you arrived in the UK.

Thank you.

Hi,

You will not have to pay Capital Gains Tax on any gains you make on your shares if you move them to an ISA. You can transfer up to £20000 of employee shares int a stocks and shares isa, if you have shares in a save as you earn scheme (SAYE) or share incentive plan (SIP) within 90 days of when you took your shares out of your SIP or SAYE.  

Any remaining shares that cannot be placed in the ISA, will be subject to Capital Gains Tax. The 2023 to 2024 annual exempt allowance is £6000.  The gains would be calculated from the disposal value minus the acquisition costs and disposal costs.

Thank you.

Hi C CYK,

Helpsheet HS321 (2023) advises that most foreign policies are non qualifying policies, that normally give rise to a gain and is subject to Income Tax. Payments from qualifying policies, would not be taxable and do not need to be reported.  

HS321 Gains on foreign life insurance policies (2023)

Thank you.

Hi Rose39,

If you contact the Income Tax team, we will be able to contact our Student Loans Unit who can discuss this with you.

Income Tax: general enquiries

Thank you.

 

Hi,

Please have a look at helpsheet HS380 for completing partnership tax returns for non resident partners.

Completing Partnership Tax Returns for partners non-residence in, or domicile outside, the UK (Self Assessment helpsheet HS380)

If all the partners are non resident they will still need to complete a return if there are any profits arising/derived in the UK. We often send SA768 for confirmation and they need to be able to say yes to every question before we can agree that they don't need to complete returns. Please see: 

PM287000 - UK registered partnership with no UK source income or gain

You have suggested there is no trading/base of operations in the UK and in that case we wont you to do returns.  

If you have any UK sources of income, offices etc then you will need to complete partnership returns as normal.

PM284000 - Where are the profits earned?

If they need to complete them Partnership returns cant be done online unless they have commercial software.

File your Self Assessment tax return online

If they don't, you will need to submit paper returns. If necessary you can go to link below to download them.

Self Assessment: Partnership Tax Return (SA800)

Re the years you weren't registered, again it will depend on whether you traded in the uk etc and if any profits were derived in the uk and profits shared then it would need to be declared. You might be better contacting our Self Assessment team directly so we can discuss and look at the actual partnership record.  

Self Assessment: general enquiries

Thank you.

Hi,

You would need to discuss with your employer when you make the claim with them. For HMRC the expenses claim would be at the tax year end. 

Thank you.

Hi,

We would advise contacting the Customs and International trade team if you have any other issues with your query.

Imports and exports: general enquiries

Thank you.

Hi,

You are correct in your thinking, a P46 car is only to be used to tell HMRC of changes to a company car in the current tax year.

If a new car was provided and a P46 car was not submitted at the time or in the tax year of change, the P11D submission following the end of the tax year will capture the changes and allow HMRC to update the employee record with the nex car. This may of course lead to an incorrect amount of income tax having been paid by the employee during the year in which the change took place.

Upon receipt of the P11D the Personal Tax records will carry out a reconciliation on earnings and benefits provided, based on the P11d & P60, and anomalies with tax will be notified to the employee. 

Thank you.