HMRC Admin 32 Response

Hi,

If the employment has ended the employer should issue a P45 to you and update HMRC to advise it has ended. If you have signed up for the Personal Tax Account you can update your estimated income for the year. Once this is updated the underpayment would be removed as you would be in the basic rate tax band rather than higher rate.

Personal tax account: sign in or set up

Thank you.

Hi,

Once you have calculated the gain and deducted private residence relief, if there is still a gain, You can report this by creating a capital gains account at:

Report and pay your Capital Gains Tax

If you cannot do this online, you can downoad a paper copy of the capital gains return at:

Report Capital Gains Tax on UK property

Thank you.

Hi,

As you are resident in Ireland and you receive non UK dividends, you will not be taxable on those dividends in the UK, even if you transfer the dividend to a UK bank account. As for declaring the dividends in Ireland, you would need to contact the Irish tax and customs authority, as you will most likely be liable to pay tax on the dividens there, regardless of where the bank account is that you send the divident to.

Thank you.

Hi,

For Income and Capital Gains Tax purposes, there are two types of ownership, legal ownership (TSEM9120) and beneficial ownership (TSEM9130).  

TSEM9120 - Ownership and income tax: legal background: ownership - legal owner

TSEM9130 - Ownership and income tax: legal background: ownership - beneficial owner

The beneficial owner is the person for whose benefit the property is held. It is distinguished from the person in whose name the property is held (the legal owner). The person chargeable is normally the beneficial owner of the asset which has been disposed of. The same person may be both legal owner and beneficial owner of the property, but there can be a separation of the two.

Thank you.

Hi H@VPA,

The exchange rates provided by HMRC, can be found at:

Exchange rates from HMRC in CSV and XML format

For older exchange rates please see

The National Archives - Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009

The exchange rate is not set in stone, which is why you have a choice. Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.

Thank you.

Hi,

For issues with the online verifcation The only way to contact them is by using the 'get help with this page' or similar link on the page when you are advised the information is incorrect. With regard to the refund you would write to the address shown here.

Income Tax: general enquiries

Thank you.

Hi,

You do not need to register for self assessment for this one off source of self employment. All you would need to do is write to HM Revenue and Customs BX9 1AS and declare the income, so that tax may be charged against.

Thank you.

Hi,

We don't have access to the calculator that the online system uses to estimate the State Pension amount. After the return has been filed they can contact our Self Assessment team and we can review the figure that has been calculated.

Self Assessment: general enquiries

Thank you.

Hi,

You are correct this would be criteria for a return. Once the return has been filed she can use the online criteria checker for the next year and this has an online form at the end to request removal from Self Assessment.

Income Tax: general enquiries

Thank you.

Hi sb3502,

The guidance on the term 'conderation' can be found at:

CG14500 - Consideration for disposal: meaning of consideration

For assets acquired or sold for currency, CG78310 gives HMRC position. 

CG78310 - Foreign currency: assets acquired or sold for currency

Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal, which is why there are several alternatives provided at:

HMRC exchange rates for 2023: monthly

Thank you.