HMRC Admin 32 Response

Hi,

Yes. They can be accounted for under the same business or trade. BIM20000 advises that:

"broadly, ‘trade’ can be taken to refer to operations of a commercial kind by which the trader provides to customers for reward some kind of goods or services. The extension of the definition to ‘ventures in the nature of trade’ allows for the inclusion of isolated or speculative transactions, although not all such transactions will be within the definition".

BIM20000 - Meaning of trade

Thank you.

Hi,

The payment from Employer B would be taxable via PAYE when it is paid to you. The money you would have to pay back to Employer A may fall under 'negative earnings' and if it meets the criteria you may be able to claim a repayment of the tax through Self Assessment.

Please see EIM00800 - Employment income: calculation of net taxable earnings - HMRC internal manual - GOV.UK onwards.

EIM00800 - Employment income: calculation of net taxable earnings

Thank you.

Hi,

The residence article between the UK and Greece, is article 2.  For the majority of double taxation agreements that there are with the UK, article 4 covers residency. For Greece and some other countries, it is article 2. Sorry for the confusion.

Thank you.

Hi Sam,

If you do not need to complete a Self Assessment Tax return in the year you leave, all you need to do is submit form P85 no sooner than 8 weeks before your known departure date.  

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

Thank you.

Hi,

Every tax year you can put money into one of each kind of ISA. The tax year runs from 6 April to 5 April. You can save up to £20,000 in one type of account or split the allowance across some or all of the other types.

Individual Savings Accounts (ISAs)

If you have more than 1 ISA of the same type, you can only deposit in one of them, up to a maximum of £20000.

Thank you.

Hi,

Interest ‘arises’ when it is received or made available to the recipient. The interest received on your 6-month fixed term deposit should therefore be reported in your 2023 to 2024 tax return.                         

SAIM2400 - Interest: taxation of interest: the tax charge

Thank you.

Hi,

You will need to contact the department the reference is for so that they can try and trace the application.

Contact HMRC

Thank you.

Hi,

You may be resident under the automatic UK tests if:

• You spent 183 or more days in the UK in the tax year.
• Your only home was in the UK for 91 days or more in a row - and you visited or stayed in it for at least 30 days of the tax year.
• You worked full-time in the UK for any period of 365 days and at least one day of that period was in the tax year you’re checking.                

You may also be resident under the sufficient ties test if you spent a number of days in the UK and you have additional ties to the UK, like work or family.                                                                                                    
If you are still unsure about your residence status, please use the HMRC 'Check Your UK Residence Status' tool.                                  

Which tax year do you want to check your UK residence status for?

Thank you.

Hi,

The current timescale for processing the forms is 4 weeks. You can register for an online account and online filing even if you registered by paper SA1 form. If a paper SA100 is required they will need to request this by contacting our Self Assessment team once they have received the UTR.

Self Assessment: general enquiries

Thank you.

Hi,

1. If no US tax was deducted, completion of the SA106 will not be required.
2. The applicable exchange rate will be the rate for the month in which the sale was completed.                    

HMRC exchange rates for 2023: monthly

Thank you.