HMRC Admin 32 Response

Hi,

You can contact us by webchat by clicking 'Ask HMRC online'

Self Assessment: general enquiries

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Hi kec,
If it is only UK interest that you receive and under £10,000 then no tax return is required. Foreign income needs to be declared.
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Hi,

If you are the nominated partner, you can do this by contacting our Self Assessment team by clicking 'Ask HMRC online' or writing to us.

Self Assessment: general enquiries

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Hi,

It dpeends on whether you are preparing your accounta under the cash basis or traditional accounting.

See further guidance below and associated links.

Cash basis

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Hi,

UK/US citizens resident in the UK are taxable on their IRA interest in the UK. IRA's are treated differently from Roth IRA's, in that they are taxable in the UK under foreign interest.  

The gross interest would be declared in the Self Assessment Tax Return, using the supplementary page SA106.  

The interest would be treated in the same way as UK interest and attract that starting rate of £5000.00.  

Have a look at Tax on savings interest

DT19852 implies that tax is not payable in the USA on this interest.

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Hi,

You can only do this is if it is related to the job you are sponsored for.

Skilled Worker visa

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Hi Sarah,

The figure on the P45 is the taxable figure and is the one you should use.

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Hi,

Usually you can access the 'Personal Tax Account' from multiple IDs but only access Self Assessment from one. Normally when you access Self Assessment from the non linked account, you would get the message to say there is another login but this doesn't usually happen the other way around.

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Hi,

Yes you will be liable to Capital Gains on this. See guidance at:

Report and pay your Capital Gains Tax

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Hi,

You can contact our Self Assessment team by webchat by click on 'Ask HMRC online'

Self Assessment: general enquiries

Thank you.