HMRC Admin 32 Response

Hi,

No as this would be a normal commute to work as the office space is provided.

Thank you.

Hi,

As it is paid in 2023 to 2024 year, the tax due will be based on your annual income for that year. As paid in April, 40% is correct on those figures.

Thank you.

Hi anbujoe,

The money given as a gift is taxable income and will beed to be declared.

EIM01450 - Employment income: gifts and other voluntary payments

With regards to the property purchase, how you fund the purchase is up to you. You can borrow money from financial providers by way of a mortgage. This is not taxable income.

Thank you.

Hi S Hughes,

The carry forward of unused allowances is only applicable when you have exceeded your annual allowance of £40,000 to reduce any pension savings tax charge that may be due. You can only claim relief on pension contributions in the actual tax year that they are paid and in your case your maximum will be £2880 as a non tax payer. You are correct in that it is not an allowance, but a rleief, and it is as you say a use-it-or-lose-it scenario.

Thank you.

 

Hi,

If you can actually access the funds to withdraw them then the interest is declared in the year it is added.

SAIM2440 - Interest: taxation of interest: when interest arises

Thank you.

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 at GOV.UK will help you work out if split year treatment applies. 

Thank you.

Hi Suresh,

It may be taxable on the remittance basis. see further guidance at:

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

Thank you.

Hi,

You need to be a non UK resident for 5 years to have the full benefits of the QROPS system. If you withdraw funds within these 5 years you are liable to UK tax.

Thank you.

Hi Julia,

I apologise if you are unable to get through. If your estimated income for the employment is updated on the Personal Tax Account and this is not generating a new tax code, you will need to keep trying to get through.

Thank you.

Hi Scott Barrie,

We can not take action regarding your record from this forum as we can not access your record. If you are unhappy with the service that has been provided you can make a complaint using the below link.

Complain about HMRC

Thank you.