HMRC Admin 32 Response
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RE: Applying Digital Nomad Scheme but still PAYE employee
Hi,
This depends on what you class as your residence status.
See guidance at:
Tax on your UK income if you live abroad
Thank you. -
RE: Transfer from SAYE into an ISA
Hi,
The guidance at below advises that you will not pay capital gains tax if you transfer the shares to and ISA withing 90 days of the scheme ending.
Tax and Employee Share Schemes
If you do not transfer your shares to a pension immediately when the scheme ends, you can still transfer them up to 90 days later. You may have to pay Capital Gains Tax if they go up in value between when you buy them and when you transfer them.
Thank you. -
RE: Remittance basis and arising basis
Hi,
The Mandatory Provident Fund (MPF) is not taxable in the UK and does not need to be reported to HMRC.
Thank you. -
RE: Cash gift from parents outside UK
Hi Aurelie,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you. -
RE: Am I eligible for the Marriage Allowance?
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RE: Cash gift from parents outside UK
Hi Gary,
You will need to consult your bank to ascertain what evidence they require.
Thank you. -
RE: UK.GOV Account "The details entered don't match our records "
Hi,
If you need to ensure that your details are correct you will need to contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: Tax on interest on long term fixed rate bond
Hi tricky,
If the interest is added to a different account that you can then access then this would be declared annually.
Yes, banks and building societies notify HMRC annually of interest received.
Thank you. -
RE: UK.GOV Account "The details entered don't match our records "
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RE: Money transfer
Hi Bryan Lee,
If you are taxable on the remittance basis, you continue to be liable to UK tax on any remittances (amounts) of foreign income and gains that you remit to the UK. The transfer of money from an overseas bank account to a UK account would fall into the 'remittance to the UK' category.
Remittance basis 2021 (HS264)
Thank you.