HMRC Admin 32
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RE: Reporting savings interest
Hi,
If you are not UK resident but have income from UK savings and investments, chargeable events or PPI interest of £10000 or more, then a tax return is required. As there are other sources of UK income that mean a tax return is required, you should check your personal circumstances by completing the self assessment criteria tool at:
Check if you need to send a Self Assessment tax return
Thank you. -
RE: Do I need to submit self assessment?
Hi,
If you had no income or capital gains arising from overseas, in the period before moving to the UK and have had no income from overseas or the UK, while resident in the UK, tax returns will not be required.
Thank you. -
RE: Capital gains tax on shares
Hi,
If you gains, minus losses in the tax year, keeps you below the annual exempt allowance for that year, then there is no requirement to declare the gains or the losses.
Tax when you sell shares
Any losses that you wish to carry forward to a future tax year must either be declared in a Self Assessment Tax Return, where a tax return is required or in writing. In both situations, supporting evidence of the gains and losses should be included.
Thank you. -
RE: Sole Trader and PAYE
Hi,
A resident of the UK is taxable on their world-wide income. A Self Assessment Tax Return is used to declare your world-wide income and tax deducted, in one calculation.
The tax return has different sections for different types of income and capital gains. A paper tax return is made up of SA100 and several supplementary pages.
Self Assessment tax return forms
There are several type of income that prevent the use of the online tax return. In those situation, it is possible to purchase a commercial tax return, provided you have a Government Gateway user ID and password. Have a look at below for more information.
Self Assessment tax returns
Thank you. -
RE: income from investment funds domiciled in Ireland
Hi,
Please have a look at the guidance of onverseas trusts at below, as we can only provide general information.
Non-resident trusts
For more information you should contact the trust helpline on 0300 123 1072.
Thank you. -
RE: I want to send back money from UK to my family in Vietnam
Hi,
You can do this without the need to declare it to HMRC.
Thank you. -
RE: Carry Forward Pension HMRC calculator and own calculations - no match
Hi,
When working out your unused annual allowance to carry forward, you do not include the payments made by your employer, you only count payment you have made.
Please have a look at the examples at:
PTM055100 - Annual allowance: carry forward: The carry forward rule - general
Thank you.