HMRC Admin 32 Response
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RE: Declaring Share disposals on losses if above exemption threshold for disposals.
Hi,- It is the total.
- You need to report them all.
- Please refer to:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
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RE: Accidental ISA Exceed - next steps?
Hi,
Any excess over the ISA limit will not have the protection and any interest will be classed as taxable income. Also as a non resident you cannot pay into an ISA so any interest earned in this period will also not be exempt. You can contact us with details to tell you if any tax is due to be paid.
Thank you. -
RE: Where in Self Assessment to report foreign income from an offshore ETF
Hi,
This would be foreign dividends and if filing online you will need to tailor your return to state you have foreign income. relief may also be available for the tax paid in Canada.
Relief for foreign tax paid (Self Assessment helpsheet HS263)
Thank you. -
RE: Tax on Savings Interest
Hi MrMagoo
The savings rate would still apply as long as you still meet the conditions required.
Thank you. -
RE: Double counting for outstanding tax from a previous year paid through this year's tax code
Hi,
As an underpayment was collected in your 2023 to 2024 tax code then this needs to be included in your tax return. You will not have to pay the underpayment again as on the tax return you declare the tax deducted at source and will receive the credit for the tax dedcuted to collect the underpayment.
Thank you. -
RE: Locked out of my Gateway account due to technical error
Hi,
Apologies if you are having issues accessing your online account. We do not have access to your records on this forum.
For assistance you would need to contact the online helpdesk.
Technical support with HMRC online services
Thank you. -
RE: Online webchat never available
Hi,
I'm sorry to hear that you haven't been able to talk to anyone on our Webchat service yet. While advisors may not be immediately available, our webchat and telephony services are always manned during the opening hours given on GOV.UK.
As an alternative, you can find our postal address using the link below.
Income Tax: general enquiries
Thank you. -
RE: Professional fees
Hi,
You should be able to enter the figure for your professional feesby selecting 'yes' under ' Do you wish to claim any employment expenses or capital allowances while working for (your employer)?' on your PAYE employment income page.
Alternatively, contact r Self Assessment team via link below and we can update your return.
Self Assessment: general enquiries
Thank you. -
RE: Tax on Savings Interest
Hi Olive,
If you only receive bank interest from Jersey, and do not receive any UK employment, pensions or savings income, you would not need to file a Self Assessment or report your income to us, as Jersey is not a part of the UK.
Thank you. -
RE: Tax on Savings Interest
Hi Chris,
So long as your pension income does not exceed your £12,570 allowance, the remainder of this allowance (after your pension income), plus the £5000 personal savings allowance, plus £1000 starting rate for savings, can be applied to your savings interest. So, in your case, you can receive £11,000 savings interest tax free.
Tax on savings interest
Thank you.