HMRC Admin 32 Response

Hi,

It would be rounded up. 

Thank you.

Hi,

Your mutual fund provider would be in a postion to advise you whether it is a reporting fund or non reporting fund.  

Please also have a look at:

Approved offshore reporting funds

Thank you.

Hi,

Please refer to:

Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009

You will then need to select the forward arrow in the red box at the top to move on to later years.

Thank you.

Hi,

This would need to be confirmed by the Trust office. You can contact them on 0300 123 1072

Thank you.

Hi,

No. Article 18 of the UK / Singapore tax treaty states that sums payable to an individual periodically at stated times, are taxable in the UK.  
The 2012 tax treaty amendment, is effective in the UK from 1 April 2013. 

1997 Singapore - UK DTA as amended by the 2012 Protocol

Thank you.

Hi,

To answer this query you will need to contact the Future Pension Service for advice.

Contact the Future Pension Centre

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,

Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.  
For your convenience, there are exchange rates at:

The National Archives: Exchange rates from HMRC in CSV and XML format

For older rates at:

The National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009

You are free to use any of the supplied rates or one of your own choosing.

Thank you.

Hi,

The statutory residence tests will determine whether an individual is non-resident.  If the tie breaker deems them to be non-resident in the UK for tax purposes, then they take that position.  

The residence test of another country would need to be considered, for them to be resident in another country.  it's not for HMRC to decide that.

Thank you.

Hi,

You can report the income and capital gains in a Self Assessment Tax Return or in writing. Have a look at this tool, to determine whether you need to daclare the income on a tax return.  

Check if you need to send a Self Assessment tax return

To write to HMRC, please send your letter to:

H.M. Revenue and Customs Pay As You Earn
BX9 1AS

Thank you.