HMRC Admin 32 Response
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RE: Do SIPP contributions change your tax band, meaning I won't get higher/additional relief?
Hi,
As your contribution to your pension is more than your income in the higher rate taxband you would not received relief on all the contributions at higher rate.
If you contact HMRC we can check your record.
Income Tax: general enquiries
Thank you. -
RE: Tax refund for retrospective marriage allowance claim - how long to receive it?
Hi,
You would need to contact HMRC to check how the repayment is being issued.
Income Tax: general enquiries
Thank you. -
RE: Invested in US Treasury Bonds through a UK securities brokerage firm
Hi,
US government bonds, sometimes known as T-bills or treasury bills are generally taxed as income rather than capital gains.
In the UK, these are known as deeply discounted securities (DDS), with the discount being the difference between the price at which they were issued and the price received at maturity.
On a foreign investment the income is the difference between the purchase and redemption price after each has been converted to sterling on the day the transactions took place, so includes any foreign exchange gains. Losses cannot be deducted.
UK gains from DDS SA101 go in box 3 and foreign gains from in box 41 of SA106 and claim FTCR box 2.
Purchasing US treasury bonds vis a UK broker is still treated as foreign income and is declared in SA106.
Thank you. -
RE: HMRC Estimated Income
Hi Martin,
You can check if you meet Self Assessment criteria at:
Check if you need to send a Self Assessment tax return
If you do not then you can contact HMRC to review.
Income Tax: general enquiries
Thank you. -
RE: Received Self Assessment Statement - Not able to understand
Hi,
We would need to access your record to review. You can contact our Self Assessment team below.
Self Assessment: general enquiries
Thank you. -
RE: Tax Relief for Remote Worker
Hi,
Please have a look at the guidance at:
EIM32170 - Travel expenses: travel for necessary attendance: employees who work at home
It advises that travel between an employee’s home and a permanent workplace is “ordinary commuting” and the expenses of such journeys do not qualify for a deduction under the ‘necessary attendance’ test.
Thank you. -
RE: Pension contribution allowance and end of tax year
Hi,
You would use the HMRC guidance to identify the tax year that the payments were made in and you would claim tax relief on those payments for that tax year.
Thank you.