HMRC Admin 19 Response
-
RE: Self assessment and joint bank accounts
Hi,
As long as the income generated from your flat is declared solely on your return, this should be fine.
Thank you. -
RE: UK tax residence for civil servants posted abroad
Hi Mike Layong,
No, it is only your crown servant salary, paid by the UK government that remains taxable in the UK, as well as subject to National Insurance, regardless of your residence status. For all other reasons, you would be considered not resident. You can see guidance here:
Tax for crown servants, EU employees and volunteer workers abroad
Thank you. -
RE: Pension contribution
-
RE: Employment or Self employment?
Hi,
You will need to confirm if you your service contract is a contract of employment or whether it is an agreement allowing you to provide a service to your client. You can use the tool below to help you determine if you are employed or self employed:
Check employment status for tax
Foreign employment income is declared on SA102 and foreign self employment income on SA103. If you are required to pay foreign tax on either source of income, this is declared on SA106 and a foreign tax credit claimed.
Thank you. -
RE: ISA Transfers and new ISAs
Hi Awyatt62 Wyatt,
This is a matter between the ISA providers and not one that can be answered on this forum.
Thank you. -
RE: Foreign Interest income
Hi,
You only need to include whole pounds on the tax return, so you should round up or down to the whole pound in your favour.
Thank you. -
RE: Benefit in kind, taxed twice
Hi,
If your employer has payrolled your medical and dental insurance, you do not need to declare these benefits on your return.
If you filed your return through your personal tax account, you can reopen your return and remove the amounts declared.
Thank you. -
RE: Is capital gain on sale of US home before Apr. 6 subject to UK tax if move to UK after Apr. 6?
Hi,
No, you would not be UK tax resident in the tax year in which you disposed of the property, so UK capital gains rules would not apply. You would not be required to declare the disposal in the UK.
Thank you. -
RE: US Government Bond Taxation
Hi,
The difference between T-bills and US government bonds is not relevant in the UK. They fall under the same umbrella of 'government securities'. The term ‘security’ is not defined in the legislation. It may be taken to have a broad meaning comparable to the definition in TCGA/S132 (3)(b). You can see information here:
CG53420 - Securities: debts: definition of debt on a security
Please have a look at the guidance at SAIM3010 onwards which includes the meaning of 'deeply discounted securities':
SAIM3010 - Deeply discounted securities
The following guidance has information for securites that are not deeply discounted:
SAIM2230 - Interest: specific inclusions: discounts: taxation
The difference is treated as interest in either case.
We can only provide general information and guidance on this forum. For an answer to a detailed question of this nature, you would need to seek professional advice.
Thank you. -
RE: Letter Returned
Hi,
If your letter has been returned, we may need more detail to confirm where to send your response. Please contact our Income Tax team to allow us to advise you further.
Income Tax: general enquiries
Thank you.