HMRC Admin 19 Response
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RE: Left UK in 2023- P85
Hi,
You do not need to submit a P85 if you are submitting a tax return.
If your gross turnover from self employment exceeded £1000, then you are required to complete at tax return for tax year 2022 to 2023. The tool below will let you know if a tax return for 2023 to 2024 tax year is also required.
Check if you need to send a Self Assessment tax return
Thank you. -
RE: How does the CGT raise affect realized capital loss before 30 Oct?
Hi,
For this example, your in year losses would cover the gain so no CGT tax is due. In year losses must be used first even if it means you lose out on the annual exempt amount. Previous year's losses, or any unused in year losses, can be carried forward and used when required.
Thank you. -
RE: Closing a foreign company and taxes for a non dom
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
We can only signpost guidance for you to make an informed decision. You can see guidance here:
CG57800 - Capital distributions
Remittance basis 2024 (HS264)
You may wish to contact our Self Assesment team or seek professional advice.
Self Assessment: general enquiries
Thank you.
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RE: HM Revue & Customs Starter checklist
Hi,
You can provide a temporary address on the form if you do not currently have a permanent address. Once you have a permanent address you can update this online on the personal tax account.
Personal tax account: sign in or set up
Thank you. -
RE: Pension Income
Hi,
If the lump sum element is tax free then you do not need to declare this, pension providers will notify us automatically of any pension payments with PAYE tax deducted therefore there is nothing you need to do.
You can ensure we have received information on the taxable element of the pension payment by logging into your personal tax account.
Personal tax account: sign in or set up
Thank you. -
RE: Wrong income for a tax year
Hi,
We are provided the pay information from your employer, so in the first instance you should question any incorrect pay figures on your P60's with them.
As it is not possible to check individual tax records through this forum,which this query will require, you will need to contact our Income Tax team for advice.
Income Tax: general enquiries
Thank you. -
RE: Change of tax code now on state pension
Hi,
Unfortunately, it is not possible to deduct tax from the State Pension at source even though it is taxable, as it is paid direct by the DWP to yourself gross. If any tax is due on it, we would adjust your PAYE tax code against any other taxable source of income to collect it at source. Unfortunatley, in some circumstances the PAYE income is not enough to collect what is due, and a simple assessment is created.
It maybe worth contacting our Income Tax team to discuss what tax code is in operation and what tax is being collected.
Income Tax: general enquiries
Thank you. -
RE: Company Submitted Incorrect Income.
Hi,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our Income Tax team:
Income Tax: general enquiries
Thank you. -
RE: My previous employer has still reported earnings
Hi,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our Income Tax team:
Income Tax: general enquiries
Thank you. -
RE: Hong Kong resident and UK savings interest
Hi,
If the statutory residence test confirms that you are not UK tax resident for the whole tax year, you only declare your UK income for the whole tax year and your worldwide income, from the date you arrived in the UK.
Article 11 of the tax treay applies to interest and states 'may be' taxed in that other party. That phrase allows both countries to tax the interest. You would claim a credit in Hong Kong for any tax deducted against your UK interest.
Hong Kong: tax treaties
Thank you.