HMRC Admin 19 Response
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RE: Calculating Net Adjusted Income for Child Benefit High Income Tax Charge
Hi,
As we would need to clarify a few facts about your query, you will need to contact our Income Tax team for advice.
Income Tax: general enquiries
Thank you -
RE: Self-employed income below £1000 only after subtracting expenses, Do I need to declare?
Hi,
Yes, as the actual turnover is over £1000 you need to declare this.
Thank you -
RE: Capital Gains Tax ( Apply for BNO visa is being approved soon, plan visit relatives on 2024)
Hi,
HMRC cannot comment on future events as legislation, and, or plans may change.
Thank you. -
RE: Seeking Clarification on Tax Implications as a Remote Worker Moving to London
Hi,
You can see guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. -
RE: Digital Nomad Visa for Spain and paying UK tax
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RE: No UTR
Hi,
If you have stil not received your UTR and passed the date that it should have been allocated then you will need to contact our Self Assessment team to review.
Self Assessment: general enquiries
Thank you. -
RE: Transfer Endowment Policy to ISA
Hi,
No, this would be seen as you making a deposit, and if you have already paid in the maximum of £20,000 for the tax year you cannot exceed this.
Thank you. -
RE: selling on ebay
Hi Shahlana Naserlouei,
You can see guidance here:
Selling online and paying taxes - information sheet
Income needs to be declared in the tax year that it is earned, so anything earned up to 5 April 2023 will now need to be declared.
Thank you. -
RE: Profit from sale of shares in foreign account
Hi,- For 2023 to 2024, if the gain is below the annual exempt amount of £6000, or below a disposal of £24,000 then you do not need to declare this.
- If over either of these, the details will be shown on the capital gains section of the tax return. If tax has been paid abroad on the gain, you then also include it at the foreign section and claim Foreign Tax Credit Rrelief.
- If you are UK resident and domiciled, you need to declare your worldwide income whether you transfer the funds to the UK or not.
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RE: Payments on Account
Hi,- As a calculation, this will show how the balance for the tax year has been calculated but does not take into account the payments made to your account which are shown on your statement. Once you submit your tax return your statement will be updated to allocate the payments made against the balance due with any difference then being due for payment.
- If you have a payment plan in place but now have a credit then you would need to contact our debt management team to review this for you. Payment problems