HMRC Admin 19 Response

Hi,

You can see an example here:

HS284 Example 3 2023

Thank you.

Hi NotTheRealMrT,

You change it to £1 and add a further £1 to your costs to show that £0 has been made.

Thank you.

Hi,

You will include the total income that is paid to you, and for any sales tax deducted you would include this as an expense.

For the exchange rate, you can use any of the spot rates on the HMRC site to your advantage.

Exchange rates from HMRC in CSV and XML format

Thank you.

Hi tbproperty1 burton,

As the work is not actually carried out in the UK this is not UK income. As you are not a UK resident there is no requirement to file a return.

Thank you.

Hi,

Expenses need to be wholly, necessarily and exclusively related to the performance of your duties. Car wash costs do not meet this criteria as they are not wholly necessary and as such no relief is due.

Thank you.

Hi,

Yes, capital gains may be due as this would be seen as a sale. You can see guidance here:

Capital Gains Tax: what you pay it on, rates and allowances

There is no tax implications for your parents.

Thank you.

Hi,

HMRC cannot advise you on this as your residence is for you to determine based on the guidace available.

Thank you.

Hi,

There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to Income Tax. You can see guidance here:

Tax on savings interest

Tax on dividends

You can see information on penalties here:

Self Assessment tax returns

Thank you.

Hi,

Under the terms of the double taxation treaty, payment for employment carried out in Hong Kong is only taxable there and does not need to be declared in the UK.

Due to the date of arrival in the UK, a return is not required.

Thank you

Hi,

Yes, you will show these as payments to your company pension for further relief to be given now that your total income is in the higher rate bracket.

Thank you.