HMRC Admin 19 Response

Hi,

The first 10000 miles at 45p will cover both vehicles, as the business mileage overall is 16000 miles.

Thank you.

Hi,

If you were not UK resident in the tax year in which the property was disposed of, then you do not need to report the disposal to HMRC.

If you were resident in the UK in the tax year in which the property was disposed of, then you will need to declare the disposal in a Self Assessment tax return. You will need to work out if there was a capital gain, using UK rules, which can be found here:

Capital Gains Tax

Thank you.

Hi,

If your employer provides this benefit to you, then yes, it is taxable. If you are paying for this yourself, then no, it is not taxable.

Thank you.

Hi,

This question is for individuals who will be employed and not self employed. The follow up questions would relate to that employer. For this reason, you would tick 'no'.

Thank you.

Hi,

The income received in the tax year 1 January to 31 December in the US, is treated as being the income received 6 April to 5 April. This means you do not need to apportion to try and match the UK tax year.  

Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate. For your convenience, there are exchange rates here:

Exchange rates from HMRC in CSV and XML format

You can see older rates here:

Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009

You are free to use any of the supplied rates or one of your own choosing. 

Thank you.

Hi,

The threshold for declaring the interest in a tax return is £10000. As you are below this threshold and you do not meet any other criteria for completing a tax return, a letter confirming the interest and the accounts it came from is sufficient. If you do meet the criteria for completing a tax return, then this interest must also be included.

Thank you.