HMRC Admin 19 Response
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RE: Receiving donations to charity into personal PayPal - taxable?
Hi,
You can see guidance here:
Fundraising events: exemption for charities and other qualifying bodies
Thank you. -
RE: Should I file self assessment?
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RE: Becoming a UK tax resident at the end of the tax year
Hi Yevhen,
HMRC cannot advise you on your residence status as this needs to be determined by you using the guidance available here:
RDRM12000 - Residence: The SRT: Split year treatment
Thank you. -
RE: Foreign Tax Credit Relief claim
Hi,
Under the terms of the double taxation treaty with Hong Kong, income derived from employment carried out in Hong Kong is only taxable there. As the holiday pay is considered as being on Hong Kong soil then the income is not taxable in the UK.
Thank you. -
RE: Wrongly being taxed for foregin interest income less than £2k on HMRC's Self Assesment portal
Hi,
If opting for the arising basis, you are taxed on your worldwide income whether remited or not. The foreign interest is correctly included as taxable income. This is then covered by your personal savings allowance so further down the calculation you will see that the tax rate applied to this income is 0%.
Thank you. -
RE: I owe student loan on 2022/2023 tax year but have paid it all off in 2023/24
Hi,
If you submitted online, you can go back into your account to amend it. If not, you will need to claim in writing.
Thank you. -
RE: EIS Double claim
Hi,
Yes, send them by post to:
HMRC,
PAYE & Self Assessment.
BX9 1AS
Ensure you complete the forms for the year you want the relief to apply and we can check to see if already granted.
Thank you. -
RE: K Tax Code on main income - Self Assessment
Hi,
It depends on what has generated the K code. If it is in relation to company benefits or a state pension then these deductions must remain in the code.
If it is for something else, you can ask for these to be removed. In the tax return there is a question that asks if you have not paid enough tax and you put an X in the box so that its not coded.
Thank you. -
RE: Sale of a gifted property and sale of shares to creat a loss in the same tax year
Hi,
If the sale of the shares is after the sale of the property, then no, as they have not actually arisen at the time of disposal. This would then be reflected in the tax return for you to then get a refund.
Thank you. -
RE: UK Company Pension but living abroad - How to register for a tax code for lump sum withrdawls
Hi,
No, the pension has to be in payment before a code can be issued and payments are notified only when the pension has been taken so tax is already deducted,
Thank you.