HMRC Admin 19 Response

Hi,

You need to allow 72 hours for the system to update.

Thank you.

Hi Shivan Gupta,

Under the UK-India Double Tax Convention, NRE account interest taxable in the UK can receive credit not exceeding 15% for Indian tax even if this has not been paid.

UK tax relief not exceeding 15% is available for ten years from the opening date of the NRE account per Article 24(5) UK-India Double Tax Convention.

UK/India Double Taxation Convention  

NRE interest income should be declared within an in individuals UK self-assessment return. 

Thank you.

Hi,

As long as you receive no income, then a tax return will not be required.

Thank you.

Hi,

Although NRE interest income is not taxable in India, NRE interest income has often been mistaken as non taxable in the UK, this is incorrect. UK tax residents are subject to UK taxation on their worldwide income and gains subject to any remittance basis claims. 

Under the UK-India Double Tax Convention, NRE account interest taxable in the UK can receive credit for Indian tax even if this has not been paid, as the credit relief amount is calculated through the tax spared mechanism, which deems Indian tax to have been paid at the marginal rates applicable there. You can see guidance here:

DT9553 - India: Notes

Under the UK-India Double Tax Convention, NRE account interest taxable in the UK can receive credit not exceeding 15% for Indian tax even if this has not been paid. UK tax relief not exceeding 15% is available for ten years from the opening date of the NRE account per Article 24(5) UK-India Double Tax Convention:

UK/India Double Taxation Convention

NRE interest income should be declared within an in individuals UK Self Assessment return.

Thank you.
 

Hi,

We would suggest contacting our National Insurance team and asking for an international caseworker.

National Insurance: general enquiries

Thank you.

Hi,

If you were a higher rate taxpayer in 2021 to 2022, you will need to submit a separate claim for the Gift Aid. You can do this on webhat, phone or by writing in with the details of the amount paid.

Self Assessment: general enquiries

Thank you.

Hi,

The cleansing of mixed funds only applied to the remittance basis until 5 April 2019. After that any income received outside of the UK, was classed as foreign income. The arising basis applies to all worldwide income.You can see guidance here:

Remittance basis 2023 (HS264)

Thank you.

Hi,

The business tax account is geared towards limited companies who pay Corporation Tax. For individuals, who are a sole trader, self employed, they would use their personal tax account and UTR to submit a tax return.  

When tailoring your return, you would select 'yes' to the question for self employment. This will bring up the relevant self employment questions and boxes you need to declare your turnover and expenses.

Thank you.

Hi,

You can amend your 2021 to 2022 return until 31 January 2024, amendments must either be made online or be in HMRC possession by that date, after which you will need to submit in writing, an overpayment relief claim. Guidance on the format and process can be seen here:

SACM12150 - Overpayment relief: Form of claims

You can make an overpayment relief claim for the years 2019 to 2020 and 2020 to 2021. The deadline for 2019 to 2020 is 5 April 2024, after which it is to late to claim any reliefs.

Thank you.