HMRC Admin 19 Response

Hi,

You cannot file the partnership return online using HMRC software and will need to buy third party software:

Self Assessment commercial software suppliers

You will need to register the partnership online separate from your own Self Assessment.

Thank you.

Hi,

As you arrived in the UK in the 2022 to 2023 tax year, you were able to determine your residence status. This must be declared in a Self Assessment tax return, that included all of your UK income and capital gains.  

For tax year 2023 to 2024, you will automatically be resident in the UK for the whole tax year, as a non domiciled UK resident. You will automatically be taxed on your worldwide income in the UK in each tax year. You would also have the option to claim the remittance basis, you can see guidance here:

Guidance note for residence, domicile and the remittance basis: RDR1 

In either case, a Self Assessment tax return is required for each tax year you have foreign income or capital gains or claim the remittance basis. The deadline for paper tax returns for 2022 to 2023 was 31 October 2023. Any paper tax returns received after that date, are late and subject to penalties being imposed. Online tax returns can still be submitted on time up to 31 January 2024.  

Please note the HMRC online tax return does not have a residence section, so cannot be used to sumbit a residence based tax return. You would need to be able to obtain a government gateway user ID and password. You can register below and set up a personal tax account, as well as register for Self Assessment:

HMRC online services: sign in or set up an account

For an online tax return that supports residence, you will need to buy a commercial software tax return and submit it with the government gateway user ID and password.

Self Assessment commercial software suppliers

You can download and request paper tax returns here:

Self Assessment tax return forms

Thank you.

Hi,

The payments on account are not part of the Self Assessment tax calculation, as the calculation shows the amount of tax payable and not the tax paid.

Your statement of account will show the payments on account you paid and be set against the balancing payment due. On your online account there will be a link in the left hand menu to view statements. 

Thak you..

Hi,

If you have a gross turnover of less than £85000, then the VAT on the cost of the item you purchased is part of the expense of acquiring the product and is included as part of the acquisition cost.  

When you sell the product on, including VAT, the disposal value including VAT is declared as part of your gross turnover. The VAT included as part of the selling price, is claimed as an allowable busines expense. You can see guidance here:

HS222 How to calculate your taxable profits (2023)

Thank you.

Hi,

You can see the following guidance that advises that the interest arising on an account held by an unmarried person under 18 is treated as income of his or her parents if the money in the account was a gift from the parent and the interest exceeds £100. 

SAIM2430 - Interest: taxation of interest: children's accounts

Thank you.

Hi,

No, there is no taxable gain for shares held in an ISA.

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 tax. Further guidance can be found here:

Tax on savings interest

Tax on dividends

Thank you.  

Hi,

HMRC cannot advise you what supplier to chose from, the list of those available is here:

vSelf Assessment commercial software suppliers

Thank you.

Hi,

Your return will be amended once we the process the SA109.

Thank you.

Hi,

As the income relates to work carried out in Hong Kong, you do not declare it here under the terms of the double taxation treaty.

Thank you.