HMRC Admin 19 Response

Hi,

As declarations are legal documents we are unable to advise what information to add.

You can check below for guidance or, alternatively, get a customs agent to help.

Making a full import declaration

Get someone to deal with customs for you

Thank you.
 

Hi,

If your bank interest is less then £10,000 then this will not be criteria for Self Assessment.

If you registered and a Self Assessment UTR has now been allocated you would need to contact HMRC to review if tax return is needed. You can check if you meet criteria here:

Check if you need to send a Self Assessment tax return

Self Assessment: general enquiries

If you do meet other Self Assessment criteria and the Self Assessment is issued late then you will have 3 months and a week to file the tax return before late filing penalties are due. 

Thank you.

Hi,

You may be liable to Capital Gains Tax as you have sold a UK residential property that was not your main residence. You can see guidance here:

Report and pay your Capital Gains Tax

Thank you.

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

Hi,

Please contact our Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

 

Hi Thomas Brooke,

You can see the guidance below for information on how to count days in the UK. Using the method to count days outlined in the guidance below, all you would be required to do is keep a record of the days in the UK.  

RDRM11710 - Residence: The SRT: Days spent in the UK: What is meant by a day spent in the UK

Further evidence could be the likes of airline tickets with a date of arrival/departure.

Thank you.

Hi,

If you return to the UK, you would need to review the statutory residency tests here:

RDR3 Statutory Residence Test

If you meet the criteria to be tax resident in the UK, then you would be required to submit a Self Assessment tax return, to declare your overseas income and gains. Up to 100% foreign tax credit could be claimed on the onverseas tax paid.

If you are not resident in the UK, then your overseas dividend is not taxable in the UK, however any interest that the dividends generate would be taxable in the UK, as disregarded income.

If you are not resident in the UK and you do not have any UK income, then a tax return is not required, as none of your overseas income is taxable in the UK.

If you have UK property which you rent out or dispose of, then a tax return will be required.

Thank you.
 

Hi,

Capital Gains Tax may be due. You can see guidance here:

CG78300 - Foreign currency: introduction

If so, any gain for the current tax year, should be reporterted in your 2023/24 tax return. You can use any of the spot rates from HMRC within the tax year:

HMRC average currency exchange rates

Any gain to report would be shown as a total.

Thank you.

Hi,

If you qualify for split year then you only report any foreign income for the UK part of the year. You can see guidance here:

RDRM12000 - Residence: The SRT: Split year treatment

If you do not qualify then you will need to report all your foreign income to the UK. You can see guidance below:

Tax on foreign income

The guidance below will help you work out if split year treatment applies:

RDRM12150 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only

You would also need to look whether you are claiming remitance basis or not as to whether the DTA is applicable:

Remittance basis 2021 (HS264)

Thank you.