HMRC Admin 19 Response

Hi Jerzy Bodnarczuk,

If paid through the Self Assessment this will be updated to their student loan repayments. You will need to conatct SLC to review.

Thank you.

Hi,

You can see guidance here:

If you're taxed twice

Thank you.

Hi,

No, as they are all the same country you can add them together and give the total.

Thank you.

Hi,

As no relief has been given, you will need to write in with the evidence to show this. We can only go back 4 years. Please write tou:

HMRC,
PAYE & Self Assessment
BX9 1AS

Thank you.

Hi,

No, you do not need to report this.

Thank you.

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

Hi,

Please contact the Stamp Duty Land Tax team for advice.

Stamp Duty Land Tax

Thank you.

Hi,

1. This relates to self employed income only.    
2. No, this can only be used against future capital gains.   
3. Any income you receive from another country whether it be interest, dividends, employment.  
4. No, you can wait until after 06 April 2024 and check again.

Thank you.

Hi Tfue Turner,

As you are using all your allowances of 12570 at your primary job then your secondary job will be taxed at basic rate (BR). The full £24050 is liable to tax and should be declared on your Self Assessment return.    

Thank you.

Hi,

To convert from a foreign currency to pounds sterling, please use the official rate of exchange at the time of the exchange. You are free to use the yearly rate, the monthly rate or the spot rate.  

If a conversion was undertaken to deposit the money into a UK bank account, then this figure can be used.  

The exchange rate is not set in stone, which is why you have a choice. 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 each acquisition and disposal. 

The official exchange rates can be found here:

Exchange rates from HMRC in CSV and XML format

Thank you.