HMRC Admin 19 Response

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. You can see guidance here:

Tax on savings interest

Tax on dividends

Thank you.  

Hi,

Your wife falls within Self Assessment criteria as she has foreign interest and she will need to register for Self Assessment and complete a return. You can see guidance here:

Tax on foreign income

Register for Self Assessment

Thank you.

Hi,

You are not automatically entitled to split year treatment. You need to decide this by taking the Statutory Residence Test that you can see here:

RDR3 Statutory Residence Test

As you have foreign interest you fall within Self Assessment criteria and must complete a Self Assessment tax return. The deadline for receipt of this return was 31 January 2023 if submitting online and 31 October 2022 if by paper.  

You will be charged late filing penalties but you will have the option to appeal against these using form SA370.

Self Assessment: appeal against penalties for late filing and late payment 

Thank you.
 

Hi

When you are transferring your own existing assets to yourself, repatriation of funds or assets, there are no tax implications of transferring money to the UK. Only any interest that this capital generates is then taxable.

You can report your loss to us through Self Assessment, SA108.

Thank you.

Hi,

Based on the code, the system may be trying to split the tax allowance between the jobs. In order to correct this you will need to contact our Income Tax team helpline again.

Income Tax: general enquiries

Thank you.

Hi,

If you click on 'Register for Self Assessment' and state that you were self employed, it will take you to form CWF1 to register as self employed. You can see guidance here:

Set up as a sole trader

Thank you

Hi,

If you meet the criteria for the trading allowance then you will not need to complete a Self Assessment tax return. You can see guidance here:

Trading allowance

Thank you.

Hi,

You should take this up with your employer and if any amendments are required you can then amend your Self Assessment tax return to take account of the revised figures.  

We can confirm that UK tax liability is calculated using the gross figure.

Thank you.

Hi,

No, the whole return must be filed together so you should file it all by paper or purchase 3rd party software to file online. You will need it to file the return by 31 October 2023 if filing by paper.

Thank you.

Hi,

Unfortunately we are unable to access your record from the forum to look into this.

All the contact methods for our Income Tax team are shown here:

Income Tax: general enquiries

Thank you