HMRC Admin 19 Response

Hi,

No, as you have already used the limit. You can see guidance here:

https://www.gov.uk/individual-savings-accounts

Thank you.

 

Hi,

Your freelance work is classed as self employment and if you earn more than £1000 you meet the criteria to complete a Self Assessment tax return. You will need to register for Self Aassessment as a sole trader. Step by step guidance on registering as a sole trader can be found here:

Register for Self Assessment

Thnak you.

Hi Iprsc Pang,  

As long as the money transferred was not earned in a tax year you were resident in the UK, then the money will be classed as capital and is not taxable. If the money was earned in a tax year you were resident in the UK, then this would be classed as income and may be taxable.

Thank you.

Hi,

As a national of a member state of the European Ecconomic Area (EEA), you are entitled to claim personal allowances by ticking box 16 of SA109 and entering in box 17, the 3 character code relating to the country you are a national and, or, a resident of. You can see the notes for box 16 and 17 on the SA109 help sheet for a list of countries in the EEA and for the other situations that personal allowances can be claimed in box 16 and the 3 character code for the country you are a national and, or, a resident of.

Residence, remittance basis etc notes 

Thank you.

Hi,

When you submit a claim for tax relief on pension contributions, we would update the record and a tax calculation would be issued for any previous tax years if there was any underpayment or overpayment of tax.

The figures you declare would be used as an estimate going forward and you would receive an amended tax code for the current year to try and give you the tax relief going forward. If you are unsure over the amount that would be due back you can contact our Income Tax team and we can advise how it has been calculated.

https://www.gov.uk/government/organisations/hm-revenue-customs/contact/income-tax-enquiries-for-individuals-pensioners-and-employees

Thnak you.

Hi Wai Yip Lee,

That is correct. You can do your own document using the details that are on the standard one.

Thank you.

Hi,

You can view the Self Assessment criteria here:

Check if you need to send a Self Assessment tax return

If a return is required and you file online, you will go through the 'Tailor Your Return' section which will ask you about the income you received in the tax year and generate the sections you need to complete. 

Thank you.

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

Hi ZCBEELI,

You would only pay tax on any interest, and, or dividends that the savings then generate when you are back in the UK#.

Thank you

Hi,

Yes, you need to declare the interest. The tax due depends on your level of income received. You can see guidance here:

Tax on your UK income if you live abroad

Thank you.