HMRC Admin 19 Response

Hi,,

You would only need to do this if we are expecting one, please contact our Employers team so we check if one is expected.

Employers: general enquiries

Thank you.

Hi,

Your overseas gains calculation should be completed using pounds sterling.  

You will need to convert the purchase price and costs to pounds sterling, using the exchange rate at the time of purchase. You will also need to convert the disposal value and costs to pounds sterling, as well as any foreign tax paid. The official exchange rates can be found here:

Exchange rates from HMRC in CSV and XML format

The foreign gain is added to the UK gain and declared on SA108.  

In SA106, you would complete page F6, box 33 and boxes 37 to 40. Do not include these amounts in box 2 on page F1. You can then calculate the Foreign Tax Credit Relief and enter in box 2.

Thank you.

Hi,

When tax is deducted from your pay, a calculation is done based on how much you have paid so far in the tax year and compares that to how much you should have paid so far in the year. Any overpayment of tax would result in you paying less tax in the following month.

If you are unsure if you have paid the correct amount of tax, you can contact our Income Tax team with your latest payslip and we can check this.

Income Tax: general enquiries

Thank you.

Hi,

Property income dividends are taxed as income and are shown in Page TR3 boxes 17 to 20 in SA100. They do not qualify for £1000 property allowance. You can see guidance here:

SAIM5330 - Dividends and other company distributions: UK Real Estate Investment Trusts: taxation of distributions

Thank you.

Hi,

For non UK residents, UK savings and dividend income is 'disregarded income' and would be declared on SA100 page TR3.  

HS304 is not necessary, as this would cover UK employment income or pension income, as allowed by the double taxation agreement between the UK and the country in question, along with the SA109 and any other supplementary page that is appropriate. You can see guidance here:

Non-residents savings and investment income (Self Assessment helpsheet HS300)

Thank you.

Hi,

If you have more than one UTR please contact us by webchat or write to us and we will review this.

If you have more than one UTR contact us by webchat or write to us and we will review this.

Self Assessment: general enquiries

Thank you.

Hi kec
As you are not resident in the UK, savings interest is taxable as disregarded income.
You can see guidance here: SAIM1170 - Savings and investment income: non-residents
The effect is that the liability of a non-UK resident in respect of savings and investment income is limited to the Income Tax deducted from it or treated as deducted or paid in respect of it. No tax return is required and there is no need to register for a tax return.
Thank you.

Hi YL Edison,

You can find the information here:

Residence, domicile and the remittance basis: RDR1

Thank you.

Hi Larbyd33.

It can take up to 10 working days to reach your account.

Thank you.

Hi,

To provide a full reply we would require further information. We need clarification that the small building contractor is in fact the subcontractor for the developer and, or, client who ‘should be’ the ‘contractor’ but have failed to register for CIS.

It maybe that the developer/client/contractor is a deemed contractor who does not need to register for CIS. You can see information here:

CISR12050 - The Scheme: contractors: ‘deemed’ contractors

We also need to clarify if  the ‘small building contractor’ tendered for a project, and was successful, on a fixed price?

Thank you.