HMRC Admin 19 Response
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RE: Time frame for P55 online claim
Hi,
The current timescale for the forms to be reviewed is 4 weeks. If you do not receive anything this week please contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: Home to office mileage
Hi,
You will need to contact our Income Tax team who will look into that for you.
Income Tax: general enquiries
Thank you. -
RE: Imports under OPR
Hi,
You will need to contact our International Trade team:
Imports and exports: general enquiries
Thank you. -
RE: How long should I wait to re-register VAT (voluntary VAT)?
Hi,
In order to reregister the company you would need to send in a VAT1 application form. You can see the guidance here:
Register for VAT
As long as you have deregistered the business correctly for reasons that the business stopped or the trading reduced then there should not be any issues with registering the company again.
Thank you. -
RE: Do I need to pay CGT for currency conversion of HKD to USD to GBP?
Hi,
You will not need to pay for the currency conversion but you will need to declare the sale of the property as this occured when you were UK resident. You can see guidance here:
Tax when you sell property
Thank you. -
RE: Bed and breakfasting rules and similar ETFs
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RE: Declaration of overseas saving interest
Hi,
You can see information here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2014
Thank you. -
RE: Indian foreign pension move to UK
Hi,
Article 17 of the double taxatation agreement, states "Subject to the provisions of paragraph 2 of Article 18, pensions and other similar remuneration paid to a resident of a Contracting State shall be taxable only in that State". Paragraph 2 covers governmment service, including pensions. This means that as a resident of the UK, you are taxable on your UAE pension, including lump sums, only in the UK. You can see guidance here:
2016 UK-UAE Double Taxation Convention
You would be taxable on this pension from the date you became resident in the UK or the date you start to receive the pension, which ever is the later date. This foreign pension will need to be declared in a Self Assessment tax return on SA106 or the foreign section of the online return.
Self Assessment: Foreign (SA106)
Thank you.