HMRC Admin 19 Response
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RE: Payments to HMRC allowable/disallowable expense?
Hi,
No, as the payments would appear to be the tax you are paying on your profits and the tax is not an expense.
Thank you. -
RE: Requesting a certificate of residence to prevent double taxation - confusing form
Hi,
Yes, that is correct.
Thank you. -
RE: Tax free lump sum on multiple pensions
Hi,
You can see guidance here:
PTM063230 - Member benefits: lump sums: Pension commencement lump sum (PCLS): general limits information
Thank you. -
RE: CGT on shares acquired through EMI gifted to spouse
Hi,
Yes, if she is a basic rate taxpayer.
Thank you. -
RE: Tax paid for work done in France
Hi,
You will need to complete a tax return to claim the tax as Foreign Tax Credit Relief.
If the amount is more than the UK tax due, you will need to contact the French authorities for a refund on the difference. You can see guidance here:
Relief for foreign tax paid (Self Assessment helpsheet HS263)
Thank you. -
RE: Repatriation of overseas income and savings
Hi,
You will not be liable on the transfer of the capital but any interest or dividends that this then generates is taxable income.
Thank you. -
RE: Self-Assessment Requirement for Overseas Bank Interest and PAYE Handling of UK Interest
Hi,
You can send us a letter providing the details to:
HMRC,
PAYE & Self Assessment,
BX9 1AS
Thank you. -
RE: Self Assessment calculates tax is owed, but tax already refunded for same period
Hi,
If you are filing online, look for the question, "If you’ve had any 2023–24 Income Tax refunded or set off by us or Jobcentre Plus, enter the amount".
If you are filing by papaer, this is on page 6 of the SA100.
Thank you. -
RE: UK non-domiciled first-year resident. Question about unremitted income
Hi,
You can see guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. -
RE: Selling and buying back crypto .
Hi,
We cannot comment on any form of calculation, example or scenario, whether fact or fiction. We can only point you the direction of the guidance, so that you can review the guidance and to allow you to make an informed decision.
If, after that you still need advice, you may wish to employ the services of a financial adviser.
Thank you.