HMRC Admin 19

Hi,

If you are claiming split year treatment, therefore not declaring your income from Canada up to the date you arrived in the UK, then you must complete the SA109 in order to show this on your tax return form.

If you qualify for split year then you only need to declare your worldwide income for the UK part of the year.

Thank you.

Hi,

If you qualify/apply for split year treatment for the period up to July 2021, there is no requirement to include the employment income or bank interest from Canada on your Self Assessment form.

You are required to declare any UK interest on your tax return form (if this is below £1000 there will be no tax due on this amount).  

If there was no interest from your bank account until 22/23 tax year then there will be no entries on your 2021/2022 form.  

Any income already taxed in Canada (including a tax refund) has no UK tax implications. 

Thank you.

Hi,

It cannot be deleted, you will need to leave it there unsubmitted.

Thank you.

Hi,

You can see the current guidance here:

EIM23900 - Car benefit: special cases: issues relating to electric cars

Thank you. 

Hi,

Please contact the Inheritance Tax team for advice:

Inheritance Tax: general enquiries

Thank you.

Hi,

The trading of futures by individuals normally falls within capital gains, you can find further guidance here:

CG56004 - Futures: income or CG: CG treatment 

Capital losses can be offset against gains. Please remember to keep records of each individual trade.

Thank you.

 

Hi,

For a capital gain to arise on currency, there has to be a disposal. No gain would arise simply as a result of you becoming resident in the UK. A gain may however have arisen as a result of your investment in the share portfolio.

You can see further guidance here: 

CG78300 - Foreign currency: introduction 

CG78310 - Foreign currency: assets acquired or sold for currency

Thank you.

Hi,

The hours for which you must pay a worker the minimum wage depend on the type of work being performed. For NMW purposes, there are four types of work; salaried hours work, time work, output work and unmeasured work. For a worker to be classed as salaried hours work, they must meet certain criteria explained in the following guidance at Calculating Minimum Wage type of work:

Types of work

The hours worked and calculation are based on establishing a basic number of hours for which the worker is to be paid. How you calculate this will depend on your circumstances and will vary from employer to employer however, examples can be found in the above guidance. 

If you have any further queries about your circumstances, please contact ACAS on 0300 123 1100 who should be able to assist you. 

If you are an employer and require advice relating specifically to working arrangements you have in place or are considering introducing, then please seek independent legal advice.

Thank you.
 

Hi,

The form can be requested from out taxes department, its a PPD CGT form.

Income Tax: general enquiries

Thank you.

Hi,

You can refer to HMRC's Corporate Intangibles Research and Development Manual at CIRD10000 onwards for more information.

CIRD10000 - Intangible assets regime: contents

If the company is resident in the UK, any tax would be due in the UK. If the company is registered in a foreign country and resident there, any tax would be due in that territory. If the company has dual residence, the relevant tax authorities would reach an agreement about taxing rights. If there is a tax treaty between the countries in question, that must also be considered. You can find more information on UK treaties with other countries here:

 Tax treaties 

The director's personal tax residence status is not relevant.

Thank you.