HMRC Admin 19 Response
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RE: Pay HMRC for "paying too little tax"
Hi,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our Income Tax team.
Income Tax: general enquiries
Thank you.
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RE: Business Tax Balance
Hi,
Unfortunately we are unable to access records on this forum. You will need to use the contact details below for advice.
Contact HMRC
Thank you. -
RE: How to report capital gains losses for previous years
Hi,
As you have both losses and gains, in year losses must be used first, even if that means you lose out on the annual exempt amount. In order to then use the remaining losses at a later date, you will need to report them in 2023 to 2024.
Thank you. -
RE: EIS Loss Relief
Hi
You need to include the figure in the question, losses used against income, and as this is EIS loss, you also need to re-enter the figure at the amount relating to share
loss relief in 2023 to 2024 to which Enterprise Investment Scheme or Seed Enterprise Investment Scheme relief is attributable.
Thank you. -
RE: CGT primary residence being divided to flats and sold
Hi,
We cannot comment on future events as legislation and, or, plans may change.
Thank you.
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RE: Double Taxation
Hi,
Unfortunately we do have a substantial backlog at present. You can contact our Income Tax team to chase this up.
Income Tax: general enquiries
Thank you. -
RE: Claiming SIPP Tax Relief
Hi,
If you are making the payment now you will be due relief in the 2024 to 2025 tax year and would show this in the tax return that will be issued after 6 April 2025.
Thank you. -
RE: One-off payment = sole trader?
Hi,
If the payment was for self employment work, then yes, you will need to register as self employed and declare this on your Self Assessment return.
Thank you. -
RE: Paid in Advance Tax - how to get it decrease or refund?
Hi,
Once you submit the 2023 to 2024 tax return the payments on account made for 2023 to 2024 will be taken into account on your statement. If you have paid more than is due for for the 31 January 2024 deadline date then there will be a credit on your account available for repayment. You can then claim this, or if you want, you can leave the credit to be set against future liabilty.
Thank you. -
RE: Tax implication on foreign investment
Hi,
We are unable to advise you on your tax liability on this forum, as we can only provide general advice. Please review the tax treaty between both countries and consider it along with the UK statutory residence tests, which can be found here:
Hong Kong: tax treaties
RDR3 Statutory Residence Test
Thank you.