HMRC Admin 19 Response
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RE: VAT reversal for returned deposit/surcharge
Hi,
Please refer to section 8.13 in the following guidance as to when VAT would be due:
VAT guide (VAT Notice 700)
Thank you. -
RE: Online training course with global students
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RE: Interest and penalties
Hi,
As long as the VAT return is submitted and paid by the due date no penalties should be incurred. You can see guidance here:
Penalty points and penalties if you submit your VAT Return late
Thank you. -
RE: Income from foreign NRE account
Hi,
You are only taxable in the UK on your worldwide income from the date you arrived in the UK. You will declare your foreign interest from September 2023 to April 2024 in a Self Assessment tax return and for each subsequent year.
Thank you. -
RE: Foreign capital gain
Hi,
You will have to contact us and requrest a paper PPDCGT return form.
Non-UK residents: Income Tax and Capital Gains
Thank you. -
RE: UK Tax on Malaysia Employee Provident Fund (EPF) lumpsum withdrawal by UK NonDom Tax Resident
Hi,
The tax treaty between the UK and Malaysia can be seen here:
UK/malaysia Double Taxation Agreement
Article 19 covers pensions and annuities. The EPF fund is taxable in the UK.
Thank you. -
RE: Split year treatment date and foreign income, bonus calculation
Hi,
Split year treatment would start on the date you arrived in the UK and this is the date you would declare your worldwide earnings from in your tax return.
Thank you. -
RE: Non Resident/Domiciled selling property in Turkey and transferring money to the UK
Hi,
If you are not tax resident in the UK in the tax year in which you dispose of the property, there would be no UK Capital Gains Tax liability.
There would be no UK Income Tax implications in transferring the funds from an overseas bank account to a UK bank account.
Thank you. -
RE: Transferring personal money to UK
Hi vshambira,
You would need to follow the UK Capital Gains Tax rules on the disposal of property. To do that, you would need to convert all of the figures to GBP sterling, using a just and reasonable exchange rate in use at the time. Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
and for older rates here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing.
You can find a Capital Gains Tax calculator here:
Work out your gain
As the property was your main residence for a period of time, you will be able to claim Private Residence Relief for that period. Please have a look at the guidance here:
HS283 Private Residence Relief (2024)
Regardless whether there is a gain or a loss at the end of your calculation, you are required to report the property disposal in a Self Assessment tax return.
Check how to register for Self Assessment
Thank you. -
RE: Tax 2023/24
Hi,
The UK tax year starts on 6 April each year.
You are tax resident for the tax year starting 6 April 2024.
You will be UK tax non resident for the tax year 2023 to 2024.
Your partner will need to register for Self Assessment as self employed in tax year 2024 to 2025, if her gross turnover exceeds £1000 in the tax year. Your partner can register as self employed here:
Check how to register for Self Assessment
Thank you.