Edward

Hello, I stumbled upon this when searching a similar question. I have some capital losses to calculate from the sale of US listed stock, and need a USD to GBP exchange rate. So I've been using the monthly averages published by the HMRC So I get the month acquired, and the month sold rates from this. e.g. https://www.trade-tariff.service.gov.uk/exchange_rates/view/2024-3?type=monthly Am I okay to use these rate for capital gains calculations, so long as I use them consistently? Thanks!

So given my example above, the correct number would be £275? Thanks!

I'm finding mixed messages both on hmrc.gov.uk and also third party guidance websites, on what should be entered for question 1 of the Paying into Registered Pension Schemes section on the self-assessment form. The question is: "Payments to registered pension schemes where basic rate tax relief will be claimed by your pension provider (called ‘relief at source’). Enter the payments and basic rate tax" I have a relief at source pension, and let's say my pension provider sends me an annual report which shows: You paid in: £220.00 Your Employer paid in: £550.00 Your tax relief was: £55.00 Am I correct in thinking I should enter the sum of what I paid in + the basic rate tax relief they already claimed, so for the numbers above I would enter £275.00 here? the wording is very confusing, I asked my co-worker and they are only entering the amount they paid in (so (£220 in this case). Which is correct please. Thanks in advance,

Thanks, if I include it in the Tips and other payment section, won't I end up having to pay any extra tax due on it twice? as it'll be both added into this years tax return, plus included in next years P60? Also, why do I need to fill out the claim credit for the Tax in the foreign section? from what I'm told from other employees who also do self-assessments, they just put the P60 numbers in and that's it, as I work for a UK company and whilst the stock are for a US listed company, we have completed a W-8BEN which I think means we don't need to fill this section in. Can you confirm please? Thanks for the help

I receive an RSU equity reward with my UK employer of their US listed stock. My employer deducts the relevant amount of UK taxes due from this stock on my behalf before I receive the reward, so I only receive a % of it, Then on my payslip I see both the reward, plus an increase in income tax paid that month to cover the extra tax (which matches the amount they withheld) The stock does not pay dividends, and I've completed my W-8BEN, so I don't think I need to pay any US tax, and I don't think I need to worry about any capital gains tax until I sell or trade the stock I have (let me know if presumption is wrong please!) Now my worry is that my payslips aways seem to be a month behind, so for example, the RSU may vest on March 20th, but it won't be in March's payslip, and will instead be in April's payslip with all the relevant taxes deducted and paid. This usually isn't an issue, but obviously for March it is because it means it technically vested one tax year, but my payslip/P60 that covers it will be in the next tax year. In this scenario how do I complete my self-assessment? should I just go with what my P60 says as that's when they actually paid the tax for me, or do I need to do some manual tinkering to work out how much it was (probably waiting for April's payslip) then retroactively add that to this years self-assessment, and if so, where would I record it? I'm worried my P60 won't align with my self-assessment for that employment, if go manually moving thing across. thanks in advance.