HMRC Admin 18 Response
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RE: About Personal Saving Allowance
Hi,
On the joint account the amount for the untaxed interest would be 50% for each of you. At the tax year end HMRC would calculate any tax due based on the untaxed interest supplied by the
bank/building societies. You would need to contact the bank to see if you could transfer the savings.
Thank you. -
RE: Leaving UK tax refund
Hi,
When you complete your 24/25 tax return next April, include the form SA109, and send your return by post. You can read more here:
Tax if you leave the UK to live abroad
Thank you. -
RE: Not receiving the UTR number
Hi,
You should receive confirmation of your UTR within 4 weeks of your request. If you have not received your UTR after 4 weeks, contact us via:
Self Assessment: general enquiries
Thank you. -
RE: Tax on Celsius Network (Crypto Platform) Bankruptcy Refund
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
Thank you. -
RE: Salary Sacrifice pension contribution above Annual Allowance utilising carry forward
Hi,
It is the current year plus any unused relief. Once you use up all the relief available that is when the tax charge is due.
Thank you. -
RE: Missed Deadline to Amend Self Assessment 21/22
Hi,
If the dividend is within the dividend allowance and will not be liable for tax, you do not need to declare it on your tax return.
Thank you. -
RE: Cross Border Charitable giving and Gift Aid.
Hi,
In order for the charity to claim gift aid on your donation you need to be a UK taxpayer. If the person you want to make the payment to is a UK taxpayer and agreeable to your proposal, there
.
should be no problem. It wil be seen at their payment to the charity and not yours.
Thank you. -
RE: CGT on property flipping
Hi,
There is no definitive guidance on when you cease acquiring and disposing of properties as an individual, on which you pay capital gains tax on the gains or commenced doing so as a trade,
where you pay income tax on the profits. Each case would need to be reviewed on it's own merits. If the purpose is to buy and sell property for profit (you’re a property developer, for
example) you do not pay Capital Gains Tax when you sell a property. Instead, you pay Income Tax - if you’re a sole trader or partner.
Thank you. -
RE: UK-Canada Double Taxation Treaty: Dividend Taxation for UK Companies
Hi.
Distributions are charged to Corporation Tax only if they are not exempt. Distributions received by companies are in most cases exempt from Corporation Tax under s.931A CTA 2009 whether
received from a UK or an overseas resident company. Please refer to guidance available on our website at:
Company Taxation Manual
and
International Manual
onwards.
Thank you. -
RE: Paid weekly - no hours worked
Hi,
You will need to submit an EPS advising us of a period of no payments to employees for these 2 weeks.
Thank you.