HMRC Admin 18 Response
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RE: tax on second job
Hi,
If you are starting a new job, you would complete a starter declaration form. You would select option C which is that this would be your second job. You would perhaps be better calling HMRC after the fact to ensure that we have your estimated income correct. The tax code for your primary source may change depending on how much of your income is taxable at the higher rate. See link below:
Income Tax: general enquiries
Thank you. -
RE: HMRC cheque for tax refund
Hi kumkum If the repayment cheque was issued more than 6 weeks ago please contact us and we can arrange cancellation and re issue of the cheque. See link below: Income Tax: general enquiries
Thank you. -
RE: Pension Carry-Forward Check
Hi,
We cannot comment on any form of calculation/example or scenario, whether fact or fiction. We can only point you the direction of the guidance. There is an online calculator at:
Check if you have an annual allowance tax charge on your pension savings
Thank you. -
RE: Carrying forward my pension annual allowance
Hi,
We can only provide general information / guidance in this forum. As you have already looked at the guidance, for an answer to a detailed question of this nature, you would need to contact our self assessment helpline at:
Self Assessment: general enquiries
or seek professional advice.
Thank you. -
RE: CGT on gains from sale of both a rental property and (inherited) shares
Hi,
As you are selling 2 different types of asset you can choose which is more beneficial for claiming the annual allowance. If using against the shares then yes, you will pay tax on the porperty at the higher rate of 24 %.
Thank you. -
RE: Referral gift received in USD
Hi,
That is correct.
Thank you.
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RE: Reporting savings interest
Hi Alan
As the interest is over £10,000 you need to report this on a tax return:
Tax on savings interest
Thank you. -
RE: Business expense from previous years
Hi,
You have not give enough information to answer this as we would need to know if this is pre trading or a case of you forgot to claim. See guidance at:
Business Income Manual
Thank you. -
RE: Definition of UK income under the remittance basis
Hi,
Your question would appear to cover both personal tax and corporation tax concerns in relation to the dividends, which make your question difficult to review. This forum covers personal tax only. It would appear that the UK company is in receipt of foreign dividends and would share those foreign dividends with the share holders, who would declare as foreign dividends and not UK dividends. Dividends arising from the UK company and paid to shareholders would be classed as UK shares and dividends.
Thank you. -
RE: Remote work non-UK generated income paid to UK bank
Hi,
If you move to another country to live, then you will be taxable your world-wide income in that country. If you choose to transfer your earnings into a UK bank account after paying tax on it in the other country, then no further tax is payable on those savings. You don't get to choose which country you want to be taxed in. This is based on your country of residence and the tax treaties that country has with other countries.
Thank you.
