HMRC Admin 20 Response

Hi,
Yes to both of your questions.
Please see:-  Capital Gains Tax: what you pay it on, rates and allowances
Thank you.

Hi,
Please refer to guidance at HS321 Gains on foreign life insurance policies (2024)
Thank you.

Hi,
1. no    
2.  HMRC cannot comment on future events as legislation may change.  
3.  as in 2.   
4.  that is not for HMRC to answer as it is not a tax question.
Thank you.

Hi edmund,
Yes, that is correct you should use different exchange rates.
Thank you.

Hi,
If you are now a sole trader and your gross income will be over £1000 then yes you will need to register a self employed and complete a Self Assessment tax return at the ta year end.
If you have still not received a reply to your registration then you will need to contact HMRC to review Self Assessment: general enquiries
Thank you.

Hi,
To review this we will need to access your record.
You can contact HMRC to review at Income Tax: general enquiries
Thank you.

Hi,
If you earn over £1000 over the course of a tax year, and you have not paid tax via your employer on this income, you will need to declare this income by filing a Self Assessment return.
We unfortunately can not advise on whether being payrolled or Self Employed would be preferable, but if you require any more advice on how each system works, contact us by webchat or phone via Self Assessment: general enquiries
Thank you.

Hi,
Please refer to CG12731 (Capital Gains Manual CG12731 - Capital Gains Manual: Introduction and computation: occasions of charge: part-disposals: formula for apportioning expenditure) for part disposals.
You advised that it was bought in the 1980s. If it was prior to 31 March 1982 you would use the Market Value at 31/3/1982 rather than actual cost before that date.
Thank you.

Hi kfoo279 foo,
Notes are made of any webchat, telephony or post contact we receive from you, and these notes include what has been discussed with you, and what information you received from us.
We are also able to access any webchat conversations you have with us if necessary.
If you require confirmation of any notes made, contact us by webchat or phone via Self Assessment: general enquiries
Thank you.

Hi,
Are you looking to become an authorised person in relation to the VAT affairs of a business or is it for another tax?
Thank you.