HMRC Admin 20 Response
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RE: Tax exemption as a United Nations individual contractor
Hi,
This cannot be answered on this forum as evidence of your contract would need to seen as to who you actually worked for and we would then refer the matter to our specialist team for them to review/reply.
Thank you. -
RE: Self-assessment - Foreign inocme
Hi DanUK,
Please have a look at RDR3, which describes the 'ties' to the UK.
The more 'ties' you have, the days you can be in the UK and remain not tax resident. (RDR3: Statutory Residence Test (SRT))
and RDRM11500 at RDRM11500 - Residence: The SRT: The ties tests:
Thank you. -
RE: Tax on interest income & dividend
Hi,
Yes the personal allowance will be set against untaxed interest first.
From your figures the dividend income will be taxed £8530 at 8.75% and £4470 at 33.75%.
Thank you. -
RE: Foreign Income
Hi,
Your lottery prize is not taxable in the UK and does not need to be declared in your tax return.
Thank you. -
RE: Accidental ISA Exceed - next steps?
Hi johnny johnny,
You will need to speak to your LISA provider about this.
They will refund the excess paid into it.
Any interest that arises from the excess will be taxable.
Thank you.
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RE: Self Employment details
Hi,
Please contact us by webchat or phone via Self Assessment: general enquiries , and we can give advice on how to access the specific information
ou require, if not provide it ourselves.
Thank you. -
RE: small gift clarification
Hi,
Please have a look at the guidance at How Inheritance Tax works: thresholds, rules and allowances. The section on making regular payments may help.
Thank you. -
RE: Are statements of interest mandatory?
Hi,
Yes.
Please use the figures you have, as this will allow you to complete your tax return.
Should HMRC open an enquiry, they may ask for supporting evidence.
It would only be then that you would need to explain how you arrived at the figures for this particular account.
Thank you. -
RE: Crypto Income Tax
Hi,
There are certain circumstances where a loss arising from a successful negligible value claim can be set against other general income.
Please refer to Cryptoassets Manual CRYPTO22500 - Cryptoassets for individuals: Capital Gains Tax: S24 and negligible value.
Also HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2024)
Thank you. -
RE: when to register for self assessment to pay dividend tax
Hi,
If you wish to check if your record has been automatcially closed, and reopen your record if necessary, contact us by webchat or phone via Contact HMRC.
Thank you.