HMRC Admin 20 Response

Hi Nannymc,
Not for that reason.  
To ensure that you do not need to complete a tax return, you can use the self assessment criteria tool to confirm if one is required or not.  
It can be found at Check if you need to send a Self Assessment tax return
Thank you.

Hi superJ,
The watch is seen as a wasting asset as it has a predictable lifespan of less than 50 years and as such is exempt from capital gains:-
Personal possessions and Capital Gains Tax 2023 (HS293)
Thank you.

Hi steveoreo,
How you keep your records and their format is up to you.  
We cannot comment on scenarios, only provide general information / guidance in this forum.
Thank you.

Hi Man Lung Lee,
HMRC cannot comment on future events as your plans may change. for current guidance, please refer to Tax on your private pension contributions
Thank you.

Hi RamUK Ba,
1. As the loan is over £10,000 this needs to be reported - Expenses and benefits: loans provided to employees  
2. No, but you will need to keep details of amounts in order to convert to sterling to declare in your return.
Thank you.

Hi kwaku fa,
No.  You are claiming tax relief, as you pay tax at the higher rate.  Any tax overpaid, as a result of claiming the relief, can only be paid to you.
Thank you.

Hi 
The tax return doesn't take into account any payments made direct by you. this is reflected on your statement so once you submit the return and the system updates you will be able to see the revised balance due along with any payments on account for 23/24.
Thank you.

Hi,
In order to qualify for the annual allowance for pension, you must be a member of any registered pension schemes or overseas pension schemes that are not UK registered pension schemes but contain UK tax-relieved funds. As you state you had no contributions and no income, it would suggest that you were not a member and as such have no unused allowance for 19/20.
Thank you.

Hi mameluk001,
You will need to write in with more specific details for HMRC to review your case and advise acordingly.
Thank you.  
 

Hi RICH73,
HRMC do not provie tax advice on how to move your companies money please check guidance- BIM45065 - Specific deductions: entertainment: gifts: overview
Thank you.