HMRC Admin 20 Response

Hi PFT1,
If the lump sum is non taxable then not included. 
Thank you.

Hi M22,
To work out your adjustable net income, you add up your taxable income and subtract any 'tax reliefs'.  
Personal Allowances: adjusted net income advises that "'tax relief' means that you either pay less tax to take account of money you’ve spent on specific things, like business expenses if you’re self-employed or get tax back or get it repaid in another way, like into a personal pension".
 For this reason, qualifying load interest does not reduce your adjustable net income.
Thank you.

Hi Mati,
You will need to report the sale in the UK but you can claim foreign tax credit relief for the capital gains tax paid in Poland to reduce our UK bill.
Thankl you.

Hi Niccolo Zapponi,
Please refer to guidance on the charge to income tax on exercise, HS305, and charge to CGT on disposal, HS287.
On basic principles the calculation of the IT charge on exercise would not change if the shares were disposed of on the same day.
However if there are any forfeit provisions, restrictions or disposals for more than Market Value you will need to review the appropriate
guidance in the Employment Related Securities Manual regarding the tax treatment.
Employment Related Securities Manual
Thank you.

Hi hugoluka,
HMRC cannot comment on future events as legislation/plans may change.
For current rules, please refer to Tax on foreign income
Thank you. 

Hi mossywell,
We need to include the underpayment collected in your code as this is part of the tax dedcuted at source by your employer.
You will get the credit for the tax paid when you declare this on your employment page so not paying the underpayment twice. 
Thank you.

Hi Petr Kovac,
please refer to guidance at:-
Expenses if you're self-employed
and
Claim tax relief for your job expenses
Thank you.

Hi Lam,
When you complete the return for 23/24, you will show the date you ceased on the self employed section.
This will not affect the UTR as you will continue to use the same one.
Thank you.

Hi Taxpayr-Jo25x,
You would need to contact the Inheritance Tax Office for details on 0300 123 1072.
Thank you.

Hi FT,
As the due date for paper returns was 31/10/23, you will be automcatically charged a late filing penalty.
You must send the whole return in the same format and cannot file online and then submit the SA109 in paper form.
Thank you.