HMRC Admin 20 Response

Hi ak0310,

The actual capital that you transfer will not be taxable but any interest or dividends that this then generates will need to be declared as taxable income.

Thank you.

Hi George Keane,

Once a cheque has been issued we can't issue a replacement by any other method. We can also only send repayments to UK bank accounts.

Thank you.

Hi CIG1 Grant,

We are unable to comment on future events as legislation may change.
Based on current legislation, he would need to apply to have the pension paid tax free by submitting a double taxation exemption claim.

Thank you.

Hi KuenHK,

As it is a joint account, it would normally be split 50/50 for any interest that is received. you would therefore need to submit a declaration of trust to show that all interest is attributed to your father and your share is 0. Once this is done, you then do not need to report any foreign interest for that account. You would need to report it for previous years if you were UK resident and domicile.

Thank you.

Hi Mariosantos1979 Rocha,

You will not pay tax on the actual capital but will need to declare any interest or dividends that it generates. 

Thank you.

Hi sanjay,

You would need to check with the Australian tax authorities whether there would be a tax liabilty in Australia for the transfer of the pension to a UK pension scheme.
If your client takes a sum payable periodically, at stated times, then this would be taxable in the UK and not Australia.  
Your client would declare this foreign pension in a self assessment tax return.  
There is no tax relief for 'trivial cumutated lump sums.  
If your client takes the pension as a lump sum, this would be taxable in Australia and not the UK.

Thank you.

Hi sirdmark2014,

Send it to
HMRC, PAYE & Self Assessment
BX9 1AS.
You do not need to include a return envelope with it.
There is no child tax allowance in the UK, only personal allowances. 

Thank you.

 

Hi njc23,

You would need to wait until you have your P45 and that your travel arrangements are confirmed so that you know you are definately leaving.

Thank you.

 

Hi Danny Burns,

As you will be resident in Italy, you would report all of your income to the Italian tax authorities.  
If your pension is not arising from the UK, then this is reported to the Italian tax authorities.  
Any income from UK land and property must be reported to HMRC in a self assessment tax return.  
You will need to complete SA100 (main tax return), SA105 (Property) and SA109 (residence).  
The double taxation agreement allows for Italy to also tax your UK rental income, but you can claim tax relief for tax paid in the UK.  
You can register for self assessment at Register for Self Assessment, if not previously registered.

Thank you.

Hi Jane Jacob,

Unfortunately, the option to pay via Direct Debit for past tax years isn’t an available payment option.
We don’t offer any payments by instalments.
However, if you owe more than one year you can break it down and pay one year in full at a time. 

Thank you.