HMRC Admin 20 Response
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RE: Overseas Remote employee for a UK based employer
Hi Garysharp1,
You would need to contact the PAYE helpline on 0300 200 3300 or the webchat facility at Self Assessment: general enquiries.
My colleagues might be able to write a letter confirming receipt of the P85.
Thank you. -
RE: Calculation of adjusted net income - conflicting guidance
Hi George Williams,
Adjusted net income - add together the total income liable to income tax
This includes:
income from employment before tax
profits from self employment
employment benefits (for example medical benefit, car benefit)
pensions including State Pension
income from property
gross savings and dividends
deduct any allowable reliefs
This includes:
Professional Subscriptions
Flat Rate Expenses
Job Expenses
Payments to pension schemes that have been made without deduction of tax (a gross payment)
Trading losses (early trade loss, trade loss relief against general income, property loss relief against general income)
Qualifying loan interest payments
deduct any grossed up:
Gift Aid donations
pension contributions
do not deduct any pension payments made under net pay arrangements, these are deducted from salary before the employer provides PAYE and are therefore ignored for the purposes of calculating adjusted net income
add any relief claimed for payments to trade unions or police organisations. Tapered annual allowance is a different thing altogether - this is to determine the amount of money you can pay into your pension without having a tax charge -
HS345 Pension savings — tax charges (2023)
Thank you. -
RE: Ask about self assessment
Hi WAI LEUNG YIP,
Please refer to the online checker tool at Check if you need to send a Self Assessment tax return
Thank you.
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RE: Working on an incorrect tax code
Hi Myat,
Please telephone 0300 200 3300 for your code to be updated.
Thank you. -
RE: Is Capital Gains Tax an expense/liability when calculating IHT
Hi rdmmcl2015 maca,
No as its the actual value of the property that forms part of the estate.
Thank you.
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RE: Tax refund to Agen
Hi Alan
You can get a copy by contacting HMRC to access your records. Income Tax: general enquiries.
If there has been a scam claim on your behalf you would need to report the details to action fraud 0300 123 2040 website www.actionfraud.police.uk
Thank you. -
RE: ISA Transfers and new ISAs
Hi jimbo68,
You can only open 1 cash ISA each year and the transferring of one fund to another new one is stil classed as opening a new account so you would not be able to open another.
You can open other types of account just not another Cash Isa - Individual Savings Accounts (ISAs)
Thank you. -
RE; Higher rate tax relief on pension contributions via salary sacrifice
Hi leedsleeds,
No.
The salary sacrifice is seen as employer contributions and no relief is due,
see EIM42780 - Salary sacrifice: contributions to a registered pension scheme: income tax effects for confirmation.
Thank you. -
RE: Transferring money from US to UK
Hi L woo,
This depends on your actual tax residence status for the year.
If you qualify for split year then you only report any foreign income for the UK part of the year RDRM12000 - Residence: The SRT: Split year treatment.
If you do not qualify then you will need to report all your foreign income to the UK Tax on foreign income.
The guidance at RDRM12150 will help you work out if split year treatment applies.
Thank you.
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RE: If I sell my Royalties/Revenue Share from an IP, is that a Capital Gain, or regular Income?
Hi Callum Luckwell,
This is likely to be regarded as the disposal of an asset.
Please refer to CG12000 - Chargeable assets: intangible assets: introduction for guidance on chargeable assets.
Also CG12700 - Disposal of assets: generalfor details about disposals.
Thank you.