HMRC Admin 20 Response

Hi ranjitgills,
Any deposits into the fixed deposit account, from income that has been taxed in the UK, would not be taxable when brought back to the UK, as the money would be capital and not income.
Thank you.

Hi Laura Higgins,
I am sorry you woud need to contact HMRC to review this for you.
Contact HMRC
Thank you.

Hi RL28,
If you have still not received your UTR then you will need to contact HMRC to review. Self Assessment: general enquiries
Thank you.

Hi Taxtax,
You would need to declare the BIK on your Self Assessment tax return.
Your 2023/24 tax code has been adjusted to collect tax on the BIK in the current tax year.
You will not pay tax on the BIK twice as the tax paid is for 2 different tax years. 
Thank you.

Hi FaisalNasir,
Yes the purchase costs and sale costs can be included as a deduction when working out any capital gain/loss.
Thank you.

 

Hi Lint,
This depends on whether you class this as a trade or spread betting. if the latter, no gain or loss is chargeable. see guidance at:-
 CG56105 - Futures: financial futures: financial spread betting
Thank you.

Hi Alex Glasgow,
The payments on account are not shown on the calculation.
You will be credited with the payments on account on your statement of account which will update the balance due for 31 January.
If you check your current statement it should show any payments becoming due 31 January.
If you cannot find this online if you contact HMRC we can advise of payments becoming due.
Self Assessment: general enquiries
Thank you.

Hi Elizabeth Lindsay,
Please contact HMRC on 0300 200 3310 and ask to speak to a Taxes Technician.
Thank you.

Hi KM,
If you have untaxed savings interest then this will need to be declared on the Self Assessment tax return. 
Thank you.