HMRC Admin 20 Response

Hi dedalos,

Yes, it is tax deductible, for further information on the gov.uk website please use the weblink
BIM42510 - Specific deductions: administration: company share costs etc.
You can choose to pay using the Ltd company’s debit card. 

Thank you.

 

Hi Tinku Thomas,

Please contact HMRC's corporation tax helpline on 0300 200 3410 with the company's CT UTR so that we can look at your query in detail. 

Thank you.

Hi jejd68,

The corporation tax agent can submit the company’s tax return online and if we need further supporting information, we will write to them.
The agent can then refer the query to the company to address.
The fact that the corporation tax agent files the return online does not automatically mean we will assume that they are the R&D agents or that
they have been involved in the preparation of any R&D report. 

Thank you

Hi koldyme,

Your employer will advise us when you have commenced your second job within 35 days of starting.  
We will then review your tax codes.  
If you are using all your personal allowance of 12570 with your first job then your second job will have a tax code of BR (Basic Rate).  
If you are not using your full personal allowance at your first job then we can allocate some of your unused allowances to your second job.

Thank you.

Hi Ashley Branson,

Please contact us as we will need to access your record and pass your call through to our Students Loan Department to get this sorted.
Income Tax: general enquiries

Thank you.

Hi Baggio,

There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.  Further guidance can be found here Tax on savings interest and Tax on dividends.   
There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to inheritance tax regarding any inheritance
tax implications How Inheritance Tax works: thresholds, rules and allowances and Inheritance Tax: general enquiries.  
You may also want to review the guidance at How Inheritance Tax works: thresholds, rules and allowances. 

Thank you.

Hi Richard Birkhead,

When an item is marked as “complete” this means we have processed it.  Please contact us for us to check your claim and what is happening with it.  
Please see Income Tax: general enquiries
If you do not wish to contact us by phone you can use the option at the top “Ask HMRC Online” which will take you to our webchat service.

Thank you.
 

Hi Jasmin S,

You are correct in concluding that you don't have to complete a Self Assessment tax return.  
Check if you need to send a Self Assessment tax return   
Detailed information on the tax rules re: savings interest is provided here:
Tax on savings interest

Thank you.

Hi Almoore,

1. Yes, you should declare foreign dividends in the appropriate section of the Self Assessment Foreign pages (SA106).  
2. You are correct is stating that the transfer of money from an overseas bank account to a UK account has no income tax implications (though any interest or dividends generated may be taxable).  
3. As regards the HK Cash Payout, I would suggest that you provide details in the 'Any Other Information' box of the relevant Self Assessment tax return.

Thank you.

Hi ac0922,

As we will require further information from you to trace your original application please contact our Self Assessment helpline on 0300 200 3310.

Thank you.