HMRC Admin 20 Response

Hi HMHippo,

Foreign tax credit relief can only be claimed if UK tax is due on the same source of income.
It cannot be used for anything else. this is based on the end of year total income details and year end filing.

Thank you.
 

Hi Lsuki,

You would only get relief on the Canadian tax if you are a UK resident.
As a Canadian resident you would claim relief for the UK tax.

Thank you.
 

Hi Ian,

If you bring the income into the UK it is seen as a remittance - Commonly foreign income and gains are ‘remitted to the UK’ if they (or something deriving from them) are:

brought to, or received in, or used in the UK by you or another relevant person
brought to, or received in, or used in the UK for your benefit or that of another relevant person
used to pay for a service provided in the UK to you or another relevant person
used to pay for a service provided in the UK for your benefit or that of another relevant person
used outside of the UK for a relevant debt in the UK  
                                                                                                                                                                                                                                                                                                              if not brought to the UK and you are claiming the remittance basis then it doesnt need to be reported.

Thank you.

Hi rl11,

That is correct.

Thank you.
 

Hi JamesL27,

You are correct on both.

Thank you.
 

Hi tompalmer,

If you meet all the conditions detailed on the HS293 under the section Loans that Qualify, then yes you can make a claim.

Thank you.
 

Hi Michael Thexton,

This should be done in writing giving details of the company, the date of investment and the date 'sold'. the letter should be sent to
HMRC,
PAYE & Self Assessment
BX9 1AS

Thank you.

Hi drake01 Williams,


I would advise you and your employer to look at Expenses and benefits: accommodation.
If it isn't exempt then the amount added to the payroll will most likely be taxable.
I would also suggest if you have any further questions you could get your employer to contact the Employers Helpline on 0300 200 3200.

Thank you.

Hi Martin Mich,

It may need to be reported as a taxable benefit, we would need more information on this, can you please call us on 0300 200 3200.

Thank you.

Hi WK CHAN,

If you need to register with Companies House then you will automatically receive a UTR for corporation tax purposes following registration, you will not be able to use the Self assessment UTR.
If you do not receive any income from the company you may not need to submit a self assessment return, unless you need to for other reasons, you will however need to check the position with my colleagues in Self assessment. 

Thank you.