HMRC Admin 20 Response

Hi derek moran,

You will need to contact our Income Tax department as this sounds as though the request is not going through.
Income Tax: general enquiries

Thank you.

Hi winglam,

Please refer to guidance at:- HS321 Gains on foreign life insurance policies (2023)

Thank you.
 

Hi Horseage,

You are correct.
Her starting point would be the reduced personal allowance following the transfer.

Thank you.
 

Hi James,

Please enter the totals of the gains in box 4, but leave box 5 (the years box) blank.  
Instead in the additional information box on page TR7 of SA100, please provide details of each individual policy,
the amount of each individual gain, the amount of tax taken off each gain, the relevant ‘number of years’ for each gain, as specified on the chargeable event certificate.  
HMRC will calculate the number of years to enter in box 5 of SA101.

Thank you.

Hi Karen,

You need to apply for split year treatment on the residence page SA109
Residence, remittance basis etc (Self Assessment SA109).
This should be sent along with the SA100 and any other relevant pages of the return.

Thank you.

Hi Helen Prinsloo,

Income and capital gains is taxable on the 'arising basis' in the UK on your world-wide income, even if you do not remit the income to the UK.  
As you are in receipt of foreign income, you meet the criteria for completing self assessment tax returns.  
You can either complete a tax return online or download and printSelf Assessment tax return forms  
Have a look at the overview of self assessment, from here, you can register for and submit tax returns.

Thank you.
 

Hi AMTAX,

You will need to take the residence tests to determine your tax residence status and whether split year treatment applies (RDR3 Statutory Residence Test).
If split year treatment applies, you claim it in a self assessment tax return (SA100 & SA109) but do not include this foreign income.  
If split year treatment does not apply and you are resident for the full tax year, you will need to report the income and tax deduced in your tax return and claim a
foreign tax credit for the overseas tax paid.  
Tax returns and supplementary pages can be found at Self Assessment tax return forms.

Thank you.

Hi HelpForumLK Khan,

If you register we would reactivate the UTR from the required tax year.

Thank you.
 

Hi FK01434,

Hello for us to pay into an overseas account it must have the below information For HMRC to make a payment into your overseas bank account, it must be:
In the name of the company owed a repayment.
Associated with a named business owner or an authorised person with a Government Gateway ID.
Able to accept repayments in pounds sterling.

Thank you.

Hi CodeNinjasEpsom,

Hello unfortunately we cannot tell you which Flat Rate to choose however please refer to more extensive list here if you cannot find anything specific
you can select any other activity not listed 12% FRS7300 - Trade Sectors: A to Z of flat rate percentages by sector.

Thank you.