HMRC Admin 20 Response
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RE: Self assessment amendment - foreign income
Hi wikas,
As you are submitting on paper, all you would need to do is submit SA109, with a covering letter advising it is an amendment and that part of the amendment is to remove the SA106, becasue you will be claiming the remittance basis for the foreign rental income.
Alternatively, if you have paid foreign tax on the property income, you could claim a foreign tax credit of up to 100% of the foreign tax paid, so that you are not taxed twice on the same income.
Have a look at the guidance at RDR1, as this is not always the best option (Residence, domicile and the remittance basis: RDR1).
Thank you. -
RE: Driving Instructor Car and Capital Allowance
Hi Wayne Sanderson,
You cannot claim simplified mileage expenses if you’ve already claimed for the vehicles in another way.
You will therefore need to claim for actual costs.
Thank you.
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RE: Do I need to file tax 2022
Hi Christian Tsang,
No as you will still report your income to Hong Kong.
Thank you. -
RE: Contribute to to UK pension when living abroad
Hi misterwood,
Yes, you can receive tax relief on contributions up to £3,600 a year for five tax years after moving abroad.
This is because the availability of tax relief from UK income tax on an individual’s contributions to a registered pension scheme is dependent on there being a relevant UK individual during a tax year.
An individual will be a relevant UK individual for a tax year if they have relevant UK earnings chargeable to UK income tax or (amongst other alternatives) they were tax resident in the UK both at some time during the five tax years immediately before that year and when they became a member of the pension scheme.
It’s important you inform your pension company of your circumstances so that they know when to stop adding tax relief to your pot.
Please note these contributions must come from a UK bank account.
Thank you.
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RE: LTD CO STARTUP NO WAGES
Hi
I am sorry, HMRC cannot provide accounting advice.
However, you may wish to engage the services of a third party or accountant to advise you on this matter.
Thank you. -
RE: CIC by Guarantee Tax on Profit
Hi purplefleece,
A trade may be carried on for tax purposes, even though there is no intention to make a profit.
Once a trade is deemed to be carried on, there is a liability to tax on any resulting profit.
You may wish to consider, if your company can apply for "Mutual Trading " status, please see our web page
BIM24000 - Meaning of trade: mutual trading and members clubs
Thank you.
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RE: National Insurance Credits
Hi Theresa Lynch,
Unfortunately we cannot comment on individual circumstances via this Forum.
If you are not entitled to JSA and are claiming other benefits/credits, you should contact your local Job Centre or the Office where you made any claims for benefit to confirm what/if any Credits you may be entitled to in your situation.
If you are not working and not claiming any benefits, you may apply to pay Voluntary NI contributions which count towards Basic State Pension.
You may wish to Check your State Pension position before deciding to make any voluntary NI payments.
Please visit Check your State Pension forecast ) for more information and applying for a Pension Forecast.
Thank you.
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RE: Don't understand my state pension forecast
Hi Sue Brignell,
You can check your State Pension Forecast through your Personal Tax Account if you have registered for this or on the HMRC App.
You can also check you State Pension at Check your State Pension forecast which also gives advice about planning for Retirement.
Each person’s circumstances are different and if you have any questions about your Pension Forecast, you can contact the Future Pension Centre for advice.
You will find lots of useful information and their contact details at the above link online.
Thank you.
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RE: NIC from abroad, paid for 10 years, only 6 showing
Hi Callum McCourt,
Unfortunately, without checking your personal records I am unable to confirm where your payment has been allocated to.
Please contact our helpline on +44 19 1203 7010 (lines are open from 8am to 6pm, Monday to Friday) to check if your payment can be allocated
to the years you intended them to be allocated to.
Thank you.
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RE: Have you received my Capital Gains Tax Form?
Hi David Jones,
As personal information should not be given on this forum you would need to telephone or use webchat to confirm receipt.
Thank you.