HMRC Admin 20 Response

Hi David_McD27,

You need to contact the Childcare Service helpline regarding this query Childcare Service helpline

Thank you.

Hi winglam,

Article 18 advises that salaries, wages and other similar remunerations paid by the government of Hong Kong, in respect of services rendered in
Hong Kong, is only taxable in Hong Kong. If this applies to your situation, then the income does not need to be reported to HMRC, as it is not taxable in the UK.

Thank you.

Hi AlexNihon27,

There is nothing for you to declare.  
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).  
You would need to report the interest in a self assessment tax return.

Thank you.

Hi damiantelec,

If they don't accept cheques, you can nominate someone else to receive the repayment on your behalf, or find another way to cash the cheque.

Thank you.

Hi twdev,

You will need to convert the dividends yourself, using either the official rate on the day, which is reported in most national newspapers.  
Or, alternatively, use the official exchange rate at Exchange rates from HMRC in CSV and XML format.  
You are free to use the monthly, annual or spot rate.  
There is no tax relief for costs incurred in converting the currencies, as legislation adivses that there is no gain or no loss when converting,
which is why you cannot use the brokers figures.

Thank you.

Hi Sixto Olson,

If this is the first year of declaring this income, just use the whole year as if it is the same as the UK tax year and continue with that method going forward.

Thank you

Hi ASLondon,

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).  

Thank you
 

Hi Sixto Olson,

If you are resident in the UK and have any foreign income, regardless of how much there is, it must be reported in a self assessment tax return.  
The disposal of the share, may result in a capital gains tax liability, which should be reported on a self assessment tax return.  
You will need to convert the buying and disposal value, plus buying and selling costs to pounds sterling, using the official exchange rate in place at the time of buying and selling.
The official exchange rates can be found at Exchange rates from HMRC in CSV and XML format and archived rates at Exchange rates.

Thank you
 

Hi annan,

You do no mention the type on income you have in the UK, as income from UK property is taxable in the UK, even if you are not resident.  
You will need to review the guidance and tests at RDR3 (RDR3 Statutory Residence Test) to determine if you are resident in the UK for tax purposes.
If you are not resident for tax purposes in the UK and the income is not from UK property, then you would send the Tax Residency certificate, along with
a fully completed DT Individual form, which can be downloaded at (Double Taxation Treaty Relief - DT Individual).  
You may also find this link helpful Visa and Emirates ID

Thank you.

Hi Sixto Olson,

Yes.  All parts of your foreign capital gains calculation must be converted to pounds sterling, using an official echange rate in place at the time.  
The official exchange rates can be found at:- Exchange rates from HMRC in CSV and XML format.

Thank you.