HMRC Admin 20 Response
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RE: Reoccuring Incorrect Simple Assessment
Hi Richard Fox,
If you are receiving a Simple Assessment calculation you can discuss this with our Income Tax department:_
Income Tax: general enquiries
Thank you. -
RE: disposal of bonus shares
Hi MMYC,
If they are actual dividend payments, these will be under dividends.
If foreign dividends, they can still be declared here but if they amount to more than £2000, you must show them as foreign dividends on the foreign income section.
Thank you. -
RE: Claiming higher rate tax relief on pension allowance carry forward
Hi Hurricane75,
Tax relief would be limited to what your actual income is - Tax on your private pension contributions.
The carry forward amount is to cancel/reduce any pension tax charge that may be due if you contribute more than the anual allowance.
Thank you. -
RE: Non UK resideent need self assessment?
Hi Baggio Chan,
If you have no ongoing UK income you will not be required to complete a self assessment.
Thank you. -
RE: Any CGT on shares sold but buy back into ISA shares
Hi Winnie,
Please refer to guidance at CG51560 - Share identification rules for capital gains tax from 6.4.2008: the “same day” and “bed and breakfast” identification rules
Thank you.
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RE: Transfer of Swiss Pension
Hi Ian D,
This is possibly a certificate of residence that is required - How to apply for a certificate of residence to claim tax relief abroad .
Thank you.
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RE: Second payment amount changed after filing return
Hi Thomas Holmes,
You can disregard the paper bill.
These can be generated in advance of when they go out.
The online position will be the most up to date.
Thank you. -
RE: Paid into two Cash ISA's in error
Hi Donna Peerless,
Please take no further action and we will write to you after the tax year has ended if corrective action is required.
Thank you. -
RE: s my overall CGT the same as my CGT liability?
Hi Muriel Soriano,
It will be the same if you only have 1 gain. If more than 1 the overall liability will be higher.
Thank you.
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RE: Ukrainian Income UK Tax
Hi alertik,
You will need to submit a self assessment tax return, to show your foreign Ukraine income and the tax deducted (this needs to be declared in pounds sterling) and the tax deducted on this income in the UK.
You will need to claim a foreign tax credit relief against the Ukranian tax paid, this will prevent double taxation ocurring.
You will need to review the double taxation agreement, which can be found at Ukraine: tax treaties.
You will need to consider your individual circumstances and apply them to article 4 (residence).
This is the latest guidance on how taxation is applied and will help you determine your residence status for tax purposes.
If you need further guidance on this, you may need to consider seeking financial advice.
Thank you.