HMRC Admin 20 Response
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RE: Pension tax refund
Hi,
If this is a personal pension that you are receiving payments for then on the Self Assessment tax return you would declare the pay and tax details as supplied by the pension provider.
Thank you. -
RE: Overseas property CGT
Hi,
As this disposal is of a property overseas, it must be declared in a self assessment tax return.
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
For your convenience, there are exchange rates at:-
Exchange rates from HMRC in CSV and XML format
and for older rates at
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2010.
You are free to use any of the supplied rates or one of your own choosing.
You will have to follow the UK rules for capital gains.
To help with this, you can use the calculator at Tax when you sell property, to work out the gain to report in your tax return.
Thank you. -
RE: Visa Sponsorship
Hi,
You would report the value of something the employee would normally have to pay themselves but the company is paying for them.
If the certificate of sponsorship and immigration skill charge would not be paid by them then it would not be included.
Thank you. -
RE: Salary sacrifice for school employees
Hi,
We may need to discuss this further please contact us on 0300 200 3200.
Thank you. -
RE: Late notification of marginal items of pay
Hi,
Marginal pay items would most likely be items of pay not considered core item such as the ones you've mentioned like salary, bonus etc.
Thank you. -
RE: Unused finance costs on Foreign Property where do I enter in the tax return
Hi,
Please enter the total amount, this will be used to calculate the basic rate reduction to your income tax.
If you are referring to box 45 on the SA105, page UKP2, then no, this is for UK property income.
The equivalent for foreign property income is on SA106, page F5 box 24.2.
I include the link to the SA106 guidance- Foreign notes
Thank you. -
RE: Personal Savings Allowance interaction with Rent-a-Room income
Hi,
For further information on how to report your income from property please refer to the helpsheet on our website at UK property notes
Thank you. -
RE: Export business
Hi,
If you are providing a freight service for exporting goods from the UK to Africa please see the guidance below, specifically section 4.1
Freight transport and associated services (VAT Notice 744B) 4. VAT liability 4.1 Place of supply is the UK
Thank you.
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RE: Sole trader in the EU exporting to the UK: does getting an EORI number mean opening a company ?
Hi,
Please contact our imports/exports helpline to see if they can provide help.
You can find their contact details on below link.
Imports and exports: general enquiries
Thank you.
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Short shipped goods now arriving - warehouse bond
Hi,
Please contact the supervising office of warehouse authorisations for the requirements on the entry.
Their contact details should be available on the letter they have issued you when the authorisation was granted.
Thank you.