HMRC Admin 20 Response
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RE: Self Assessment foreign income
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RE: Digital Nomad Visa - employers liabilities
Hi,
You can find the tax treaty between the UK and Greece at 1953 Greece/UK Double Taxation Convention.
There is no agreement for tax purposes on employment income or other income in the agreement.
Further information may be found at DT8250PP - Double Taxation Relief Manual: Guidance by country: Greece:.
Thank you. -
RE: 401(k)
Hi,
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at z
Contact HMRC or seek professional advice.
Thank you. -
RE: partnership tax return
Hi,
Page 7 of SA800 or SA800(PS) can be printed multiple times to accommodate all of the partners in the partnership
Partnership Statement (Full) (2024)
or
SA800man_2024
Thank you. -
RE: Living outside UK, tax on military pension
Hi,
You can apply to have it paid tax free in the UK - Double Taxation: Treaty Relief (Form DT-Individual)
Thank you. -
RE: Question about monthly and yearly currency exchange rates
Hi,
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
Exchange rates from HMRC in CSV and XML format.
You are free to use any of the supplied rates or one of your own choosing.
Thank you. -
RE: Paid for work for my landlady plus reimbursement of utilities/appliances/tools
Hi,
If you are trading as self employed, you either claim the trading income allowance or claim deductions for expenses, but not both.
As a sole trader, you are buying stock (the white goods if you will) and selling the stock at a price that includes the cost of the goods and labour.
The annual cost of goods and labour, is your gross turnover. It is from the gross turnover, that you deduct the trading income allowance or the expenses, but you cannot claim both.
It would be the same with the electricity. If your gross turnover exceeds £1000 in a tax year, you meet the criteria for completing a self assessment tax return.
Alternatively, if you have to complete a self assessment tax return, you can enter the labour payments and other payments for your trouble in boxes 17 to 21 of SA100.
Have a look at the notes at Tax Return notes Tax year 6 April 2023 to 5 April 2024 (2023–24).
Please also note the guidance on record keeping at Business records if you're self-employeds.
If you do not need to complete a tax return, then you will need to declare in writing each year, your miscellaneous income, such as casaul earnings.
Thank you. -
RE: HMRC cheque for tax refund
Hi Veronika,
There are options avaiable to you,we can re-issue the payable order to someone else on your behalf, if you still have contacts in the UK.
We will need to cancel the original payable order first, so you will need to contact ourselves to start the process.
Income Tax: general enquiries
Thank you. -
RE: Part time second job tax
Hi annamakri,
The standard tax code for 24/25 is 1257L for the year, which allows you to earn £1047.50 / month before tax will be deducted, after that the next tax band will be 20%,
The code 688L you have quoted sounds like your tax code has been split between 2 sources of employment.
You will need to contact HMRC to find out the reason for this tax code- HMRC's digital assistant should be able to assist in tax code questions
Income Tax: general enquiries
Thank you. -
RE: Having a business vehicle and Personal Fuel Payments