On the other hand, at here, I am checking Check if I need to send a Self Assessment tax return:
At the question 6, it says:
'6. Do you need to pay tax on any of the following?'.
There are options for it, one of them is 'Income from outside the UK'.
For this, I have income from outside the UK, those are saving interests, bond interest and share dividends.
I do not need to paying tax for these income to the foreign countries outside the UK.
However, I don't know whether I need to paying tax for these income in the UK or not. These income include GBP and foreign currencies. As calculated for conversion to GBP, the income all together is lesser than GBP 1800.
If I am a tax resident in the tax year, and based on all the information I mentioned above, for the question 6, am I need to pay tax for the 'Income from outside the UK'?
For my income circumstances, I could provide the information here.
Actually we have two people.
My mother, retired, not employed and not self-employed.
She got GBP 258 saving interest, and approximately GBP 1410 in foreign currencies for saving interest, bond interest and share dividends.
Totally 1668 as calculated for the conversion into GBP.
The second person is me, unemployed, and not self-employed.
I got GBP 168.55 saving interest, and approximately GBP 13 in foreign currencies for saving interest.
Totally 181.55 as calculated for the conversion into GBP.
With these information above, could you please tell me are we have to register for Self Assessment?
I am new to UK, entered UK at the last year.
I never did self-assessment and never paying tax in the UK before.
I also have no government gateway account because the system cannot verify my identity.
At the 3-Oct, I called HMRC by dialing 0300 200 3310.
I asked about the issue of self-assessment, and your staff told me that your department will send a letter to me within 3 weeks.
He told me that there will be some forms and instructions with the letter.
At a later time, I asked a tax advisor.
The tax advisor told me that I don't need to file tax. For the letter sending to me, the tax advisor also said that I should inform HMRC about this matter.
As 3 weeks passed, I have not yet receive any letter from your department, I called HMRC by dialing the same phone number yesterday.
Although I have gave my National insurance number to your staff, your staff has no idea of what letter is being sent to me.
I also don't know what is the letter about.
So, as the tax advisor told me that I don't need to file tax, I would like to ask:
1 Should I simply call your department again and tell your staff about that I don't need to file tax?
2 As your staff don't know what letter is being sent to me, and I have not yet receive that, can I simply ignore the letter issue?
At the Capital Gains Tax summary notes here:
It states 'Fill in the ‘Capital Gains Tax summary’ pages if: you sold or disposed of chargeable assets which were worth more than £49,200'.
My mother has give me money as cash gift, in both GBP and in foreign currency as well, which are much more larger £49,200 than.
At the same time, I had also transferred money back to her, it is also a large amount in foreign currency, but lesser than £49,200.
Actually, those cash gift and transactions are only for our family expenditure purpose.
I would ask to ask:
1 For my mother, is she need to mention it at the form SA108? If yes, is it on the Box 14-22?
2 For me. am I need to mention it at the form SA108? If yes, is it on the Box 14-22?
Thanks for your explanations.
I am asking this, that is because at here:
'You usually have to pay Capital Gains Tax when you sell or give away:
most personal possessions worth £6,000 or more (apart from your car)
any other assets, such as shares or a holiday home'
It seems something relevant to my parents who gave me the cash gift.
Are they also no need to pay capital gain tax for it and no need to mention it at the self-assessment?
I am checking if I need to do self-assessment.
The question 6 ask: Do you need to pay tax on any of the following?
One of the answer is 'Income from outside the UK'.
For this answer, is the wording 'need to pay tax' only means to pay tax outside the UK?
Secondly, if the meaning of this wording also includes the tax need to pay inside the UK, and as the money made from abroad is lesser than GBP 1300, am I need to pay tax for it?
So, as a gift receiver, the cash gift for me is not liable to income tax and capital gain tax.
Is it also not liable to income tax and capital gain tax for my parents who gave me the cash gift?
If so, am I and are my parents, all no need to mention the cash gift at the self-assessment?
1 At here:
There are three kinds of self-assessment. I am not employed and my only income is saving interest. Am I considered as 'not self-employed'?
2 I might miss the deadline (5-Oct ) for registering for self-assessment due to some difficulties of setting up government gateway account. If so, What could I do after that? Could I still register for it even after 5-Oct?
3 Is it no need to apply for government gateway account if I using register in paper form?
Thanks for you reply.
I would to know how to apply for split year treatment.
1 Is it simply tick 'yes' at the part of 'Residence, remittance basis etc' on the tax return form?
2 Is there any part of the form, I have to mention the date I arrive UK?
3 Is it to only fill in with the amount of income after arrival of UK for the Tax Return form?
I came from Hong Kong last year.
I have a 'Mandatory Provident Fund', which is a compulsory saving scheme (pension fund), still held in a company in Hong Kong.
There is no voluntary contributions for my Mandatory Provident Fund scheme, only mandatory contributions there.
I have not receive any pay out from it yet.
For this, am I need to mention it at the self-assessment?
If yes, is it at the part of 'Any other information'? What information I need to provide there?