HMRC Admin 17
Joined: 1/20/2021
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RE: vat repayment
Hi,
Please contact the Helpline on 03002003700 so that we can open up your account and see what the position is in regards to the repayment.
It's not unusual to see a repayment on the account for £0.00 while the repayment is being processed but this should
change to the true repayment amount once we release the repayment .
Thank you.
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Transfer of funds from foreign account
Hi,
You are correct that funds from tax years where you were not UK resident, can be brought to the UK without being liable to UK tax.
It does not matter how you transfer the monies into your UK bank account .
Thank you. -
RE: External examining income and trading income allowance
Hi ,
In the tailor your return section of the online tax return, tick 'yes' to self employment, complete the appropriate boxes and save and continue.
When you are in the sect 4 - fill in your return, select 'yes' to turnover over £85000,
so that you get the SA103F boxes to complete .
Thank you. -
RE: External examining income and trading income allowance
Hi ,
When tailoring your return, you can tick the option for pensions .
Thank you. -
RE: Foreign tax relief on Self assessment
Hi ,
Please agree the figure of £0.00 and navigate to the actual calculation.
In the calculation, you will see how much capital gains tax is payable.
If this is more than the overseas capital gains tax paid, you should click on go back to the foreign tex credit box and
enter the amount of overseas capital gains tax paid.
If the UK Capital gains figure in the calculation is lower than the foriegn capital gains tax paid, then you go back
and put in a credit equal to the UK capital gains payable.
Thank you .
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RE: Locum NHS worker tax for business expenses
Hi ,
If the NHS is deducting tax from your locum income, you would appear to be employed by the NHS and not self employed.
Have a look at :
Claim tax relief for your job expenses
for information on travel and overnight expenses .
If you are self employed, the rules will be different.
Have a look at :
Expenses if you're self-employed , for car, van and travel expenses.
Thank you. -
RE: UK Tax on a Canadian RRSP
Hi ,
I regret that we cannot provide scenarios.
The double taxation agreement basically states that the lump sum is taxable both in Canada and the UK, with no tax relief allowable in the UK.
However, the double taxation agreement on lumpsums means the UK is required to give a credit against UK tax of up to 100% of the Canadial tax paid, to avoid double taxation.
The full £20000 is taxable in the UK in addition to any other income and a foreign tax credit of up to £5000 can be claimed,
depending on how much UK tax is payable on the lumpsum.
Thank you. -
RE: Non-resident self-employed doing some work in the UK
Hi
mafcer ,
As a non UK resident, you have income from a UK property or land, then that income is taxable in the UK and a tax return is required.
If you are non resident in the UK and you undertake self employed work for UK clients, where they may even pay you via a UK bank account, then this income is not taxable in the UK, but in your country of residence.
Interest that arises from the UK bank account is taxable in the UK, but as disregarded income. where that interest exceeds £10000,
you will need to complete a self assessment tax return.
Thank you . -
RE: Carrying forward a property loss
Hi,
Thank you for your question.
On the online SA form under Property income, on the page headed Profits & losses From other property income there are various boxes including Loss brought forward used against this year's profit.
There is also a box titled Loss set-off against 2022-23 total income (this will be unusual) then at the bottom of the page there is a box to include Loss to carry forward to following year, including unused losses brought forward:
If this is not clear I suggest you contact SA helpline on 0300 200 3310 to discuss this further with an advisor.
Thank you. -
RE: Self-employed foreign income
Hi,
Overseas self employment income is declared in the self employment section as part of the turnover and expenses.
If you have had foreign tax deducted from your overseas self employment income, then you would also need to
declare this in SA106 and claim a foreign tax credit for the overseas tax paid .
Thank you.