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HMRC Admin 17 Response

HMRC Admin 17 Response

Joined: 1/20/2021

  • RE: Money transfer

    Tue, 27 Sep 2022 14:01:32 GMT – Money transfer

    Hi,
     
    Please refer to guidance at :

    Tax on foreign income   .

    Thank you.

  • RE: Cash gift from parents outside UK

    Tue, 27 Sep 2022 13:53:50 GMT – Cash gift from parents outside UK

    Hi
     
    Alberto Fernandez ,
     
    There are no income tax implications on the receipt of a cash gift unless the income generates interest or dividends.

    These would then potentially be subject to tax. 

    Further guidance can be found here :

    Tax on savings interest    and :

    Tax on dividends  .

    You may also want to look at guidanc at :

    Tax on foreign income     .

    Thank you.

  • RE: BNO

    Mon, 26 Sep 2022 12:57:42 GMT – BNO

    Hi
     

    Nella,

     
    Please see guidance at :

    Gains on foreign life insurance policies (Self Assessment helpsheet HS321)  .


    Thank you.

  • RE: BNO

    Mon, 26 Sep 2022 12:44:58 GMT – BNO

    Hi
     

    Nella" ,

     
    Yes it will be taxed the same way as other dividends that you receive :

    Tax on dividends  .

    Thank you.

  • RE: Foreign interest and dividends

    Tue, 20 Sep 2022 10:57:27 GMT – Foreign interest and dividends

    Hi,
     
    Yes the savings allowance £1000 can cover this but you still need to declare it.

    HMRC cannot refund tax from another country as this can only be used to set aginst any UK tax for the same source of income .

    Thank you.

  • RE: Money transfer

    Tue, 13 Sep 2022 11:04:47 GMT – Money transfer

    Hi
     
    kingkhl  ,
     
    No income tax is payable when you transfer funds from an overseas bank account to a UK bank account.

    However you may have to pay tax on any interest or dividends that arise.         

    See link:

    Tax on savings and investments: detailed information   .

    Thank you.

  • RE: Money transfer

    Tue, 13 Sep 2022 09:32:21 GMT – Money transfer
    Hi

    MEHMET SAHIN ,
     
    UK companies are obliged to deduct PAYE tax from the earnings of remote employees, so you will already be paying
    UK tax unless a code 'NT' has been authorised.

    Please contact HMRC when you move to the UK  for further advice on how to proceed :                                                                   :

    Employees working abroad  .

     If a UK resident transfers funds  from an overseas bank account to a UK bank account, the transaction is regarded by HMRC as non-taxable.

    Any interest or dividends arising when the funds are deposited in the UK account may however have to be declared.

    Thank you.
         
                                                                                                                   

  • RE: Email contact with HMRC

    Mon, 12 Sep 2022 13:03:06 GMT – Email contact with HMRC

    Hi,
     
    You cannot contact HMRC by email. 

    You will either need to telephone +441355359022 or write to HM Revenue and Customs
                                                                                                       BX9 1AS. 

    You can appeal penalties, provided we have received your tax return. 

    Guidance can be found at :

    Self Assessment: appeal against penalties for late filing and late payment .

    Thank you.

  • RE: Bank Details for Tax Refund

    Tue, 06 Sep 2022 13:18:09 GMT – Bank Details for Tax Refund

    Hi,
     
    It can take up to 10 working days from the date of issue.

    Repayments can be stopped for additional security checks and if we require any further information you will receive a letter.

    Thank you.

  • RE: BNO

    Mon, 05 Sep 2022 14:23:50 GMT – BNO

    Hi

    Ho Yee Shing,
     
    We are unable to answer specific questions. 

    There is guidance at :

    Tax on foreign income   , to help you determine your residence status .

    Thank you.