HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Applying Digital Nomad Scheme but still PAYE employee
Hi,
Yes your employer can continue to pay you through PAYE.
With regards to NI, please refer to guidance at :
National Insurance if you work abroad .
There should not be any need for your employer to change the way they pay you .
However, you will need to apply to get your tax code changes to allow this to happen .
Thank you. -
RE: Cash gift from parents outside UK
Hi,
Here 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 .
Thank you. -
RE: Split year treatment
Hi,
If you want to claim personal llowances then yes you need to complete these boxes .
Thank you.
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RE: Reporting CGT on Overseas Property sale
Hi,
Yes you are correct .
Thank you. -
RE: Split year treatment
Hi,
You do not need to report the last payment from your employer in Hong Kong .
Thank you. -
RE: Split year treatment
Hi,
There are no tax implications re: the transfer of funds from an overseas bank account to a UK bank account.
You may however have to declare any interest that arises.
See link:
Tax on savings interest .
Thank you. -
RE: BNO
Hi,
Yes, if
(a) the asset was worth less than £49200, and
(b) the gain was fully covered by your Capital Gains
Allowance (£12300) you do not have to report the gain in a Self Assessment tax return.
Thank you.
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RE: Split year treatment
Hi
Emma ,
You can register for self assessment via the following link :
Tax on foreign income .
Thank you. -
RE: Money transfer
Hi,
There are no tax implications transfering money as a gift.
However you may be required to pay tax on any bank interest you accrue on the funds.
Thank you. -
RE: BNO