HMRC Admin 25
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RE: Income tax on annuity where NO 25% lump sum taken
Hi Jeff Holt,
The guidance here:
EIM75300 - The taxation of pension income: annuities chargeable to tax as pension income
Advises that UK annuities are subject to tax on the full amount of the annuity arising in the tax year.
The person liable to pay tax is the person receiving or entitled to receive the annuity.
This applies whether or not they are UK resident.
Annuities under non-registered occupational pension schemes are subject to PAYE.
Thank you.
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RE:Money Transfer
Hi Vincent GANNIER,
Payable orders and bank transfers can only be paid into UK bank accounts.
If you are not able to make a payment into a UK bank account, your only option would be to nomainate another person to receive the payment on your behalf, so that they can transfer it to you.
If you wish to do this, you would need to write to:
H.M. Revenue and Customs
Pay As You Earn
BX9 1AS
Advising that you returned the cheque and provide the details of the persion to receive the repayment on your behalf.
Thank you.
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RE:Third party software - why so necessary for partnerships?
Hi Mike Johnson,
The HMRC online tax return, does not support certain types of tax return.
The guidance advises "You cannot file a Self Assessment tax return online: for a partnership, for a trust or estate, if you lived abroad as a non-resident, to report multiple ‘chargeable gains’, for example from life insurance, if you get income from a trust, you’re a Lloyd’s underwriter or a religious minister.
In these circumstances you will need to use commercial software or download other forms instead.
File your Self Assessment tax return online
Thank you. -
RE:UTR number
Hi amrt,
Normally, if self employed you would include the UTR on the invoice.
Thank you. -
RE:Trying to register for self assessment
Hi Miguel JLAPT,
If you are unable to register online you can download and submit the form to register for Self Assessment.
If self employed the form will be CWF1 and if not self employed the form is a SA1
Check how to register for Self Assessment
Thank you. -
RE:Non-resident, based entirely overseas, and doing some work for a UK client
Hi Soo,
If there is a tax treaty between the UK and your country of residence, please check if there is an article for self employment or other income.
It is most likey that as you are not UK resident when undertaking the freelance work, it is only taxable in your country of residence.
The interest arising in a UK bank account, would normally be taxable in the UK, but would be treated as disregarded income, when you are not resident.
If the interest exceeds £10000, you would be required to declare it in a Self Assessment tax return.
Tax treaties
Thank you. -
RE:UK Capital Gains Tax on Foreign Shares as Non-resident
Hi UK Domiciled,
You would need to review the tax treaty, if there is one, between the UK and the other country, regarding Capital Gains Tax.
You will find the treaties at.
Tax treaties
Thank you. -
RE:PAYE Tax calculation for 2022-2023
Hi Arthur Mckeown,
We would need to access your record to check why the 2022/23 tax year has not yet been reviewed.
You can contact HMRC here:
Income Tax: general enquiries
Thank you.
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RE:The £50,000 threshold for filling the Capital Gains page
Hi C K,
Money from an ISA are not taxable so you would not include these and they do not form part of the 50k for CGT reporting.
Thank you.
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RE: Returning overseas savings to the UK
Hi kevinh,
Life insurance / assurance policies, qualifying or not, are not considered pensions by HMRC.
Please have a look here for guidance on the meaning of life insurance and life assurance.
IPTM1100 - Fundamental concepts: what is insurance?
And for pensions
Definition of a pension scheme
They are quite separate.
Thank you.