HMRC Admin 25 Response

Hi Veterans84 Powell,
As per the wording - If an individual has had one (or more) BCEs occur prior to 6 April 2024, these events must be reflected when calculating the individual’s remaining lump sum allowance availability via the standard transitional calculation.  

Where the individual doesn’t hold a valid transitional tax-free amount certificate, this is achieved by deducting 25% of the individual’s lifetime allowance previously-used amount from the lump sum allowance.
For most individuals this is £268,275, unless they hold a valid protection.   
 
If the individual’s lifetime allowance previously-used amount after the 25% deduction, is greater than or equal to the lump sum allowance, then the individual’s lump sum allowance after applying the transitional calculation will be nil.
This means the individual will be unable to take further lump sums tax-free.                                                                                                                    This guidance applies to everyone and no matter where their pension is from.
Thank you. 

Hi Siu Bing Wong,
If not claiming the remittance basis then you are taxable on your worldwide income and need to declare it in the UK  whether you remit it or not. as such, any remittance boxes are not applicable.
Thank you. 

Hi JRCC,
For full guidance, please see this link, 
Interest on savings for children
Thank you. 

 

Hi George,
You can conatct our Self Assessment helpline:
Self Assessment: general enquiries
Thank you, 

Hi Curt Herzog,
It's possible that the overpayment calculated has been applied against another amount due on your statement.
To allow us to confirm this, please contact us by webchat or phone  here:
Self Assessment: general enquiries
Thank you 
 

Hi ilona_threeboxes10,
If the plan established includes this amount, then no late payment penalty should be applied.
To confirm your client's plan with our debt management team,  please call 0300 200
Payment problems
Thank you. 

Hi Pavel,
Limited companies that are incorporated in the UK are normally subject to orporation Tax on their worldwide profits.
 UK-incorporated company is, with certain exceptions, resident in the UK for tax purposes.
Companies may also be required to register for value-added tax (VAT) and pay-as-you-earn (PAYE).
You can find HMRC guidance on each of these topics by going to:
Corporation Tax
Register as an employer
Thank you. 
 

Hi tungtax,
Please refer to the SA106 help notes:
Use these notes to help you fill in the Foreign pages of your tax return
When completing the foreign pages to include overseas rental income, you can claim relief for residential finance costs by completing box 24.1 on page F5.
If this does not include the relief in the calculation please call our Self Assessment online technical support team. 
Technical support with HMRC online services
 Alternatively you can submit a paper tax return. 
Thank you. 

Hi Yui Joe Cheung,
Anything posted or couriered to you from another country goes through customs to check it is not banned or restricted and you pay the right tax and ‘duty’ on it.
There are certain thresholds which are explained in below guidance:
Tax and customs for goods sent from abroad
Customs charges are applicable based on the total value of the items.
Please check below guidance on how to work out the customs value for Customs Duty, import VAT and trade statistics if you’re an importer or clearing agent.
Working out the customs value of your imported goods
Thank you. 
 

Hi nany0017,
If you have not received notification that this invidual should be exempt from paying tax on earnings in the UK then they would still be liable to paying tax in the UK.
Please see:
2024 to 2025: Employer further guide to PAYE and National Insurance contributions 
Sections 4.6.4 refers. 
For information on when an employee leaves the UK.
Thank you.