HMRC Admin 25 Response
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RE: Self Assessment refund delays
Hi Charles Geoghegan,
If you are waiting on a repayment from your return submission and we have not contacted you, contact us by webchat or phone here:
Self Assessment: general enquiries
We can check on the progress of your repayment.
Thank you. -
RE: Gift money and tax
Hi askingforafriend,
No, this would be seen as a cash gift and is not taxable.
Thank you. -
RE: Partial Pension Encashment income and Income Tax Refunded or Set-Off section on Tax return
Hi M Goodall,
1. Declare this as a pension on your tax return
2. Declare the refund within the return as a refund already received for the year.
Thank you. -
RE: Tax free savings allowance?
Hi David Corless,
Yes, you are correct.
Further guidance is here:
Tax on savings interest
Thank you.
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RE: Tax on foreign dividends
Hi jj tax,
You need to show this on the SA106. enter the full dividend received and on the first box of the SA106, show the Foreign Tax Credit Relief that you are claiming.
Thankyou. -
RE: QROPS From funds solely originated from UK registered pension funds
Hi D Bon,
If the non-UK scheme is registered, any lump sum will be taxable in the same ways as lump sums paid from a UK based registered pension scheme. The taxation of lump sums paid from registered pension schemes remains unchanged.
Chapter 1 - conditions a scheme must meet to be qualifying overseas pension scheme (QOPS) or recognised overseas pension scheme (QROPS)
For guidance on lump sums, please have a look here:
Tax when you get a pension
Thank you. -
RE: Gift money and tax
Hi Konstantin,
There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to Inheritance Tax regarding any Inheritance Tax Implications.
Rules on giving gifts
Inheritance Tax: general enquiries
You may also want to review the guidance here:
How Inheritance Tax works: thresholds, rules and allowances
Thank you. -
Re: How is the personal pension payment for the coming tax year calculated?
Hi Victoria Jones,
To confirm why our systems have calculated this update to your code, we would need to review your record.
To allow us to do this, contact us by webchat or phone here:
Self Assessment: general enquiries
Thank you. -
RE: Allowance
Hi Gregmuzz,
Your tax free allowance is the amount of money that you can earn without having to pay tax at the basic rate (20%) - so your standard tax free allowance of £12,570 means not having to pay £2,541 of tax on your income.
If you owe £209 of tax, and you want this to be collected via your tax free allowance, we reduce your tax free allowances by the amount of these allowances that £209 corresponds to - £209 of tax would be paid on £1049 of income, hence the drop you've seen.
As your tax free allowance is spread over 12 months, so too then is the £209 reduction- you should see an extra £17.42 being deducted from your wage every month to repay your underpayment.
If you see a larger deduction in your wage, though, contact us by webchat or phone here:
Income Tax: general enquiries
Thank you. -
RE: Online Services for Self Assessment 2022/2023 - Split Year Residency
Hi Thamondran Nair,
As you will need to include the residence section with your return, you will need to use 3rd party software to file.
You can claim Foreign Tax Credit Relief against the rental income for the UK part of the year.
Thank you.