HMRC Admin 25 Response

Hi Zorba,
If you meet the criteria to have the 2023/24 balance collected in your tax code then once updated to collect the balance the payments on account set up for 2024/25 will automatically be reduced to nil. 
Thank you. 

Hi Mike9jr,
The UK and Greece have an agreement that the issue of a Letter of Confirmation of Residence is enough to confirm you are tax resident in the UK.
If the Greek authorities will not accept this confirmation, then you need to have this confirmed in writing by the Greek authorities.
Please send the letter (no need to translate it) to HMRC BX9 1AS.
Where it will be assigned to a specialist team who liaise with the Greek authorities, to try to reach an agreement.
Thank you. 

Hi tonynsabine Sabine,
As this will be your first employment, you should advise your employer that you will need to complete a 'starter checklist', as you do not have a P45. Starter checklist for PAYE
You will need to obtain a National Insurance number, which you can do here:
Apply for a National Insurance number
This will allow a cumulative tax code of 1257L to be applied against your employment income, which will backdate your personal allowances to the start of the tax year, so that you should have paid the correct amount of tax by the end of the tax year.
Thank you.
 

Hi Barry,
 Sorry no.
The dividend is derived from the share and is taxed under income as dividends, using dividend rates.
Capital gains is a separeate tax entirely and is payable where the disposal value exceeds the allowable costs.
Both are declared on SA106, where a foreign tax credit can be claimed for any foreign tax payable.
Please see for further guidance.
Self Assessment: Foreign (SA106)
Thank you. 

Hi ygsam,
Yes,  the tax treaty between the UK and Hong Kong, article 14(2) advises that employment carried out in Hong Kong is taxable in Hong Kong, but  article 14(2)(a) goes on to advise that if you spend less than 183 days in Hong Kong, then it is only taxable in the UK.
 For this reason, you will need to claim a tax refund in Hong Kong and declare the income in a Self Assessment tax return.
UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL
Thank you. 

Hi Michael,
The tax treaty between the UK and Spain
Spain: tax treaties
Will give Spain the taxing rights on your employment income from the date you became resident.
 You will need to complete a P85, confirming you have left the UK, but still remain employed by a UK employer.
Get your Income Tax right if you're leaving the UK (P85)
You will need to declare your employment income in Spain.
Thank you. 

 

Hi Quynh To,
It sounds like you have set up a business account rather than a personal account.
You will need to create a new one to allow you to file correctly.
Please see guidance here:
Personal tax account: sign in or set up
If you experience any problem with this, please contact our online helpline.
Technical support with HMRC online services
Thank you. 


 

Hi VORmax,
The legislation provides for the complete withdrawal of any relief attributable to shares if, by reason of some event, any of the conditions for the relief ceases to be satisfied.
Withdrawal of relief is usually by Special Assessment, but if you make an amendment (in time) to your Self Assessment that can be accepted, and any assessment already made can be vacated.
Please see guidance here:
VCM56030 - VCT: VCT winding-up: ‘front-end’ income tax relief
Thank you. 

Hi 
It should go back to 20% as long as your total PAYE taxable income for the year, moving into October and November, goes back below the 40% threshold.  
Thank you. 

Hi alexH101,
You will need to complete the following form:
Double Taxation: Treaty Relief (Form DT-Individual)
Thank you.