HMRC Admin 25 Response

Hi Salif BA,
That is for your bank to advise.
Sorry, this is nothing to do with HMRC.
Thank you. 

Hi dave59,
The foreign tax deducted would be claimed as foreign tax credit relief if applicable and not as an expense.
The fee is not allowable.
For reinvested dividends, you only declare this if reinvested by you.
If reinvested automatically by the company then no,
Thank you. 


 

Hi Mko,
You can apply for the DPNI scheme so that all charges are taken at source.
If not, you need to declare the income as employment on the Self Assessment tax return.
Thank you. 

 

Hi Matthew Wood,
Please refer to:
Set up as a sole trader
Thank you. 

Hi dalesman peters,
Payments made into a Roth IRA are made before tax relief is given.
As a result, payments from this account are not taxable in the USA.
HMRC recognises this account as a pension scheme and as it is not taxable in the USA, it is not taxable in the UK either.
Thank you. 

 

Hi taxbare hepke,
Please refer to:
Trusts and taxes
Thank you. 

 

Hi AndrewKirkland,
When you log in to your capital gains account they should be there for you to view and/or amend.
Thank you. 
 

Hi adammalejka1991y,
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you. 

Hi Mn89017,
Under EIM31820 relief is allowable to expenses that ‘are not specific to the particular vehicle that is being used’ ULEZ charges are imposed on specific vehicles if they do not meet the required emissions.
This therefore means the charge is specific to that vehicle and as such you do not qualify for relief  for these charges.
EIM31820 - Travel expenses: general: accommodation and subsistence: other incidental costs
Thank you.

 

Hi steveML,
You would need to amend your tax returns to claim a Foreign Tax Credit Relief.
As we are now in a new tax year, you can only amend tax returns for 2022 to 2023 and 2023 to 2024.
For tax years 2020 to 2021 and 2021 to 2022, you will need to submit an overpayment relief claim, in writing.
You will need to follow the guidlines here to make your claim:
SACM12150 - Overpayment relief: Form of claims
We regret that it is now too late to claim for tax years 2019 to 2020 and earlier, as they are now out of date for repayment purposes.
Thank you.