HMRC Admin 25 Response

Hi gregy901,
The new tax year commences 6 April 2024.
If you are not resident in the UK for the whole tax year 2024 to 2025, then foreign income arising in that period, is not taxable in the UK and should not be declared.
If you continue to have UK income while not resident in the UK, you may find that you need to complete a Self Assessment tax return.
You can check this here:
Check if you need to send a Self Assessment tax return
Thank you. 

Hi jingplus,
The maximum you can transfer into the ISA is £20000.
Any surplus cannot be placed in the ISA.
Thank you. 
 

Hi Carlos Lopez,
You would need to review the guidance on the UK / Spain tax treaty here:
2014 UK-Spain Double Taxation Convention
Article 1 covers dividends and advises that a resident of the UK, who has dividends arising in Spain, is only taxable on that dividends in the UK.
To ensure that no tax is deducted in Spain, you would need to request a certificate of residence from HMRC, which you can do here:
How to apply for a certificate of residence to claim tax relief abroad.
You would send this certificate to the Spanish tax authorities along with their forms to ensure that no tax is deducted from the dividends or claim a repayment of the tax if already paid.
Thank you. 

Hi The- Mandarins,
Your payment in to your pension scheme is grossed up and declared in your tax return.
The claim increases your tax at 20% and reduced your tax at 40%, thus giving you a further credit of 20%.
The maximum you can pay into your pension scheme and claim tax relief in 23/24 is the lower of your annual income or £60000.
Any unused threshold from the previous 3 tax years can be added to your threshold, to increase the amount you can pay into your pension scheme and claim tax relief.
Any pension payment above the threshold does not qualify for tax relief and should be declared in a Self Assessment tax return.
Any overpaid tax calculated as a result of the claim for pension relief is paid to the claimant by cheque or into their bank account where bank account details are provided.
Thank you. 

Hi Drgad537,
This is not your income, so you would not be taxable in the UK on it.
Your father would be, if he is resident in the UK.
International bank transfers into the UK are monitored by UK banks and building societies, so you may wish to discuss with them.
Thank you. 

 

Hi Chrishenry Evans,
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 Fernán Campos Rojas,
By default, Self Assessment is completed using the 'arising basis'.
Individuals who are UK resident, but not UK domiciled, are by default required to declare their world-wide income using the arising basis.
They do, however, have the option to use the remittance basis instead.
This is done by completing the residence section SA109, to claim the remittance basis and to declare the unremitted income and capital gains.
The unremitted income and capital gains is not taxed and is only taxed in a later tax year if the income or capital gains are remitted to the UK in that later tax year.
Thank you. 

Hi N,
Claiming tax relief on pension payments, is not part of the criteria for completing a Self Assessment tax return.
Where you do not need to complete a tax return for any other reason and you want to claim pension tax relief, you will need to do so in writing to: H.M. Revenue and Customs Pay As You Earn BX9 1AS
Providing supporting evidence of payments made to your pension provider in each tax year yhour claim is for.
Thank you. 

Hi 
Please have a look at the guidance on skilled work visa limitations at:
Skilled Worker visa
In the what you can and cannot do sections, there is no mention of saving or ISAs.
As long as you are resident in the UK, you can open an ISA.
Thank you. 

Hi Christine Fisher,
If any interest payments are made before maturity, yes.
Thank you.