HMRC Admin 25 Response

Hi AAus001 A,
Please refer to:
Remittance basis 2023 (HS264)
Thank you. 

Hi KaterinaKamardina,
If you do not meet the criteria for completing a Self Assessment tax return, you will need to contact our webchat facility at to report this. 
Self Assessment: general enquiries
We can review your circumstances and if appropriate, withdraw your tax return.
If you choose not to report this, you will begin to accrue late filing penalty and interest charges.
Thank you. 
 

Hi AdviceSeeker12,
You only need to register for Self Assessment, when a capital gain charge arises in the tax year and you have not reported and paid the Capital Gains Tax, using the online realtime capital gains service by 31 December following the end of the tax year.
Report and pay your Capital Gains Tax
Thank you. 


 

Hi  Matthew Whitehead,
No, you can only put in 20k to a stocks and shares ISA
Please see here:
Tax and Employee Share Schemes
Thank you. 


 

Hi Bjn20,
If you are an additional rate tax payer then you will not be entitled to the personal savings allowance:
Income Tax rates and Personal Allowances
Thank you. 

Hi steph17,
You would be considered resident in the UK for the tax year and would be taxable on your world wide income from the date you moved from your student visa, to the BNO visa.
The cash gifts from your parents are not taxable as they are not income.
Any interest that the gifts generate is taxable and should be declared.
Interest in UK bank accounts is taxable and should be declared.
Thank you. 
 

Hi keynesian,
There is no time limit to utilising losses against capital gains.
You can carry them forward indefinietely.
Thank you. 
 

Hi Alex Littlechild,
Please refer to:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284).
Also look at the example 3 link on the same page.
Thank you. 

 

Hi Ken Ewer,
It would depend if the charity are treating you as an employee or as self employed.
If self employed and your income will be a £1000 or more then you would need to register as self employed and complete a Self Assessment tax return:
Set up as self-employed (a 'sole trader'): step by step
Thank you. 
 

Hi VeWe,
Yes, please refer to:
How Inheritance Tax works: thresholds, rules and allowances
Thank you.