HMRC Admin 25 Response

Hi J G,
The disposal of any foreign assets, should be declared in a Self Assessment tax return, even if the annual exempt allowance covers any UK Capital Gains Tax liability.
Failure to submit a tax return, could result in numerous penalties, from late filing to late payment.
Please have a look here:
Penalties.
Penalties are also charged interest.
The calculator here:
Estimate your penalty for late Self Assessment tax returns and payments
Helps you to estimate penalties that Self Assessment can impose.
Thank you. 

Hi, 
If the pension contributions are taken from your gross income before tax is calculated then you woud not deduct them again from your income total as relief already been given.
If from your net income and when deducted takes you below £50K then you would not need to complete a Self Assessment for the Higher Rate Child Benefit Charge, HICBC. 
Thank you. 

 

Hi rmathoo,
It depends on the actual UK tax that would be due on your income.
You cannot claim more Foreign Tax Credit Relief than what is the UK equivelant.
Thank you. 

 

Hi Mike Roberts,
You would need to contact HMRC with details of your job to check on the flat expense due:
Income Tax: general enquiries
Thank you. 

 

Hi LNG@UK,
If you qualify for split year then you only report any foreign income for the UK part of the year:
RDRM12000 - Residence: The SRT: Split year treatment: Contents.
If you do not qualify then you will need to report all your foreign income to the UK:
Tax on foreign income
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies. 
You would therefore need to make the decision yourself.
Thank you. 
 

 

Hi Adam2024,
We are for the delay in receiving your refund.
To check on the progress you will need to contact HMRC:
Self Assessment: general enquiries
Thank you. 

 

Hi Adam2024,
We are sorry for the delay in receiving your refund.
To check on the progress you will need to contact HMRC:
Self Assessment: general enquiries
Thank you. 

 

Hi Shiv Patel,
HMRC cannot comment on future events as legislation and/or plans may change.
For current guidance please refer to:
Report and pay your Capital Gains Tax
Thank you. 
 

Hi Nat Ngan,
I would send any details you have in connection with the company to allow this to be reviewed by HMRC.
The address is:
HMRC, Self Assessment & PAYE, BX9 1AS UK
Thank you. 

Hi Abigail,
You can expect a reply by 8 June 2024.
Thank you.