HMRC Admin 25 Response

Hi Rainbow485,
To file your return online, please enrol here:
Sign in using Government Gateway
Please select 'Government Gateway’ (log in with your User ID and Password if you are not already done so).
Select 'enrol for service' at the side of Self Assessment on the 'Services you can add' page
Then enter your UTR and postcode instead of your National Insurance number as there may be an error in the NINO online
If you have chosen to have your activation code in the post, you will receive it within 10 working days
You must log in with the same User ID and Password when you get it, otherwise you will not be able to activate your account
Thank you. 

Hi Julia Welch,
If sold for less than £6000 then no income tax is due.
If sold for more then you may have capital gains to pay.
Thank you. 

Hi Dee,
You can get tax relief on private pension contributions worth up to 100% of your annual earnings.
You cannot receive a refund of tax in a year that is of a higher value than the amount of tax you have actually paid in that year.
If you’re paying in an amount greater than £10,000, you’ll need to contact HMRC to claim the tax relief. 
Thank you. 

Hi Mark Lee,
As the work is done on UK soil, yes it needs to be reported.
Please see guidance here:
Tax on foreign income
Thank you.

Hi magnagatti cianch,
US Government bonds, sometimes known as T-bills or treasury bills are generally taxed as income rather than capital gains.
The return is paid at maturity rather than regular interest payments.
In the UK, these are known as deeply discounted securities, with the discount being the difference between the price at which they were issued and the price received at maturity.
On a foreign investment the income is the difference between the purchase and redemption price after each has been converted to sterling on the day the transactions took place, so includes any foreign exchange gains.
Losses cannot be deducted. 
Please have a look at:
SAIM3010 - Deeply discounted securities: introduction
For more information.
Thank you. 

 

Hi royboy47 rayan,
You will have been told on your acceptance letter for your VISA on what you can and cannot do.
Please refer to:
Skilled Worker visa
Thank you. 

Hi TopTurnTables,
As your self employment would be as a writer, the royalties received are an additional income and as such you can cease the self employment source.
Thank you. 

Hi Antony Jenkins,
Please refer to guidance here:
Tax on your private pension contributions
If you want a definitive answer you would need to contact us direct on 0300 200 3300.
Thank you. 

Hi William Bartlett,
Yes, when you register the new business you will still have the same Unique Tax Referance.
UTR, so will be linked to your online accounts. 
Thank you. 

Hi Mr Fragrance,
Pre trading expenses are only allowable for the 7 years prior:
BIM46351 - Specific deductions: pre-trading expenditure: scope/.
You therefore cannot claim anything from 2000.
Further guidance on the cash basis is at:
Cash basis.
Thank you.