HMRC Admin 25 Response

Hi Kelvin,
Plese refer to guidance here:
HS321 Gains on foreign life insurance policies (2023)
Thank you. 
 

Hi ISAQuery128# Burnham,
Please refer to:
Withdrawing your money
Thank you. 

Hi edavey,
Please refer to guidance here:
Tax on your UK income if you live abroad
Thank you. 

Hi B,
As you have brought forward the losses, the £3709 is the correct revised profit - 10682 minus 7153.
Thank you. 

Hi RPG1963,
If the repayment relates to previous years, it will be the gross amount for your employer to then submit revised end of year details once the full tax year has been repaid back.
Thank you. 

Hi Ottavio1974,
You now cannot amend the return online as this closed 31/1/24 for the 21/22 return and will need to send an amendment in writing.
Please complete the SA103 self emplyment page to show the expenses that result on the loss for HMRC to process.
This should be sent to HMRC,PAYE & Self Assessment BX9 1AS.
Thank you. 

Hi Demelza Dee,
You cannot choose to continue to pay National Insurance on earnings after State Pension age, but you may have an opportunity to pay contributions for some previous years.
Normally you may make voluntary contributions for up to the last 6 years, if for any reason you have not obtained a full years contributions for any of these years.
Please refer to:
Voluntary National Insurance
Thank you. 

Hi Sapan Desai,
1. Yes you can claim this for the period you lived in the property plus the final 9 months.
2. Yes improvement costs can be deducted from any gain.
3. That is correct.   
4. That is correct.    
5. That is correct.  
6. The year of disposal is the date the contracts are exchanged (date missives are signed) so this can only be 1 date.
If any conditions are applied to the sale then it's when all the conditions are met.
As such only 1 year for annual exemption would apply.
Thank you. 

Hi John Bloomer,
In order to have an underpayment collected in your tax code, the return needs to be submitted by 30 December.
As you have confirmed you submitted after this date, you will need to pay direct.
If you cannot pay in full, you can arrange to pay in various payment methods.  
Please see guidance here: 
Pay your Self Assessment tax bill
 

Hi John,
Training courses to set up a new self employment are not an allowable expense.
Please see guidance here:
Training courses
As you state your employer is funding the courses, these are not being paid by you and no tax relief is due.
Thank you.