HMRC Admin 25 Response

Hi Mark Lambert,
You would not pay tax on the actual capital but would need to report any interest or dividends that this then generate.
Thank you. 

 

Hi Jon Carter,
Yes, such a 'final' withdrawal would be regarded as a DTT 17.2 lump sum.    
Convention
Thank you. 

Hi Dan Skale,
You pay Capital Gains Tax when you sell overseas property if you are resident in the UK.
However, there are special rules if you are resident in the UK but your permanent home ('domicile') is abroad.  
Chapter 9 in HMRC’s guidance on ‘Residence, Domicile and the Remittance Basis’ explains the rules for bringing income or gains to the UK.
Tax when you sell property Skip to contents of guide Contents                                                                      
Tax on foreign income                        
Guidance note for residence, domicile and the remittance basis: RDR1
Thank you. 

 

Hi Corinna Lenz,
You should refer to the following link but you will only be required to register for UK VAT if your taxable supplies in the UK exceed the registration threshold.
Who should register for VAT (VAT Notice 700/1)
Thank you. 
 

Hi Tomasz Ullman,
On the webchat, say that you what an adviser and you will be put through to speak to a person. 
Thank you. 

Hi Nanny8,
HMRC cannot advise on your State Pension entitlement.
If you are already in receipt of your State Pension you will need to contact the Pension Service part of the Department for Works and Pensions.
If you are not in receipt of your State Pension and the 12 weeks award improved the number of years that count towards your State Pension you can request a New State Pension forecast online at:
Check your State Pension forecast- GOV.UK (www.gov.uk)
Thank you. 
 

Hi David Moore,
You will need to query this with our Income Tax Team.
Contact details here: 
Income Tax: general enquiries
Thank you. 

Hi Chris,
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 Lok Kwan,
 Sorry, we cannot advise you on whether to apply for that or not as it is up to you to determine your residence status.
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.
Thank you.  


 
 

Hi Emma Callister,
He will need to send in a claim for overpayment relief. ensure all information below is noted.
All claims must be in writing to us at: Self Assessment, HM Revenue and Customs, BX9 1AS, United Kingdom.
Please tell us they are claiming overpayment relief give full details of the claim including the amount of tax they have overpaid.
Why they have paid too much tax the tax year / accounting period if they have already appealed the calculation.
If they are claiming repayment any supporting documents showing tax paid be signed by the customer.
Even if sent by an agent confirm the details given are 'correct and complete to the best of my knowledge and belief.
Thank you.