HMRC Admin 25 Response

Hi Robert Long,
Please refer to guidance here:
Relief for foreign tax paid (Self Assessment helpsheet HS263).
Credit for foreign tax cannot exceed the UK tax due.
Thank you. 

Hi Midtown,
This income will be shown under the employment section.
Thank you. 
 

Hi Sascha,
You are correct.
Thank you. 

Hi clare_a,
Your answer should be 'No'
Thank you. 

Hi d3a350,
As you have stated that you have set the account to reinvest then these dividends are not taxable.
Thank you. 

Hi 730511cjm1 mckenna,
The interest is still taxable income.
If you look further down the calculaton it should then show that the tax rate is 0% so no actual tax is due on the interest.
Thank you. 

Hi Peter,
Please refer to guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. 

 

Hi Wilson929,
You would probably need to close it.
Thank you. 

Hi BMad,
Please refer to:
https://www.gov.uk/government/publications/selling-online-and-paying-taxes/selling-online-and-paying-taxes-information-sheet.
From your details, this is a regular occurance and would therefore imply trading.
The £6000 figure you refer to is for capital gains.
Thank you. 

Hi Susan Carrick,
Please refer to:
Selling online and paying taxes - information sheet.
From your details, this is a regular occurance and would therefore imply trading.
The £6000 figure you refer to is for capital gains.
Thank you.