HMRC Admin 25 Response

Hi kloeriou sacm,
Keep them a two employments to match the information submitted by the employer. 
Thank you. 


 

Hi vanu,
If you do not have the documents needed to verify your indentity then you will not be able to register online to submit your Self Assessment and a paper tax return would be needed.
You cannot visit an HMRC office to discuss.
You would need to contact us:
Self Assessment: general enquiries
Thank you. 

Hi Crucial3496,
The account details for HMRC Accounts office Cumbernauld are account number 12001039 sort code 083210.
This can be used to make a payment to your Self Assessment (SA) using your UTR with a letter K at the end.
All online payment options are available by selecting the 'pay now' button on our website here:
Pay your Self Assessment tax bill
As of February 2022 you are able to make payments for your SA liabilities through the HMRC App.
Thank you. 

 

Hi Alan Redford,
HMRC would not be able to provide a confirmation of exemption.
The policy provider is in the best position to confirm if the life assurance policy is a qualifying policy and is exempt.
Please have a look at helpsheet HS320 for more information:
Gains on UK life insurance policies (Self Assessment helpsheet HS320)
Thank you. 

Hi Confusedbeneficiary,
Beneficiaries of an estate whether foreign or domestic, are not charged inheritance tax in the UK.
Only the estate of the deceased is.
We are unable to give financial advice on any matters.
You will need to seek the advice of an accountant or other specialist for answers to your questions.
Thank you. 
 

Hi E,
Income from the sale of timber from the ownership of commercial woodlands is exempt from both Income Tax and Corporation Tax - the exemption only applies if the timber cut or felled is not altered or transformed prior to sale profits arising from the occupation of commercial woodlands are not chargeable.
Capital Allowances cannot be claimed on capital expenditure incurred on plant or machinery connected with commercial woodlands.
Note that if the woodland is connected with or attached to an existing farming trade, special consideration will have to be given as to the tax status of the operation.
Relief is not available for:
losses suffered expenditure incurred on the preliminary clearance of woodland of woodland or other preparation of land for forestry purposes.                                                                                                                                                                                                                                                    Further giudance is here:
BIM67701 - Woodlands
Thank you. 

Hi Jerry Chan,
You can submit a claim for overpayment relief detailing what has happended for it to be considered.
This will have no bearing on the 22/23 return at this time as you will need to submit the claim for 20/21 in writing.
Thank you. 
 

Hi mickael28,
This is a different scenario.
If you look at the example you refer to in CG56101, the interest is in respect of the 80k that has not actually been invested by the customer.
Thank you. 

Hi Shivani,
For claiming loss relief this would be on the capital gains section.
You would treat it as a disposal with proceeds of 0 to generate the loss to then set against your income.
The SA101 is only to claim the actual tax relief on the investment as you state this is for an earlier year, you would need to send this in separately.
Thank you.

Hi mickael28,
Please have a look at the guidance at CG78310 - Foreign currency: assets acquired or sold for currency:
CG78310 - Foreign currency: assets acquired or sold for currency
And
CG78316 - Foreign currency: identification of disposals with acquisitions:
CG78316 - Foreign currency: identification of disposals with acquisitions
Thank you.