HMRC Admin 25 Response
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RE:Home Office PAYE self assessment
Hi Dansoarr,
You can only claim from a percentage of the house bills if you are self employed or a partner in a partnership.
Employees can only claim £6.00 per week working from home expense or the exact amount of exact amount of extra costs you’ve incurred above the weekly amount, you’ll need evidence such as receipts, bills or contracts.
Have a look here:
Expenses if you're self-employed
and
Claim tax relief for your job expenses
The guidance also advises how to apportion household bills.
Thank you. -
RE:Which box do I tick for foreign self-employment income that has NOT been taxed abroad?
Hi Gemma Graham,
Foreign self employment turnover and expenses are declared in the self employment section of the tax return or on SA103.if submitting a paper tax return.
You would only need to include the turnover in the foreign section of the tax return, if you paid foreign tax and want to claim a tax credit.
Thank you.
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RE: Dividend taxed at 20% in the calculation of online self assessment
Hi Alex Pun,
It should be at the very bottom of the page.
You should also ensure that although the dividends are added as taxable income, the breakdown of the tax due on them is further down in the calculation and should not be at 20%
Thank you. -
RE: Tax relief on pension payments
Hi HFisher,
Box 1, is the gross pension payment that you made, which included the tax claimed back by the pension provider (do not include anything paid by your employer).
Box 1.1, is the amount of one off payment made.
This will allow you to claim higher rate tax relief on your pension payments.
Please have a look at the pension scheme rates here:
Pension schemes rates,
You can check you annual allowance threshold here.
Please have a look at the guidance for calculating your annual allowance and carrying unused allowance forward.
Any payments that exceed your pension allowance should be declared in a Self Assessment tax return in the additional information section (SA101).
Thank you. -
RE:Relevance of Annual Allowance and MPAA to non Residents Contributing into UK Pension Schemes
Hi Clarky55,
The guidance at PTM044100 advises when contributions qualify for tax relief and the definition of a 'relevant UK individual'.
You need to be both an active memebr of a registered pension scheme and a relevant UK individual.
If you do not meet both criteria, then no UK tax relief is available.
PTM044100 - Contributions: tax relief for members: conditions
Thank you. -
RE:Income from property seller due to seller moved out later than agreed date
Hi L T,
The guidance at CG13030 advises "Sums received as compensation or damages for any wrong or injury" (in this case breach of contract) "suffered by an individual in his person or in his profession or vocation are not chargeable to Capital Gains Tax because of section 51 (2) TCGA 1992". CG13030 - Compensation: personal compensation or damages
Thank you. -
RE:Net adjusted income
Hi Anita,
You are correct, it is your gross salary.
Thank you. -
RE:Daily exchange rate
Hi jaiswalja,
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
For older rates here:
Exchange rates
You are free to use any of the supplied rates or one of your own choosing.
Thank you. -
RE: Statutory Residence Test
Hi taxnewer,
Yes. If you use the remittance basis, you declare on your tax return, the income/capital gains not being remitted to the UK.
If you bring that income/capital gain, into the UK in a future tax year, then it is taxable in that future tax year.
Thank you. -
RE:Why indexation not allowed on cost of acquisition for capital gains?
Hi jaiswalja,
The government legislation does not allow for this.
Thank you.