HMRC Admin 25 Response

Hi Shauna1105,
If you cannot end your Self Employment using our online form, you will need to contact us.
You can do this in writing, as well as by webchat and phone here:
Self Assessment: general enquiries
Thank you. 

Hi john bowman,
As this relates to pre Self Assessment years, the information will not be on your tax returns.
You will need to cotact the Self Assessment helpine for your record to be accessed to make sure the details are held.
Self Assessment: general enquiries
Thank you. 

Hi Superman_UK,
Detail on the Government’s intended changes to the rules for non-domiciled individuals set out here:
Technical note: Changes to the taxation of non-UK domiciled individuals.   
HMRC is unable to provide any further detail on how these changes will apply to an individual’s personal circumstances at this time. 
Thank you. 

Hi Edmond Tse,
Please refer to:
Self-employment (short)
On how to complete the page.
Thank you. 

Hi Lesley Davison,
Please refer to:
CG14530 - Consideration for disposal: market value rule
CG14561 - Transactions between connected persons: clogged losses
Thank you. 

Hi Ed Leung,
Overseas dividends should be declared in a Self Assessment tax return, regardless of how much they are.
You can enter the dividends in boxes 5 and 6 of SA100, provided the guidance those boxes can be applied.
If not, they must be declated in SA106.
Self assessment will apply the tax free allowance in the calculation.
Have a look at the notes on page TRG6 for boxes 5 and 6.
Tax Return notes Tax year 6 April 2023 to 5 April 2024 (2023
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. 

Hi DRamos90,
If sold, you may be liable to Capital Gains tax on your share:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 
 

Hi Prof Rogers,
Yes as this would be seen as a gift,
Thank you 

 

Hi TopTaurus,
The tax treated as paid is notional tax already deducted on the gain.
Additonal tax will only be due if they are liable to tax at higher rate.
Please see here:
HS320 Gains on UK life insurance policies (2024) Updated 6 April 2024
Thank you. 

 

Hi JAHNOellis,
Please refer to:
Tax on foreign income
Thank you.