HMRC Admin 25 Response

Hi Brent Sandiford,
Please refer to:
HS285 Share reorganisations, company takeovers and Capital Gains Tax (2022)
Item 9 details the tax implications of getting shares with cash and there is a formula which will help you determine if you will need to pay Capital Gains Tax on the payment received.
There is also an example (9.1) detailing the potential effects on the S104 holding.
Thank you. 
 

Hi Joe Romeo,
Morgage interest relief is shown in box 24.1 on page F5 of SA106, under residential property finance costs.
Thank you. 
 

Hi Matthew Burgess,
No, you don't declare this in your tax return.
Thank you. 

Hi JamesMay75,
You round the amount down to £84 as the system would do that anyway for you. 
Thank you. 

Hi L. Czekala,
You would be considered not a UK resident for tax purposes and your UK employment income will be taxed in Spain, as you will be a tax resident in Spain.
To advise HMRC that you are leaving or have left the UK and remain employed by a UK employer, you will need to submit an online P85 here:
Get your Income Tax right if you're leaving the UK (P85)
Your ability to become a UK resident in the future is a Home Office matter and not something that we can comment on.
Home Office
Thank you. 

Hi Tipu Rajput,
No, the cost of food and drink consumed, and accommodation used, by a trader is not in general an expense incurred wholly and exclusively for the purposes of the trade, since everyone must eat in order to live.
Such costs are (either wholly or partly) normal costs of living incurred by all and not for the purposes of trading.
A deduction is, however, allowable for reasonable expenses on food and drink for consumption by the trader either at a place to which the trader travels in the course of the trade or while travelling in the course of the trade, if certain conditions are satisfied.
Please have a look at BIM47705 for the condition that need to be met.
BIM47705 - Specific deductions - travel and subsistence: expenditure on meals and accommodation
Thank you. 

Hi LisMur,
You will need to amend your tax return to declare that you want to set the carried forward losses against your 22/23 profit.
You would enter the loss carried forward in box 29 of on page SES 2 of SA103S or the equivalent box on the online tax return.
The figure in this box cannot be more than the profit in 22/23.
The remaining losses if any can be carried forward again.
Self-employment (short)
Thank you. 

Hi walkjj
No, you cannot claim for previous years on the return and will need to submit a separate claim for each year.
Thank you. 

Hi hays06625,
You would need to contact our Self Assesment helpline to obtain confirmation of the amount to pay:
Self Assessment: general enquiries
You can tell the chatbot you want to chat with a human and it will put you through to one of my colleagues.
The guidance here will give you the different option on how to pay the tax:
Pay your Self Assessment tax bill
Thank you. 

Hi codingobjects,
You would include in 22/23, as that is when you paid the money into the pension scheme and claim.
You enter the amount you paid to the pension scheme plus the tax claimed back by the pension scheme of 20%.
You can work this out by taking the amount paid divided by 80, times 100 (£2500/80*100).
Thank you.