HMRC Admin 25 Response

Hi BMad,
This would be self employed income and if over £1000, you need to declare this in your tax return.
The sales would be the turnover for the year and then claim the trading allowance of £1000.
If you still have receipts for all the items sold, you can claim actual expenses if this is more beneficial.
Thank you. 


 

Hi pigwai chau,
This income is taxable. you can claim the trading allowance of £1000 to reduce your tax bill or use actual expenses if you have receipts.
Thank you. 
 

Hi sarat,
Please refer to:
Changes from 6 April 2013
Thank you. 

Hi Brent Sandiford
Yes as they have paid out the dividend. for the paper shares.
If they pay out any dividends to you, yes you need to declare the dividend.
Thank you. 

Hi Tom Clark,
Please see guidance here:
Tax on your private pension contributions
Thank you. 
 

Hi Jasonh9288,
Police pensions are classed as government pensions and remain taxable in the UK.
To be exempt you would need to be a national and a resident of Spain.
Thank you. 

 

Hi icw11,
No, it is only any tax that can be taken into account as Foreign Tax Credit Relief.
Thank you. 
 

Hi JamesMay75,
You will use November 2023.
Thank you. 

Hi paddy1000,
HMRC cannot advise you on this as your residence is for you to determine based on the guidance available.
Thank you. 

Hi 3peaks,
If you breach the threshold temporarily but you can show that your turnover will not go over the deregistration threshold in the next 12 months then you can apply for an exception from registration.
Please see the guide here:
Working out whether you need to register
Thank you.