HMRC Admin 25 Response

Hi Rah,
If you are registered for Self Assessment you need to be registered for self-employment to pay Class 2 National Insurance (NI)
If you are registered for self employment, then your NI charge is within your NI/tax calculation.
However, if you received a payslip for your employed period any National Insurance paid will be found on there.
Please call the NI helpline to clarify your position.
National Insurance: general enquiries
Thank you. 
 

Hi undenuicap,
The first thing you would need to do is determine your residency status in the 2023 to 2024 tax year.
You can do this by reviewing the guidance here:
RDR3 Statutory Residence Test
Please take the statutory residence tests.
Depending on the outcome, you may need to consider split year treatment.
This will help you to determine what you will need to declare.
Any foreign income that derives from tax years in which you were not resident in the UK, are not taxable in the UK, so svaings from those earnings, will be classed as capital and will not be taxable.
Any foreign income arising while you are resident in the UK, will be taxable in the UK.
Please have a look at the guidance at section 9 of RDR1, which will provide advice on the pros and cons of the remittance basis.
Residence, domicile and the remittance basis: RDR1
Thank you. 
 

Hi Nazia Rafiq,
Please see the guidance here as regards MOT being expenses for the sale of the vehicle:
Using the VAT margin scheme for second-hand vehicles
It does depend what you are recoveing the VAT on.
If you are recovering the VAT on overheads which is allowed under the margin scheme then you would recover the VAT as input tax regardless of whether a profit is made on the sale.
Thank you. 

 

Hi C,
If you invest in deeply discounted securities, put the difference between what you paid for the bond and what you redeem or sell it for in box 3 of SA101 (page Ai1).
Additional information
Thank you. 
 

Hi Tintin567 Lambden,
National Insurance (NI) is collected on individual pay frequencies if your earnings are above thresholds.
You can check your individual payslips in 2023/24 each time to see the National Insurance you pay any and your employer pays for you using the link to the NI calculator.
National Insurance
Jobs are not combined for National Insurance through pay as you earn, only if you pay NI this is totalled for the tax year to ensure you don’t exceed the maximum.
Thank you. 


 

Hi David Allton,
If your pension provider deducts tax from your pension lump sum, you will need to complete the DT individual.
Please see guidance here:
Double Taxation: UK-USA (SI 2002 number 2848) (form US-Individual 2002)
Thank you. 
 

Hi GJGriffith,
This won't be done until after 06/04/24 when details of all income received is held.
For 23/24 tax year you will be UK tax resident and liable to UK tax laws on your income.
If you mean you are renting out a UK property, this is not covered by DTA and you would need to declare this in the UK via a tax return as you would then be classed as a non resident landlord.
Thank you. 

Hi Trevor B,
Yes, as you are both due the allowance.
Further guidance is here:
How Inheritance Tax works: thresholds, rules and allowances
Thank you. 

Hi Rooster,
You will report using the real time :
 Report and pay your Capital Gains Tax
This will be under other property, assets and gains. as you already held the land, your cost price is £0 and your start date would be when you actually bought the land (or inherited it).
If the land is jointly owned, each person must report their own share.
Thank you. 

Hi Emily,
If you want correspondence to go to your parents address then you can update your record for this.
If you have a personal tax account you can do this online here:
Personal tax account: sign in or set up
If you want you can register before you leave the UK and put in an estiamted date if the exact date not known. 
Thank you.