HMRC Admin 25 Response
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RE:Tax on Life Assurance after death
Hi Rod Lewis,
Yes, you can then submit a claim for a refund of excess tax deducted.
Please see guidance here:
Claim back tax on a flexibly accessed pension overpayment (P55)
Thank you. -
RE:Substance allowance
Hi amer2015,
This is not for HMRC to give.
You may want to discuss this with your employer who provide work benefits and subsistense payments as part of your employment contract.
Thank you. -
RE:Interest from savings - different tax bands for husband and wife
Hi appchair52,
You will account for 100% of the interest in your own names in your tax returns.
For any accounts that are in joint names, this will be 50/50.
Thank you. -
RE:Foreign investment - Capital Gains or Taxable Income
Hi Richard Howard,
The 10% return that you receive would be taxable income.
As the company is based in Peru, this would be foreign interest and you need to convert the amount to sterling.
Thank you.
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RE:Repayment form an oversea company
Hi Cathy Kwan,
Please refer to guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. -
RE:Accruing late payment interest for first payment on account due 31 Jan 2023
Hi Tom Owen,
If you had previously asked for your payments on account to be reduced and this was done incorrectly based on the tax now due, yes you will be charged interest as the original due dates for payment apply.
Payments on account are based on the tax income submitted on your SelfAssessment tax return.
Please see:
Understand your Self Assessment tax bill
Thank you. -
RE:Sending money from abroad to UK account
Hi Celestine Ugwu,
From a HMRC tax perspective, there is no tax implication.
You should check your visa to confirm what you can and cannot do and you may need to check with your bank as well.
Please have a look at the guidance on bringing cash into the UK and consider money laundering implications.
Take cash in and out of the UK
Thank you. -
RE:Business Investment Relief Enquiry
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RE:Company electric car salary sacrifice - other costs
Hi Afzal Ahmed,
This will be between you and your employer to determine.
Thank you.
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RE:Higher rate tax relief on contributions to a workplace RAS pension scheme
Hi Catriona Tate,
If the pension contributions were taken from your net pay and not deducted from your salary before the tax is calculated then you would answer 'YES' to the question on the tailor tax return section- Did you make contributions towards a personal pension or retirement annuity?
This will open the pension section and you would then enter the details in the box- Payments to registered pension schemes (also known as PPR) where basic rate tax relief will be claimed by your pension provider (called 'relief at source').
Enter the payments and basic rate tax.
Thank you.