HMRC Admin 25 Response

Hi J W,
If the gains are from shares or securities from a company listed on a recognised stock exchange, shares in a UK open-ended investment company or units in an authorised unit trust; then they are entered in the listed shares and secturities section.
Where the gains are from Employee Shareholder Status, Enterprise Investment Scheme, Seed Enterprise Investment Scheme or Share loss relief where losses are claimed against income; those gains go in the 'unlisted shares and secturities' section.
Please have a look at the SA108 note here:
Capital Gains Tax summary notes
Thank you. 

 

Hi Dave,
HMRC does not recognise IRA's as a pension scheme.
An Individual Retirement Accouunt (IRA) considered a savings account and withdrawls are treated as income in the UK and taxed as interest.
As you are resident in the UK, then withdrawals will be taxable in the UK.
If you are a US national, your withdrawal will be taxable in the US and the UK.
You would be able to claim a tax credit for overseas tax paid on the withdrawal.
If you are a UK national, then it is not taxable in the US, but is still taxable in the UK.
Thank you. 

 

Hi Rex Lit,
The Capital Gains section of the tax return requires summary figures.
These can be obtained from your spreadsheet or similar, showing the transaction gains and losses.
This is made up of the disposal proceeds and allowable costs (including purchase price).
If the disposal proceeds are more thand the allowable costs, then there is a gain, that is declared.
If the disposal proceeds are less than the allowable costs, then there is a loss, that can also be declared.
A breakdown of these figures can be attached as a pdf file using the online tax return.
Thank you. 

 

Hi Sartaj Singh,
To be deductible from the earnings of an employment an expense must be incurred wholly and exclusively in the performance of the duties of the employment.
If this is the case and providing your record keeping is good, then the reimbursement should not be treated as taxable income.
For further guidance on the general rule for employee expenses please see here EIM31664:
EIM31664 - The general rule for employees expenses: wholly and exclusively: expenditure with only incidental personal consequences
Thank you.
 

Hi LND1212,
If you are self employed as a sub contractor, you are running a business as a subcontractor.
When asked how many businesses your have, you would select 1 and give it a name, it can be just your own name. 
This will in turn allow you to enter your turnover (income received) and the tax deducted by the construction industry scheme (CIS).
Please see guidance here: 
What you must do as a Construction Industry Scheme (CIS) subcontractor
Thank you. 



 

Hi Evie500,
If you filed the Self Assessment yourself you can view/print back to 2019/20.
If the tax return was submitted through a third party or the paper tax return you will not be able to view the tax return online. 
Thank you. 

Hi Spencer Lewis,
HMRC does not provide financial advice.
It is up to your daughter to determine whether to reduce her payments on account or not.
Your daughter may wish to seek the advice of an accountant on this matter.
Please see guidance here: 
Payments on account
Thank you. 
 

Hi gmc600,
The amount of Child Benefit due to be repaid will be calculated based on your overall end of year income.
For more specific advice based on your income, you can contact us by webchat or phone here:
Child Benefit: general enquiries
Thank you. 

Hi notre1dame,
 Please look at the booklet NI38 – Application to pay voluntary National Insurance abroad, the application form on the link is CF83.
You will need to detail the information about your time abroad including the periods of self-employment and the nature of the work on a supporting document.
Social Security abroad: NI38
If you wish to discuss your eligibility to be able to pay voluntary National Insurance abroad, please call the international caseworker helpline or use the Personal tax account to speak to an advisor via webchat services.
National Insurance: non-UK residents
Thank you. 
 

Hi Andrew Barnes,
The current timescales for specified adult child care can be found on the 'Check when you can expect a reply from HMRC'
We are currently working cases received on 27/03/2023.
If you are very close to State Pension age or over, please call the National Insurance helpline to discuss your form.
You can also speak to an advisor on webchat through a Personal tax account.
National Insurance: general enquiries
Thank you.