HMRC Admin 25 Response
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RE:Definition of last day at work.
Hi jays.pa,
To review your record for a repayment we do need to allow 35 days from the final payment details submitted by your employer, so, if submitted 30 November 2023 it will be 35 days from then.
Thank you, -
RE: Student loan repaid during tax year incurs self assessment charge
Hi ceejay197,
You can amend your return online.
At the question on student loans, change your answer from yes to no. this will cancel the charge.
Thank you. -
RE:Can I apply split year treatment for tax year 2023/2024 if I temporarily visited in the UK?
Hi Louie Fan,
If you qualify for split year then you only report any foreign income for the UK part of the year:
RDRM12000 - Residence: The SRT: Split year treatment: Contents.
If you do not qualify then you will need to report all your foreign income to the UK:
Tax on foreign income
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies.
Thank you,
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RE: Gain/Loss on trading share options on US stock market
Hi Rex Li,
If your total gains for the whole tax year are less than the annual exempt allowance, you do not need to declare the gains, unless the disposal value is £50000 or more and you are completing a tax return for other reasons.
Thank you.
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RE: Cash gift from abroad
Hi Silverfox64,
No. There is no tax due on cash gifts. no tax relief applies either.
Thank you. -
RE: US government bond
Hi Lisa,
Yes, you are correct.
Thank you. -
RE: Already completing self assessment, anyhting else to do for a sole trader?
Hi hermest,
You can declare your self employment income using your existing UTR and tax returns.
You do need to register as Self Employed, so that you can pay voluntary Class 2 NIC, if your profits are below the threshold.
Set up as self-employed (a 'sole trader'): step by step
Thank you.
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CGT Calculation on loss (adjusting period while landlord lived and property vacant)
Hi Paulson,
We cannot comment on scenarios, only provide general information / guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our Self Assesment helpline on 0300 200 3310, or seek professional advice.
Thank you.
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RE: Non-resident self-employed doing some work in the UK
Hi attila trombitas,
If you are in the UK and working here as self employed, then you will need to declare the locum work in a Self Assessment tax return.
Thank you.
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RE:Canadian Paid but living in the UK
Hi Sam Norman,
For an answer to a personal question of this nature, you would need to contact our Self Assesment helpline on 0300 200 3310 or contact our webchat facility at:
Contact HMRC
Thank you.