HMRC Admin 25
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RE:SA Return 2023-2024
Hi EVP20,
We would need to check the calculation to review this.
I would advise to check then entries made are correct and if so submit the tax return.
If you allow 3 working days to process to HMRC records and then contact us we can then review the calculation and if an amendment is needed can be made.
Thank you. -
RE: Adding Private Medical Insurance Tax Returns
Hi GJ K,
If you are receiving the benefit from an employer then you would include the employment page for the employer and declare the medical benefit received.
Thank you. -
RE:Overpaid by employer
Hi marckus hyde,
You would need to contact your employer to discuss how the overpayment of salary will be repaid.
Thank you. -
RE:High Income Benefit Charge
Hi Manoj Kapoor,
If above £50K for 2023/24 then a Self Assessment will be due.
If not already registered you can register online here:
Register for Self Assessment if you are not self-employed
The new threshold of £60K is for the 2024/25 tax year onwards.
Thank you. -
RE:Personal digital tax account with power of attorney
Hi MikeThexton,
For assistance regarding setting up an online account you will need to contact our online helpdesk.
Technical support with HMRC online services.
If your client is unable to set up an online account then once the POA details are submitted they can contact HMRC for assistance.
Income Tax: general enquiries
Thank you. -
RE: Can not reset password online
Hi mj diamand,
We are sorry if you are having issues resetting your password.
If your unable to self serve online then you will need to contact our online helpdesk:
Technical support with HMRC online services.
There is the option to webchat if you click on the link ask HMRC online.
Thank you, -
RE;UTR address update
Hi terrywykwong kwong,
If your address has changed then you can update this using your online account:
Personal tax account: sign in or set up
Thank you. -
RE: Tax on Savings Interest
Hi Heraclitus
The banks and building societies submit the untaxed interest details to HMRC after the tax year end.
Once received we will review the tax year and if underpaid a calculation will be issued with the details.
Thank you. -
RE:CGT on deferred bonus awarded as shares
Hi sallyt46,
There are a number of different ways in which a company may award staff via the means of shares in the company.
One of the most common is a via a Share Incentive Plan (SIP).
The company can directly award its employees the shares rather than applying them indirectly via an option.
Plan shares may be awarded free to employees participating in the plan and may be performance related.
The shares are normally held on behalf of the employee/s via a Trust and are held for 3 years or more.
Normally the cost to the employee for CGT purposes for shares held in this type of plan is the market value (MV) on the date that the shares cease to be subject to the plan and become the employees to hold or sell.
Guidance at CG56495 Share Incentive Plans, refers.
CG56495 - Share Incentive Plan (SIP): employee: CGT
Further guidance on other types of approved Employee share schemes for CGT purposes can be located within the Capital Gains Manual at CG56400P onwards.
CG56400P - Capital Gains Manual: Shares and Securities: Employee share schemes: Approved employee share schemes and Enterprise Management Incentives: Contents
Thank you. -
RE: Ltd for non-resident has to register for Corporation tax or not ! Important
Hi Ahmed Soliman,
A company is resident in the UK for the purposes of the Taxes Acts if it is incorporated in the UK (with certain exceptions) or the central management and control of its business is in the UK, subject to a double taxation treaty tie-breaker for dual resident companies.
Please refer to guidance available on our website here:
INTM120030 - Company residence: overview
If the company is not resident, you need to consider if it has a Permanent Establishment (PE) in the UK.
The company will have a PE if there is a fixed place of business through which the business of the company is carried on in the UK, or if it has a dependant agent in the UK (CTA 2010/S1141).
See guidance here:
NTM264300 - Non-residents trading in the UK: permanent establishment: domestic and treaty law: permanent establishment definition
The taxation of freelance workers working in another country depends on the tax laws and regulations of the specific country involved.
As we previously advised this is a complex matter and it is important to consult with a tax professional or accountant who is familiar with international taxation to ensure compliance with the tax laws of both your home country and the country where the income is earned.
Thank you.