HMRC Admin 25 Response
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RE: Do I need to declare tax/NI after exercising my EMI share options?
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RE:Stocks and shares ISA
Hi mmmmmccccc,
If the stocks and shares ISA that was closed, had been opened in an earlier tax year, then you can open another in this tax year.
Contact your provider directly for more information about how to open an ISA with them.
Individual Savings Accounts (ISAs)
Thank you -
RE:Foreign Tax Credit Relief on overseas dividends
Hi Ben Finlay,
You are correct.
Thank you. -
RE:Full Payment Submission (FPS) Reporting
Hi Cameron Hanna,
I would recommend contacting our Online Services Helpdesk on 0300 200 3200 to discuss this -
RE: Information in online Self Assessment for a deduction related to employer NIC for stock options
Hi StockOptions821485,
We are unable to review personal matters in this forum.
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 here:
Contact HMRC
Thank you. -
RE: small gift clarification
Hi Mr Apple,
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. -
RE: BNO
Hi tim,
The Hong Kong old age allowance is not taxable in the UK.
If the Hong Kong severe disablement allowance is similar in nature to the social security benefits described at:
EIM76100:
EIM76100 - Social security benefits: list of non-taxable social security benefits
Then it is not taxable in the UK.
Thank you.
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RE:Two employers, one in UK and one abroad
Hi L T,
You are an employee of an overseas company and receive foreign employment income.
If you travel to Luxembourg to carry out the work you are employed to do, then you can be taxed by the Luxembourg tax authorities, as well as the UK.
If you are still in the UK or another country besides Luxembourg, you are taxable in the UK.
In either case, you would declared this income on a a paper SA102 (employment) and if foreign tax is deducted on SA106 (foreign).
You should use the equivalent sections of an online tax return.
Thank you. -
RE: Tax on trading CFDs
Hi Babajide Olayinka,
Please take a look at the guidance at CG56100 on contracts for difference.
CG56100 - Futures: financial futures: contracts for differences
Losses can be carried forward or set against other gains, but not income.
The losses should be declared in the listed shares and securities section as an open ended investment.
Thank you. -
RE: Calculating Capital Gains on a built home
Hi Florence Conville,
If you use recreated records, you will need to show which figures are estimated or provisional.
If you do not have records:
Capital Gains Tax: what you pay it on, rates and allowances
If you wish any valuation being used to be checked prior to completion of the return, HMRC provides the following service.
If you wish HMRC to check your valuation:
Market value
There are no specific instructions on how any estimated figures are reached.
You will need to ensure that they are supplied on a just and reasonable basis and evidence that they have used all available information & means to obtain any realistic valuations or estimates supplied.
Thank you.