HMRC Admin 25 Response
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RE:Dividend tax dates
Hi Jon24234,
It would normally be the date paid but it depends on the type of dividend.
Please refer to:
SAIM5040 - Dividends and other company distributions: company law
Thank you. -
RE:Returning loan to parents tax
Hi Moises,
There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to Inheritance Tax regarding any Inheritance Tax implications:
Inheritance Tax: general enquiries
You may also want to review the guidance at:
How Inheritance Tax works: thresholds, rules and allowances
Thank you. -
RE:foreign court case compensation income conversion to £
Hi AB CD,
Please refer to guidance at
CG13060 - Compensation: compensation for deprivation of foreign assets: compensation received on or after 6 April 2010 (1 April 2010 for companies): TCGA92/S268B
You can use the average exchange rate if applicable
Thank you.
[Post edited - HMRC Admin] -
RE:EIS vs FTCR tax credit hierarchy
Hi AB CD,
The foreign tax credit is only applicable to other source of income that it has been deducted against and would be limited to the UK tax that was due. EIS relief cannot be set against FTCR.
See further guidance here:
HS341 Enterprise Investment Scheme — Income Tax relief (2023)
Thank you. -
RE:Paye and directorships
Hi Sarah Knowles,
As there is no income from these, there is nothing to declare.
Thank you.
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Dividends received by UK non-resident from UK limited company
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RE: Foreign life insurance Dividend
Hi BritishAl23,
If this is the DDS that you are refering to, yes.
Thank you. -
RE:~GBP60k wedding gift from North Macedonia
Hi alekswrites,
No, there are no tax implication of a cash gift.
However, any interest or dividends that this then generates is taxable income.
Thank you. -
RE: Help to buy ISA and Cash ISA
Hi Md80,
You cannot open two Cash ISA in the same year, you will now need to wait until next year.
Thank you. -
RE:PAYE tax estimate after redundancy
Hi John Tester,
You can update this on your personal tax account.
If you would rather discuss it on the phone please call 0300 200 3300.
Thank you.