HMRC Admin 25 Response

Hi BritishAl23,
As you would be loking at the total interest payable over the year, you would need to add the monthy amounts together, even if below £1, and then round down the final total.
Thank you. 
 

Hi mona lee,
No, you will need to convert your acquisition costs and disposal costs to pounds sterling, to work out any gain.
From this, you can also deduct your buying and selling costs:
CG15250 - Expenditure: incidental costs of acquisition and disposal
Regardless of whether you have any Capital Gains Tax to pay, the fact that you have a foreign gain, is Self Assessment criteria.
So you will be required to record the disposal in a Self Assessment tax return.
Thank you. 
 

Hi Shira O,
Yes,with this level of interest.
You will also need to do a Self Assessment tax return.
Thank you. 
 

Hi Chris,
HMRC do not provide an online version of SA800 partnership tax return.
If you have or can obtain a business government gateway user ID and password, you could choose to purchase a 3rd party commercial P800 tax return and submit that version using the user ID and password.
You can find a list of online providers here:
Commercial software suppliers for Self Assessment
HMRC online services: sign in or set up an account
Thank you. 

Hi James12129,
There will also be a charge for Class 4 National Insurance in your calculation for your self employment income.
Please view the full calcuation and its about 2/3 of the way down. 
Thank you. 

Hi scollinguk,
You can contact HMRC by telephone to provide the correct information.
The number to call is 0300 200 3500, lines are open from 8am to 6pm, Monday to Friday.
Alternatively, you can write to HMRC at the following address:
National Insurance Contributions & Employer Office
Payment Reconciliation
PT Operations North East England
HM Revenue and Customs
BX9 1AN
Thank you
 

Hi Ka Chun Chow,
In 2022/23 tax return, your foreign income was taxed in the UK and created payments on account, so that you can pay tax for 2023-24 in two instalments during the year.
If you will no longer have any foreign income, you may find that a Self Assessment tax return and payments on account are non longer required.
Please have a look at the Self Assessment criteria tool here:
Check if you need to send a Self Assessment tax return
If a tax return is no longer required, you will need to contact the Self Assessment helpline on 0300 200 3310 or via webchat here:
 Self Assessment: general enquiries.
Where you will be able to close down your Self Assessment record.
Thank you. 
 

Hi MR78,
Box 1 shows the gross payments made into registered pension schemes.
Box 1.1 shows the total of 'one off' payments that is declared within box 1.
Box 1.1 is not included in any tax calculations and is an information box only.
Thank you. 
 

Hi LynR,
If you are due a repayment and if there is only a small difference between the tax due and the tax paid, we do not issue a calculation.
If you have earned below the Personal Allowance and tax was paid then yes this can be refunded.
If not yet received you will need to contact HMRC to review:
Income Tax: general enquiries
Thank you. 

Hi Anne-Lise McDonald,
If the P50 repayment claim is for the current tax year 2023/24 and submitted online 4 October the current timescale for a reply is up to 4 December. If the repayment claim was for a previous tax year then you would need to contact HMRC to review.
Income Tax: general enquiries
Thank you.