HMRC Admin 25 Response

Hi andy1,
Although HMRC provide exchange rates at:
Exchange rates from HMRC in CSV and XML format
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
You can use those exchange rates, the closing rate of the London stock exchange on the day of the transaction, or from any other source, as long as it is a just and reasonable exchange rate for each acquisition and disposal.
Thank you. 

 

Hi EK86,
You would need to have 3 different valuations  done by estate agents and take an average.
Thank you. 
 

Hi CC Lo,
You will need to include the SA09 residence section and SA106 foreign page to declare any income received in the UK  part of the year.
Thank you. 

 

Hi Barry Hamblin,
No we would not take this up.
The tax treaty does not include reviewing how another country operates their tax system.it is only to give relief if tax has ben paid on certain incomes.
You need to include gross income, the same as the UK , and then claim any foreign tax credit relief for the tax paid abroad.
Thank you. 

Hi nickkaz,
Yes, this income counts towrds the personal savings allowance as it is still classed as interest and would therefore fall under disregarded income.
Thank you. 

 

Hi nickkaz,
If you are required to submit a Self Assessment tax return, you can choose to complete either form HS304 or form DT-Individual.
If you are not within Self Assessment, please claim relief by completing a form DT-Individual.
Thank you. 

 

Hi mazaintheclouds,
Thank you for your question.
Council tax and water costs would only be allowable if you were in-between tenants.
For further information please see the guidance at PIM2140.
PIM2140 - Deductions: main types of expense: rates and council tax
Thank you. 

Hi OfficialRenn,
The employer should receive an online copy within 3 working days and when they operate the new code for the first time through payroll any refund due will be received through your salary. 
Thank you. 
 

Hi Jestyn thirkell-white,
The previous replies were issued based on you being a UK tax resident and the pensions being from Switzerland.
As UK pensions they will automatically be taxed in the UK but you can submit a claim under double taxation relief so that a code of NT is issued for you to then declare them in Switzerland:
Double Taxation: UK-Switzerland (Form Switzerland-Individual)
Thank you. 
 

Hi Chun Kuen Leung,
You will  please need to contact HMRC to review the previous year underpayment.
Income Tax: general enquiries
Thank you.