HMRC Admin 25 Response

Hi Eddy S,
You are correct the DT Individual Spain forms should be returned with “Residencia Fiscal en Espana Convenio”.
Thank you. 

Hi Mubin Chachia,
Please note we will require to access your tax record to check the status of your P85 form.
Please see Income Tax: general enquiries
Which gives you the various methods of contacting us if you are unable to do so by phone.
Thank you. 
 

Hi DA Hill,
ESOPs are treated as a perquisite or benefit someone enjoys on account of their job or position and are taxable as income, and are taxable (if owned by a UK resident) when exercised.
If the shares are sold in the market, any profits arising will be subject to Capital Gains Tax.
Tax and Employee Share Schemes
Thank you. 

Hi suchetasit,
If the PAYE tile is not showing, the employment may not be showing on HMRC records or the record needs updating.
You will need to contact the Income Tax helpline:
Income Tax: general enquiries
Thank you. 

Hi tzytzy,
Based on the information you have provided, under the terms of ESM10050 the answer would be No.
As Member A isn't paying Member B (who would then be classed as a replacement) to do the work.
They are only asking them to take their place.
The client is paying a 3rd party (the Partnership) without any idea of who has carried out the work and the 3rd party works out the allocation of the fees accordingly.
ESM11050 - Check Employment Status For Tax: Personal Service - Does the worker pay the substitute?
Thank you. 

 

Hi mrjt,
Please see:
Work out your rental income when you let property
If HMRC has asked you to send a return for 2022-23 then you should declare your loss in the return and show that you wish to carry this loss forward.
Thank you. 
 

Hi Pagw,
Based on the information you have provided you can either ask us to reduce your payments on account or remove the income from property from your current tax code.
You should bear in mind that if you reduce your payments on account by too much, you will be charged interest on the original amounts.
Please see:
Understand your Self Assessment tax bill
Thank you. 

 

Hi C CYK,
Please note that you are only required to report information about an overseas Life Insurance policy in the following circumstances:    
- cash or other benefits are received on a full or part surrender of a policy
- a policy matures or is brought to an end by the death of the life insured
- there is a sale or assignment of a policy (or part of a policy) for value
- the policy is a personal portfolio bond (even if the insurer has not paid cash or other benefits during the year)
HS321 Gains on foreign life insurance policies (2023)
Thank you. 

Hi JinQin W,
Please contact the HMRC helpline on 0300 200 3310 as we will require to access your records to determine the correct UTR.
You should only have one UTR.
We will also be able to update your address when you call.
You can also contact us online via our Webchat Service Self Assessment: general enquiries - GOV.UK (www.gov.uk) by clicking on “Ask HMRC online.
Self Assessment: general enquiries
Thank you. 



 

Hi Elizabeth Arscott,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Tax on dividends
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:
How Inheritance Tax works: thresholds, rules and allowances
Inheritance Tax: general enquiries
Please note Inheritance Tax queries are not dealt with on this Forum and you may wish to contact the Inheritance Tax Helpline on 0300 123 1072 if the above link does not answer your query.
Thank you.