HMRC Admin 25 Response
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RE:Bank Savings interest
Hi Agilio1018,
If you are calculating this for the 23/24 tax year you are correct about the figure you would be taxed on.
However, the rate is 8.75%
Tax on dividends
Thank you. -
RE:Tax Codes
Hi daisy03,
If the tax code showing as 125L for the main job, you will need to contact our Income Tax so that we can ensure we have the correct codes set for each employment.
Income Tax: general enquiries
Thank you.
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RE:Personal Allowance £12570
Hi Brian,
If your non-savings income is less than the Personal Allowance, the savings income would count against the Personal Allowance.
Thank you.
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RE: Savings starter rate vs marriage allowance
Hi AndyPG,
The amount for Marriage Allowance wouldn't be added on.
It entitles you to a fixed deduction off your overall tax liability.
You would be entitled for the Starting rate for your income above the PA, and the Personal Savings allowance if required:
Tax on savings interest
Thank you.
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1. Statutory Residence Test (SRT)
Hi Spencer Lewis,
HMRC cannot advise you on this as your residence is for you to determine based on the guidance available:
Residence, Domicile and Remittance Basis Manual
Thank you. -
RE:Capital Gains on land sold abroad
Hi Just248,
Yes you will need to declare the sale in the UK and the rate of tax depends on the actual gain.
You can claim Foreign Tax Credit Relief for the Polish tax paid
Capital Gains Tax: what you pay it on, rates and allowances.
Thank you. -
RE:Overseas savings + UK earnings and taxation
Hi TaxFinZero,
You are correct.
Thank you.
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RE:Contacting HMRC regarding delayed tax calculations for financial year 2022/2023
Hi osi,
The contact methods for the Income tax department are listed here:
Income Tax: general enquiries
Thank you. -
RE:Tax system while registered with DWP
Hi M_Polinski,
Pleae refer to guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.
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RE: Uk tax on income held in an overseas company
Hi andrewrb,
Unless you are taxed on the Remittance Basis, you should declare any foreign investment income (ie dividends etc) in the Foreign pages (SA106) of your Self Assessment Tax return. Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Tax on foreign income
Thank you.