HMRC Admin 25
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RE: Self assessment for Foreign Income and Director
Hi Melinda Law,
As you no income in the earlier years, no tax return is required.
When registering for Self Assessment , it will be for your foreign income.
Thank you. -
Tax on Indian Pension, Gratuity and retirement benefits
Hi rajiv,
Article 19(2) of the UK / India double taxation agreement, advises that any pension paid by the Government of India to any individual in respect of services rendered to that Government, shall be taxable only in India.
Article 20 would relate to other pensions that are not government pensions.
2020 UK-India Synthesised text of the Multilateral Instrument and the 1993 Double Taxation Convention — in force
Thank you. -
RE: Navigating Split Year Treatment and Reporting Foreign Interest Income in the UK
Hi C CYK,
If you qualify for split year then you only report any foreign income for the UK part of the year.
Please see guidance here:
RDRM12000 - Residence: The SRT: Split year treatment: Contents
If you do not qualify then you will need to report all your foreign income to the UK:
Tax on foreign income
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies.
Thank you.
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RE: Split year return
Hi S R,
Whether the income is taxable in the UK or not depends on the double taxation treaty.
Please refer to:
Exchange rates from HMRC in CSV and XML format
If liable in the UK, yes you can claim Foreign Tax Credit Relief.
We cannot confirm your residence as this is for you to determine based on the guidance available.
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RE: Contractual lump sum receipts overseas and Exchange rate adoption
Hi YM Ying,
This depends on whether you are using the remittance basis or no.
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
For exchange rates please refer to:
Exchange rates from HMRC in CSV and XML format
Thank you. -
RE: Foreign Capital Gain & Claiming Non-Dom status - will Non-Dom status rolled back for years?
Hi lbwagner,
Please have a look at the guidance on the remittance basis here:
Guidance note for residence, domicile and the remittance basis: RDR1 Updated 25 April 2023
You can amend tax returns for the tax years 21/22 and 22/23 and submit an overpayment relief claim:
SACM12150 - Overpayment relief: Form of claims for 19/20 & 20/21.
Any earlier years are out of date and cannot be changed.
You can choose whichever tax years you want to use the remittance basis and which the arising basis.
To claim the remittance basis means you will need to submit the supplementary page SA109.
When claiming the remittance basis, you lose your personal allowance / annual exempt allowance and become taxable only on your UK income plus £30000 if you are resident in the UK for 7 of the last 9 years.
60000 if you are resident in the UK for 12 of the last 14 years and you are treated as 'deemed domiciled' in the UK after 16 years.
Where you are deemed domicile, you can no longer use the remittance basis and will be taxed on your world wide income and gains in the tax year they arises.
Thank you.
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RE FX REMIT REBATE
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RE: Employed PAYE, and loss stocks
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RE: Specified Adult Childcare Credits
Hi Nanny8,
HMRC cannot advise on your State Pension entitlement.
If you are already in receipt of your State Pension you will need to contact the Pension Service part of the Department for Works and Pensions.
If you are not in receipt of your State Pension and the 12 weeks award improved the number of years that count towards your State Pension you can request a New State Pension forecast online at:
Check your State Pension forecast- GOV.UK (www.gov.uk)
Thank you.
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RE: The time of processing the pension application
Hi HASSAN 2022 HASSAN,
Unfortunately HMRC cannot advise on timescales for the Department for Works and Pensions.
You may wish to contact them directly on 0800 731 7898.
Thank you.