HMRC Admin 25

Hi Emma Callister,
He will need to send in a claim for overpayment relief. ensure all information below is noted.
All claims must be in writing to us at: Self Assessment, HM Revenue and Customs, BX9 1AS, United Kingdom.
Please tell us they are claiming overpayment relief give full details of the claim including the amount of tax they have overpaid.
Why they have paid too much tax the tax year / accounting period if they have already appealed the calculation.
If they are claiming repayment any supporting documents showing tax paid be signed by the customer.
Even if sent by an agent confirm the details given are 'correct and complete to the best of my knowledge and belief.
Thank you. 

Hi Pippi123,
The origanal payment would be seen as a gift from your parents.
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
Thank you. 

Hi Man Pang,
If you received shares instead of a cash dividend, this is a stock dividend.
The company will give you a dividend statement that shows ‘the appropriate amount in cash’ or ‘the cash equivalent of the share capital’, put this figure 
in box 12.
Thank you. 
 

Hi Daniel Honciuc,
If bringing the money to the UK it would be classed as income:
Remittance basis 2023 (HS264)
Thank you. 

Hi Joan G,
If you have already been in contact with complaints you would need to raise this with them.
Thank you. 

Hi BritishAl23,
Roth Individual Retirement Accounts payments to a UK resident that are not taxable in the United States are not taxable in  the United Kingdom.
Have a look at:
DT19852 - Double Taxation Relief Manual: Guidance by country: United States of America: Treaty summary
Note 2 in relation to other pensions. 
UK/US citizens resident in the UK are taxable on their IRA interest in the UK.
IRA's are treated differently from Roth IRA's, in that they are taxable in the UK under foreign interest.
The gross interest would be declared in the Self Assessment Tax return, using the supplementary page SA106.  
The interest would be treated in the same way as UK interest and attract that starting rate of £5000.00.
Have a look at:
Tax on savings interest.
DT19852 implies that tax is not payable in the USA on this interest. 
Thank you. 

 

Hi Angela Stone,
We would need to check the details on the return and you can contact us on webchat to have this reviewed.
If correct, supply bank details for a repayment to be arranged,
Go to Gov.uk and search 'contact HMRC'.
Then choose Self-Assessment and go to 'Ask HMRC Online'
Thank you. 
 

Hi Mike Tong,
If you hav not used any this year and the figure is already showing on your previous return you are ok.
Thank you.

 

Hi Shiawase,
Commonly foreign income and gains are ‘remitted to the UK’ if they (or something deriving from them) are:
brought to, or received in, or used in the UK by you or another relevant person
brought to, or received in, or used in the UK for your benefit or that of another relevant person
used to pay for a service provided in the UK to you or another relevant person
used to pay for a service provided in the UK for your benefit or that of another relevant person
used outside of the UK for a relevant debt in the UK
Thank you. 

Hi Prathama Adikehithlu Raghunath,
If it is not showing you the option for 22/23, you should contact our Income Tax helpline to check if its already in place.
Income Tax: general enquiries
Thank you.