HMRC Admin 25 Response
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Tax rate for giving money to sister living overseas
Hi Pauline Chan,
There are no income tax implications on the receipt/giving 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. -
RE: FBO Address / Compliance
Hi Giraffe63,
I would advise contacting the Customs and International trade helpline on 0300 322 9434 if you have any other issues with your query.
Thank you. -
RE: Sending Food Samples to Europe
Hi Janet Fairclough,
We would advise that you please contact the Customs and International trade helpline on 0300 322 9434 if you have any other issues with your query.
Thank you. -
RE: URGENT EORI Request
Hi Paullongland,
Applying for an EORI needs to be done via a valid business Government Gateway account.
Once logged on apply via:
Get an EORI number
The EORI team will not grant EORI numbers via email, you will need to be apply via Gov.UK.
Thank you
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RE: Registering fir CDS
Hi Mike Abedini
Government Gateway credentials they may require a reset.
You will need to contact the Online Services helpdesk on 0300 200 3600 or 0300 300 3701.
Thank you. -
RE: Chargeable Event Certificate
Hi Sharples123,
Yes you need to declare this on your tax return. if papar it is on form SA101.
If online, you need to tailor your return at section 3 to answer yes to to other income. this then opens up other boxes for you to declare the policy.
Thank you -
RE: Adult or Child Self Assessment? Rental Income
Hi
If the property is in your name, it is your income irrespective of what you do with it.
The Self Assessment Tax return would be for you.
You also need to include any other income you receive.
If the property is in the childrens' names, then if woudl be for them to complete the tax returns (as minors, it would be you completing them on their behalf)
Thank you.
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RE: Correct categorisation of loan note interest on form R40
Hi Rob Oakley,
The R40 notes to aid completion, advise that you can use boxes 3.1 to 3.7 for investments paying interest in non-cash form.
If 3.1 to 3.7 is not appropriate, then use boxes 7.4 to 7.6.
Notes for completing form R40
Thank you.
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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.