HMRC Admin 25
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RE: Income from foreign NRE account
Hi Pleasehelp Me,
To confirm you are correct.
You are liable to tax on the actual interest received based on the conversion to sterling.
Please see guidance here:
Tax on foreign income
Thank you. -
'Non-domiciled' residents and dividents from UK companies
Hi
If you use the remittance basis, you will only pay tax on your UK income / gains and any income / gains remitted to the UK.
As your dividends were generated in the UK, they will be taxable in the UK, even if paid into a foreign bank account.
Have a look at the guidance on remittance basis, which can be found here:
Residence, domicile and the remittance basis: RDR1
Thank you.
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RE: HMRC not answering phones, 3rd day and cannot get through to speak on their help line
Hi Sunday123,
You will need to keep trying our helpline so that we can review this for you.
Thank you. -
RE:Wrong tax code
Hi Juil Sock,
The tax code can only be updated if you contact us by telephone or in writing.
Our helplines are busy at the moment please keep trying to get through.
Income Tax: general enquiries
Thank you.
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RE: HMRC not answering phones, 3rd day and cannot get through to speak on their help line
Hi
If you are unsure why we have asked you to complete a Self Assessment tax return you will need to speak to the helpline.
The helpline advisor can review your Self Assessment account.
Please see the helpline opening times here:
Self Assessment: general enquiries
Thank you. -
RE: US Treasury Bond gain treatment
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RE: SA102 - foreign income from a job
Hi FDL80,
To have the form provided by the tax authority of Slovenia stamped and signed by HMRC, please post it to HMRC at the address below.
Income Tax: general enquiries
If , alternatively, your research fee is taxed in Slovenia, you can claim Foreign Tax Credit Relief (FTCR) when you declare the fee in your self assessment tax return.
The amount of FTCR you can claim is limited to the lower of (a) the foreign tax paid (or allowed by the specific DTA) (b) UK tax liability on the income.
Relief for Foreign Tax Paid 2021 (HS263)
Thank you.
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RE: Tax on interest on long term fixed rate bond
Hi Taxpayer123
Please refer to guidance here:
SAIM2440 - Interest: taxation of interest: when interest arises
And associated links.
Thank you. -
RE: SA1 - entry of foreign income
Hi BPS WONG,
It will be the date you arrived in the UK.
Thank you.
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RE: Non tax payer - Pension contribution carry forward and tax relief at source.
Hi Simon D,
Sorry no.
Your annual allowance is the limit on the amount of pension savings that can be made to all your pension schemes in a tax year before you have to pay tax on them.
This can be from a: defined contributions arrangement - where your pensions savings is the total contributions you (or a third party like your employer) have made, defined benefits arrangement.
Where your pension savings is the increase in the value of your promised benefits under the pension scheme, from the start to the end of the period your pension savings are measured (from 2016 to 2017 this is the tax year).
You will not be taxed on pension savings over your annual allowance if you have enough unused annual allowance from previous years to carry forward.
You can carry forward unused allowance from the 3 previous tax years.
Your annual allowance for a non tax payer is £2800.00, so there is nothing left to carry forward.
Thank you.