HMRC Admin 25 Response

Hi Barry,
Shares offered outside of the tax advantaged share schemes, do not have the same tax advantages.
The free shares will be treated as a benefit and will be subject to Income Tax and National Insurance.
You should report the tax and National Insurance through a Self Assessment tax return, if your employer does not deduct these through payroll.
Tax and Employee Share Schemes
Thank you. 

Hi dz2k,
There may be Capital Gains Tax to pay on the disposal of the overseas property.
If the property was disposed of for more than its market value at the date the property was inherited, then the difference is a gain, so tax may be payable.
To work out if there is a gain, all values must be converted to pounds sterling, using a just a reasonable exchange rate in use a the time.
There is a capital gains calculator here:
Tax when you sell property
 There are exchange rates here:
Exchange rates from HMRC in CSV and XML format
Yearly averages and spot rates
You are free to use any of the supplied rates or one of your own choosing.
Thank you. 

Hi atom,
Please have a look at the guidance here regarding income from overseas:
Remittance basis 2024 (HS264)
Thank you. 
 

Hi simone895 Simonowicz,
No, you will need to refer to the tax treaty , if there is one, with the UK and the other country.
There will be an article for self employment, sometime noted as 'independent personal services'.
This will usually state that if you are resident in the other country then you are taxable in the other country.
Tax treaties
Thank you. 

Hi Laura,
You can set EIS loss relief against taxable UK income in the same year as the losses arise or you can carry those losses back.
As a non UK resident, it would only be set against sources of income that are taxable in the UK.
Thank you.

Hi Oscar,
If you have opened an account for example that does not allow you to touch the capital or interest for a set period of time, say 5 years and as a result you get a much better interest rate.
The interest on this type of account may be calculated every year, but is all taxable in the tax year you are able to access the capital and interest in the account.
By contrast, if you can withdraw from the account at any time, then the annual interest is taxable each year.
Thank you. 

Hi 
A GB EORI number is currently valid for imports and exports in GB. To make a declaration or get a customs decision in the EU you will need either:
•    an EORI number from an EU country
•    an EORI number beginning with XI and a permanent business establishment in Northern Ireland
You will need to contact the customs authority in an EU country if you need an EU EORI number.
If you cannot get an EORI number that can be used in the EU, you will need to appoint someone to deal with customs on your behalf.
Get an EORI number
Thank you. 

Hi 
The person or organisation who made the customs declaration for the imported goods is the debtor.
This means that they are liable for the customs debt.
If you are the declarant but use an agent or representative to make a customs declaration on your behalf, they may be liable depending on the type of representation.
A DDP is an agreement between two or more parties for customs matters, you’ll need to confirm in writing the terms and conditions of your representation and keep a copy of this agreement for your own records. 
Please see below link for more information.
Customs debt liability
To find what you or your business may need before you hire someone to act directly or indirectly on your behalf.
Check what you need to consider before getting someone to deal with customs for you
Thank you. 
 

Hi Happytalk,
You can bring some goods from abroad without having to pay UK tax or duty.
The amount of goods you can bring is commonly known as your ‘personal allowance’.
Please see below link for more information:
Bringing goods into the UK for personal use
Thank you. 

Hi Srai92,
June 2024 falls in the tax year 2024 to 2025.
You should check whether a Self Sssessment tax return is still required for 2024 to 2025.
You can do this here:
Check if you need to send a Self Assessment tax return
Please contact the our Self Assesment helpline:
Self Assessment: general enquiries
If you do not intend to return to the UK and a tax return is not required, my colleagues should be able to deal with your repayment claim.
Thank you.