HMRC Admin 10 Response
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re Paid into two CASH ISA's in error
Hi
As you can only pay into 1 cash ISA, each tax year, you will need to decide which one you want to keep as the ISA and close the other. any interest received in the account to be closed will form part of your personal savings allowance to be classed as taxable income.
HMRC will contact you in due course to confirm any actions. -
RE SIPP, annual allowance and no relevant earnings
Hi
The £3600 is the gross amount you can pay in to receive tax relief - if already appied at source you can only pay £2880.
You can still pay in £60k as this is the annual allowance but you will not receive any further tax relief on this. -
re Declaring savings interest over £1000
Hi
No ,you enter the full interest received and the allowance is applied in the calculation. -
re Payments on Account
Hi
Once you submit the return, the statement will update to take into account the payments you have made direct and a revised balancing payment, if applicable, will show. -
RE: Calculating Net Adjusted Income for Child Benefit High Income Tax Charge
Hi
Yes adjusted net income will be your gross income before dedcutions. -
RE Gaming Collection
Hi
You will need to pay tax on this as it is over £1000 and would be seen as a 'trade'.
If not already regstered for self assessment, you would need to enroll and fill in a tax return. -
RE: Foreign Interest and Depreciation
Hi
please refer to article 11 of the treaty -UK/TURKEY DOUBLE TAXATION AGREEMENT -
RE Government gateway id confirmation
Hi
You will need to contact our Online Helpdesk for assistance.
Technical support with HMRC online services -
re Allowable Expenses on an inherited holiday let
Hi
No you cannot claim these as they were not incurred by you.
The rental business was also up and running when you inherited the property and as such you have no start up costs.
Beginning and end of a rental business: commencement