HMRC Admin 10 Response
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RE: What’s included in £10000 investment income limit for self assessment
Hi
Interest from an ISA does not count towards the savings allowance as it is not taxable and should not be declared. -
RE: Double taxation of tax paid in the Netherlands
Hi
Foreign tax credit would only be given up to the amount of UK tax that would be due.
Any excess would need to be recovered from The Netherlands. -
RE: UK Tax on Australian Superannuation
Hi
If you meet the conditions specified at point 2.2, then no tax will be due. -
RE: Tax return for self-employed in Ukraine
Hi
You also need to include the SA109 to show that you are claiming the remittance basis. -
RE: Loses on uk rental property
Hi
If you are UK resident and its a UK property, no. -
RE: Redundancy pay paid to pension - self assessment
Hi
Any part of a lump sum redundancy payment that comes from salary, bonuses, PILON, or holiday pay does count as relevant UK earnings. However, only the part of the actual redundancy payment over the tax-exempt threshold of £30,000 will be classed as employment income and count as relevant UK earnings.
To pay the full redundancy payment into the pension as an personal contribution, the individual needs to have enough relevant UK earnings from a source other the redundancy payment to cover the full payment. -
RE: Moving back from UAE to UK
Hi
Yes.
As UK tax redient you are liable on your worldwide income. -
RE: If I stay over 183 days in Romania and pay taxes in Romania do I need to pay in the UK as well?
Hi
You will need to let HMRC know that you have now left the UK in order for your self assessment record to be closed down.
You may still need to complete the 22/23 return if not already done so.