HMRC Admin 10 Response
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RE Is there a QROPS in Singapore
Hi
If its not on the list then no. -
RE: Lost job in July 2023 haven't found any job as yet, I need overpaid tax, help needed
Hi
Usually our systems automatically review your tax records for any tax repayment due over the next few months. If you have also recieved any employer benefits/Jobseekers allowance /Incapacity benefit we may still be waiting for this infomration to be passed on to ourselves.If you log onto your personal tax account it may now showing if any tax repayment is due.
Please see link here for further information Personal tax account: sign in or set up .
If still unclear you should contact HMRC using the contact details here for further assistance Income Tax: general enquiries -
RE Personal allowance & Saving interest allowance
Hi
Per the Double Tax Agreement with UK/HK, article 17 for pensions states that pensions arising in a contracting party paid to a resident of another contracting party shall be taxable in the first mentioned party. UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL
In terms of personal allowances, the following link, Tax on your UK income if you live abroad, confirms an individuals right to UK personal allowance.
If an individual does not qualify for UK personal allowances against UK income within this guidance or under the terms of the double taxation treaty, automatically their residency status for the year would need to be considered as they may come out as UK resident in which case personal allowance would be available against UK taxable income.
You may wish to use the Statutory Residency Test to establish your residency status for the UK tax year 06/04/2023 to 05/04/2024 being the year that you arrived in the UK.
This may give you the confirmation of whether your UK personal allowances will be £12,570 and/or available in addition to the starting rate and personal savings allowance as mentioned. Statutory Residence Test (SRT).
The amount of entitlement to starting rate for savings and personal savings allowance is dependant on your income level.
Please see the link that details this Personal Savings Allowance
If you require any further advice, please contact HMRC and request to speak to a taxes technician, they may be able to provide you with additional clarification if the above links don't provide you with the answers you need. -
RE Workplace pension max contribution?
Hi
Please use the link for pension contributions and your annual allowance Tax on your private pension contributions -
RE Repayment Income Tax
Hi
If you have received a cheque, you would need to go into your local bank branch and have them deposit it into your account. -
RE: Rental Income from foreign property
Hi
Thank you for your question. Yes, you can claim expenses for the interest on a mortgage to buy a non-residential let property. For further guidance on allowable expenses, please see Allowable expenses -
RE: Oversea bank interest partially offset the property mortgage interest
Hi
Thank you for your question. Mortgage interest relief can only be claimed by the person whose name the mortgage is in, therefore if it is in both names you can each claim your share regardless of what bank account is used for your overseas rental property. -
RE Rental income differs with rental agreement.
Hi
Thank you for your question. You would need to declare the actual rents recieved which would be £1400 pm. -
RE How do I link my new software to my VAT MTD Account
Hi.
Please speak with the software provider regarding this. -
RE: Deadline VAT return
Hi.
The deadline for the VAT return is the 7th of the month regardless of what day this falls on