HMRC Admin 10 Response

Hi
You cannot apply for this until you actually leave and it will be the P85 that you use - you will not have the P45 to attach to it as you are still employed.There is no limit to the time this code can be applied but you do need to notify HMRC if you reeturn to the UK. There is no paper work required from your employer.

Hi
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here (Tax on savings interest and Tax on dividends).   

 

Hi
There is no tax due on the gifts you give to your sons and you should not declare them.

Hi
You would need to ask Universal Credit what they want HMRC to send to them. You cannot request it on this forum and will need to ask for this on 0300 200 3300.

Hi
You can view your pay and tax details for the 2023/24 tax year on your personal tax account Personal tax account: sign in or set up. You can also contact HMRC for the details Income Tax: general enquiries

Hi
We cannot comment on scenarios or examples.  We can only give general advice.  When the shares vest, your employer would normally include the cash sum in your P60, so that you can report the income in your self assessment tax return.  In situations where the vested shares income is not inclued in your P60, you would declare the income as'tips and other payments not included on your P60'.  If foreign tax is deducted, you also need to include the disposal in the foreign section, so that you can claim a foreign tax credit relief.  (Employment-related securities and options: what are securities: RSUs and dividend equivalents).  Any share disposed of immediately upon vesting are not subject to capital gain tax.  If you dispose of the shares at a time after the vesting date, any diposal for more than the strike price is a gain and chargeable under capital gains rules.

Hi
Having just the one receipt is not an issue.  All you would need to do is keep a record breaking down the invoice between the parties involved.  In this way you can demostrate the allowable and dis-alloable expenses.  Expenses and benefits: meals for employees and directors

Hi
It is possible that you are not entering a figure for tax deducted, of 15% of your NRE interest in the tax return, so that a FTCR can be calculated.  If our self assessment tax return, shown that you have not paid Indian tax, then no tax relief is due.
 

Hi
To advise you correctly, we would need to review your record to check on what stage your repayment is at. To allow us to do this, contact us by webchat or phone via Self Assessment: general enquiries

Hi
Please refer to Other UK income - page 3, box 5 onwards.