HMRC Admin 26

Hi,

If you contact our Income tax department, we can issue a letter to pass to your employer which advises them on how to correct the figures if they have submitted incorrect details.

Income Tax: general enquiries


Thank you.

Hi,

If the pension contributions are taken before tax, they should not be included in the amount on the P60.

You would only be declaring the pension contributions if they were not deducted before tax as you would not have received tax relief on the income

Thank you.

Hi,

As none of these are Self Assessment criteria, we would not advise you to complete one of this.

You can provide the information to our Income Tax department by telephone or in writing:

Income Tax: general enquiries


Thank you.

Hi,

An SA302 can be issued by our Self Assessment department, they can also advise regarding the late filing penalty.

You can contact them by telephone or by writing to us:

Self Assessment: general enquiries


Thank you.

Hi,

As previously advised if you have received foreign earnings whilst UK resident then you must submit a self assessment form and complete the foreign section.

If you pay tax in HK you may be entitled to claim foreign tax credit relief on these earnings.  If you need any further advice my suggestion would be to contact the tax office and discuss your query with a taxes adviser:

Contact HMRC

​​​​​​​Thank you.

Hi,

You would determine your own tax residency by completing the online Statutory Residency Test. 
This test is a self service and does not ask for any evidence such as a stamped passport. 

More information on days spent in the UK is included in the following guidance :

RDR3 Statutory Residence Test


Thank you.

Hi,

Capital Gains Tax is a tax on the profit arising when you sell (or ‘dispose of’) an asset that has increased in value.

It is the gain you make that is taxed, not the amount of money you receive, therefore, the whole of the gain arising from the sale of your company shares would be taxable in 2021/22.       


Capital Gains Tax: what you pay it on, rates and allowances


Thank you           

Hi,

The remittance basis is an alternative basis of taxation for a tax year for a UK resident who is not domiciled in the UK.


Earnings and gains made prior to a tax payer being resident in the UK will not be subject to a remittance basis charge

There is no specific guidance but the attached gives the basics:


Residence, Domicile and Remittance Basis Manual


Thank you.

Hi,

Purchase of stock from overseas would not be itself preclude you from using HMRC's online filing service.

For a full list of the conditions, please see the GOV.UK website.

You will need to ensure that you have a balanced set of account prepared in accordance with accountancy principles and adjusted for tax purposes before you can use the online filing service.


Thank you.

Hi,

No, the accounts submitted to companies house are not as detailed as the accounts provided to HMRC.

The accounts required by HMRC are the statutory accounts. Statutory accounts must include: 

1. A balance sheet, which shows the value of everything the company owns, owes and is owed on the last day of the financial year,
2. a profit and loss account which shows the company's sales, running costs and the profit or loss it has made over the financial year.
3. notes about the accounts,
4. a director's report (unless you are a micro-entity).   

You will then need to make adjustments to the profit and loss account in the corporation tax computations to exclude any expenses that are not allowable and also to include and that are allowable and are not reflected in the profit and loss account. The taxable profit will not match the net profit reflected in the accounts provided to companies house, this is very common.

Thank you.