HMRC Admin 21 Response

Hi magnagatti cianch,
The guidance at SAIM3020 is HMRC definition of the legislation on the meaning of deeply discounted securities.  ‘Deeply Discounted Securities’ (DDS) are government securities, commercial bonds and loan stock, where the amount paid on redemption is higher than the price at which they were issued. The difference is the discount and represents the whole or part of the reward to the holder of the security for the use of the money borrowed by the security issuer. 
Thank you.
 

Hi Peter Fletcher,
The realtime service is only set up to report gains.  Losses should continue to be claimed either through a self assessment tax return or in writing, together with supporting evidence.
Thank you.

Hi Lamprey Smith,
You would need to contact HMRC to review the repayment claim received Income Tax: general enquiries.
Thank you.

Hi Daniela Amor
A certificate of residence is issued in cases where there is a tax treaty between the UK and the other country and the tax treaty covers the income / capital gain arising in the other country.  In situations where there is a tax treaty between the UK and the other country and no overseas income exists, we can issue a letter of confirmation of residence.  This is agreed with each country there is a treaty with.  In situations where the other country are rejecting this agreed process, we would require you to submit a copy of the letter from the other country stating that they will not accept the letter of confirmation of residence.  We have a specialist department, who would liaise with the Portuguese tax authorities in an attempt to find a solution to satisfy both countries.  If the letter is not in English, you do not need to arranged for it to be translated, HMRC will do this.  You should send the rejection letter to H.M. Revenue and Customs Pay As You Earn BX9 1AS.
Thank you.

Hi Hugh Rhodes,
Article 18 of the UK / France tax treaty gives full relief on UK pensions being paid to a resident of France.  The pension will be taxed initially, until we receive a validated DT individual UK / France, which can be downloaded at Application to claim relief at source from UK Income Tax and repayment of UK Income Tax.  You should complete the form, declaring all the pension you are receiving, including state pension (if appropriate) and send the signed and dated form to your local tax office in France.  The French tax authorities will validate the form, confirming the pensions are taxable in France and sent the validated form to you, so that you can forward to HMRC at the address on the front page of the form.  From this, we can arrange for your pension provider to stop deducting tax and repay and tax deducted in the current tax year.
Thank you.
 

Hi Michel Raymond,
Your employer, in conjunction with the pension provider, will advice you on how they will address this situation.  You can contact the pensions regulator if you have concerns about the way your employer is dealing with automatic enrolment (https://www.thepensionsregulator.gov.uk/contact-us).  You can also contact money helper (https://www.moneyhelper.org.uk/en/contact-us) who may be able to help you.
Thank you.

Hi Yoga1,
We cannot advise on scenarios.  Overseas interest and tax deducted is declared on SA106 (foreign).  Overseas capital gains are declared on SA108 (capital gains) and SA106 (foreign) in the tax year that they arise.
Thank you.

Hi Sam Norman,
We can't advise you of the most cost effective way.  You will need to pay for the services of a financial adviser for that type of service.
Please have a look at the guidance at Double Taxation Relief Manual, which explains why no tax relief is due.  However the article on elimination of double taxation allows for a credit against the Canadian tax paid.
Thank you.