HMRC Admin 21 Response
-
Re: Non-uk resident flexible pension lump sum refund
Hi Colin C,
HMRC only issue repayments to UK bank accounts or a payable order, only cashable in UK banks. The only other option is to nominate a trusted person to receive the payment on your behalf.
Thank you. -
Re: RE: Exchange Rate for Foreign Income
Hi ChrisJames,
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for. For your convenience, there are exchange rates at UK Government Web Archive/ukgwa/20231016190054/Exchange rates from HMRC in CSV and XML format and for older rates at UK Government Web Archive/ukgwa/20100202113554/Exchange rates from HMRC in CSV and XML format. You are free to use any of the supplied rates or one of your own choosing, such as a recognised stock exchange.
Thank you. -
Re: Pension contributions
Hi Motinha Mota,
The National Employment Savings Trust (NEST) is a workplace pension scheme set up by the government. This pension is taxable income, so you may have to pay tax on the payments you receive. The payments will not be made by your employer, but will be paid and taxed by NEST. Please have a look at the guidance at Log into your NEST account.
thank you. -
Re: Tax refund been pending over a year
Hi Jakk1395,
Repayments are randomly selected for further security checks, can take much longer. We cannot comment in this forum on your particluar situation, for that you would need to progress chase via our self assessment helpline on 0300 200 3310 or contact our webchat facility at Contact HMRC
Please have a look at the guidance at HMRC compliance checks: help and support.
Thank you. -
Re: Estimated income by Gov - how is calculated?
Hi Christine Hicks,
It may be that your state pension is above the personal allowances of £12570 so tax will be due at 20% on the amount above this.
Thank you. -
Re: RE: First Self Assessment - Other Income from Freelance Job
Hi JasonSali,
International organisations normally distinguish between those they consider to be `officials' (see INTM860630) and `consultants' (generally designated by the organisations as `experts on mission') who are considered to have the status of independent contractors. The customer has advised they are a freelance contractor rather than an employee. INTM860750 refers specifically to employees. Claims to exemption from individuals regarded by the organisation as `consultants' or `experts on mission' should be resisted and their fees taxed in the normal way. See
INTM860760 - INTM860760 - Employees of International Organisations: Experts/consultants. We cannot give any rulings/opinions in relation to international employments on a general forum, there is a specialist business area (the email is in the manual reference I have supplied). You should supply full facts in writing for further advice.
Thank you. -
Re: RE: Overpaid Student Loans £5,204.24 Refund Due Self Assessment
Hi Ruth Parchment,
It means: Student Loans Unit (SLU).
Thank you.
-
Re: Backpay From A Pay Award Covering Several Years
Hi Derek_F_1968,
You will need to write to HMRC at H.M. Revenue and Customs Pay As You Earn BX9 1AS and make a claim for 'arrears of pay'. In your letter, you will need to provide a breakdown of the payment you received and how it relates to each of the earlier tax years.
Please have a look at the guidance at PAYE70023 - PAYE operation: aspects of PAYE operation - employer: payment of arrears of pay for closed tax years and EIM02530 - Employment Income: arrears of pay and awards under the Equal Pay Act 1970 for more information.
Thank you. -
Re: Got a letter to complete Tax Return for 22-23 online. I can't find it online
Hi Sergey,
You will need to register for online filing in order to do this - Self Assessment tax returns.
Thank you. -
Re: CGT on deceased property
Hi Jo P-K Payne,
If the property was named in a will, along with the beneficiaries, then when your last surviving parent passed away, the property was transferred to the beneficiaries, with a value as declared in probate. If the property is disposed of for more than the probate value, then a capital gain arises. Each of the beneficiaries would need to work out what their gain is and report and pay it within 60 days of completion.
Thank you.