HMRC Admin 21 Response
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RE: Does fundraising for a good cause abroad affect my tax return?
Hi,
The money you receive would not be liable for tax, and as such would not need to be declared on your tax return, as long as it is transferred to those you stated that you had raised it for. You may wish to note on your return, in 'any other information', the amount raised, and who you intend to transfer it to.
Thank you. -
RE: Personal Savings Allowance, PAYE and UK Banks
Hi Nicki,
Unless your untaxed savings interest exceeds £10,000, you do not need to complete a Self Assessment return to declare this. Your banks and building societies will inform us of any interest automatically. If your total interest exceeds the allowances listed here - Tax on savings interest - the tax due will be collected through your code, or we will write to you with alternative ways of paying.
Thank you. -
RE: Foreign Income after resignation
Hi,
This depends on the terms of the tax treaty with the country you previously lived in. please refer to: Tax treaties.
Thank you. -
RE: Tax on dividing ownership
Hi,
That is correct.
Thank you. -
RE: Tax on sale of shares issued on demutualisation
Hi,
You will need to check the value at the date you acquired them by checking with the London Stock Exchange.
Thank you. -
RE: Self assessment student loan direct debit
Hi,
Change the answer to no.
Thank you. -
RE: Remitted foreign savings (arising basis)
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RE: Tax on ESOP (Employee Stock Option) foreign income
Hi Explorelife,
Please refer to: Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.