HMRC Admin 21 Response
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RE: NT Tax code and RSU vest
Hi
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at: Contact HMRC.
Thank you. -
RE: Maximum Savings Interest before I need to pay tax
Hi thesellfamily,
If your untaxed savings interest does not exceed £10,000, then you do not need to complete a Self Assessment tax return to declare your untaxed interst. If your savings interest exceeds £500 (but remains under £10.000), any tax due will be automatically calculated and paid through PAYE.
Please see: Tax on savings interest.
Thank you. -
RE: Made a mistake with my tax residency on past self assessment, how do I correct the record?
Hi,
It is too late to amend your tax returns for 2021 to 2022 and earlier, so for those tax years you will need to write to: HMRC at:
H.M.Revenue and Customs Self Assessment
BX9 1AS,
to confirm that you are not UK resident for those years, but you are entitled to claim personal allowances (you will need to look at the guidance notes for supplementary page SA109, boxes 15 and 16 at:
Residence, remittance basis etc (Self Assessment SA109)
for the reasons that you continue to qualify for personal allowancs.
For tax years 2020 to 2023 onwards, you can download the relevant SA109 page and submit it to the address above. Going forward, you will either have to submit a SA return in its entirety on paper or by buying a commercial tax return that allows you to submit online.
You should note paper tax returns must be submitted by 31 October each year, to avoid late filing penalties and interest charges.
Thank you. -
RE: QROPS 5 Year Tax Rule
Hi Kevin,
Please have a look at the guidance at Transferring your pension and Overseas pensions: pension transfers.
Further guidance can be found at:
PTM112010 - International: qualifying recognised overseas pension schemes (QROPS): introduction.
Thank you. -
RE: EIS Loss Relief
Hi,
In the supplementary page SA108, you declare the loss in the section for unlisted shares and securities and note the code 'NVC' in box 36.
You can also elect what you want to do with the loss.
When tailoring your online return you would tick yes to the section for unlisted shares and securities in the capital gains section.
The 30% tax relief you recieved on your investment, will need to be withdrawn, as you did not hold the shares for the mandatory 3 year from date of issue.
The relief is withdrawn through a special assessment under S235 ITA 2007 legislation.
Capital Gains Tax Summary (2024)
Capital Gains Summary notes
VCM15010 - EIS: income tax relief: withdrawal or reduction of EIS relief: overview.
Thank you. -
RE: Private Residence Relief - Deemed Occupation
Hi
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at: Contact HMRC.
Thank you. -
RE: problem logging into the correct agent services account
Hi,
For assistance please contact the online helpdesk:
Technical support with HMRC online services
Thank you. -
RE: How to report saving interest income to HRMC if no self-assessment is required
Hi Atwork,
If you do not complete a Self Assessment then you will wait for HMRC to receive the untaxed savings interest and review your record. Once reviewed if underpaid in tax a calculation will be issued to you by post.
Thank you. -
RE: Non Resident not able to open online Tax account
Hi,
For assistance please contact the online helpdesk: Technical support with HMRC online services.
Thank you.