HMRC Admin 21 Response

Hi osti640,
Tax Relief can be claimed through your Self-Assessment (SA) Tax Returns for the years 2022/2023 and 2023/2024.
If you do not complete SA Returns then you should write in with full details of your donations and any relief due will be processed through your PAYE tax record - the conditions that apply are as follows -
If an individual or corporate donor makes a donation to a non-UK charity after 15 March 2023, UK tax reliefs (such as Gift Aid) are only available if the charity has ‘asserted their UK charitable status’ previously with HMRC under transitional provisions which last until 5 April 2024 for individuals and 1 April 2024 for companies and charitable entities.
After April 2024, taxpayers will not be eligible for UK tax relief on donations to EU or EEA charities.
Thank you.

Hi Pamela,
The default method for calculating tax in the UK is the 'arising' method.  Tax is payable on income or capital gains in the tax year it arises, whether from the UK or world-wide.
A self assessment tax return is required where there is foreign income.  The exemption from small amounts of foreign income, described at point 9.12 is limited to £100 of foreign bank interest. (Guidance note for residence, domicile and the remittance basis: RDR1).  
As you exceed this amount, you will need to declare the interest in a self assessment tax return.  You can register for self assessment at:
Register for Self Assessment if you are not self-employed, either online or by printing and posting the form.  
You can download the paper version of the tax return and supplementary pages at: Self Assessment tax return forms  
If you choose to claim the remittance basis, this must be done on a tax return. Self assessment does not state which rate of conversion you must use. Self assessment advises that a just and reasonable exchange rate is used. For your convenience, you can use any of the rates provided by HMRC or for another source of your choosing.
Thank you.

Hi Spag Locks
Here is another link to the Voluntary National Insurance contributions information - Voluntary National Insurance: Overview - GOV.UK (www.gov.uk)
You will pay class one National Insurance on a weekly or monthly basis. If you earn less than the weekly/monthly Lower Earnings Limit (LEL), these earnings will not attract National Insurance contributions. If you earn above the LEL you will pay National Insurance contributions and these will count towards the tax year in which you pay them. 
You would not know until the end of the tax year, whether you have paid enough to obtain a full qualifying year for pension and benefit purposes. If you don’t achieve a full year, you will have the option to pay voluntary National Insurance contributions at the class 3 rate (see the link above). You would only pay for the number of weeks required, whole years would only be required if you hadn’t earned above the LEL for any weeks/months within the tax year. Please note class 4 is different and relates to a self-employed person.
Thank you.

Hi Chris H,
Please refer to:
Residence, Domicile and Remittance Basis Manual RDRM32020 and,
Residence, Domicile and Remittance Basis Manual RDRM32040
Thank you.

Hi Cornish1960,
If your income takes you into the higher rate tax bracket then yes you can claim relief on your pension contributions if the payments are made from your net income Tax on your private pension contributions.
Thank you.

Hi M B,
You can use HMRC rates at HMRC currency exchange average rates.
Thank you.

Hi nazboy23,
Yes you can use them as long as they are reported before 05/04/25. If the actual disposes were over £49200 then this should have been reported using a tax return.If not, you can send the details in writing to show how you arrived at your  figure to:
HMRC PAYE & Self Assessment
BX9 1AS
Thank you.

Hi ddawood,
As you are trading, you would potentially be liable to pay tax on the net profits.  What you choose to do with those net profits afterwards, is up to you.  If your gross profit exceeds £1000, you will need to register for self assessment and report the turnover and expenses.  If tax is payable on the profits you give to charity, you can claim tax relief by declaring the gifts to charity in box 5 of page TR4 of SA100.  The charity can then claim tax relief on the charity payment from HMRC, thus receiving the tax you paid on the profit as well.
Thank you.

Hi ceeloucee16,
Please have a look at the guidance at IPTM6010 regarding critical illness policies (IPTM6010 - Sickness, disability, unemployment and long-term care insurance: introduction and overview).
Thank you.