HMRC Admin 21 Response

Hi Mampitiya,
If Uber do not tax the income you receive from them, you will need to register for Self Employment, and declare this income in a Self Assessment return at the end of the tax year. To register, go to: 
Check how to register for Self Assessment.
Thank you.

Hi Abk07,
If the 2023/24 return is filed before the 30th December 2024, and the payment for the HICBC is present on your partner's statement, we may be able to code out the remaining BIK amount.
To allow us to confirm this, contact us by webchat or phone via Self Assessment: general enquiries.
Thank you.

Hi S_bflai,
Please have a look at the helpsheet HS321 (HS321 Gains on foreign life insurance policies (2024)) as there are different rules depending on the policy type.
Thank you.

Hi gilkelly,
Inheritance tax is not covered by the double taxation agreement.  As  you and your brothers are the beneficial owners of the property, each of you will need to report the disposal in a self assessment tax return, with all figures in pounds sterling.  The acquisition and disposal costs such as solicitors fees, estate agent fees, should be split between each of the brothers, according to their percentage of ownership.  The same can be said for the Irish Capital Gains tax paid.
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 each acquisition and disposal.  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.
Thank you.

Hi Gavin,
You are correct.
Thank you.

Hi Gordon,
Please contact our helpline on 0300 200 3310 or contact our webchat facility at Contact HMRC., to progress chase your repayment claim.
Thank you.

Hi macleda,
Yes.  (£33000/80*100 = £41250).  £41250 - £33000 = £8250.  You deposited 80% of the amount paid into your pension pot (£33000).  The pension provider claimed 20% from HMRC (£8250), to increase your gross payment into your pension pot (£41250).
Thank you.

Hi ErinNicole,
The refund would count as income during the assessment period in which it is received, yes - this income may have been excluded in the calculation from the period in which it was overpaid. For more information, call the Universal Credit helpline on 0800 328 5644 
Thank you.

Hi Ying Kit Wong,
Please refer to Self Assessment tax returns.
Thank you.

Hi motherbear,
This would be taxed under Capital Gains.
The deed can apply to just the house.
The Deed of Appropriation would need to be signed and dated before the asset is sold. This would mean that the asset was no longer held by the Estate, but instead held on behalf of the Beneficiaries. By selling the asset in this way, the Beneficiaries can utilise their own annual tax-free allowances, provided they have not made any other chargeable gains in that tax year.
Thank you.