HMRC Admin 8
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Re: Unable to calculate profits - need advice
Hi,
Self employed individuals are responsible for keeping their own detailed records of all sales transactions, to enable them to declare accurate details of income and expenditure:
Business records if you're self-employed
Thank you -
Re:Foreign pension income from Turkey
Hi,
Yes. Foreign pensions should be declared in the relevant section of the Foreign Pages in your Self Assessment tax return:
Check if you need to send a Self Assessment tax return
SA106 Notes 2023
Detailed guidance is provided at EIM75500
Thank you. -
Re:Paper share certificates
Hi,
We are unable to answer this question at this time.
The digitasation of share is still a work in progress, which we have no guidance to refer to beyond the terms of reference at:
Digitisation Taskforce – Terms of Reference.
We would advise you to continue checking for updates on www.gov.uk.
Thank you. -
Re:Overseas Trust - do I need to file?
Hi,
Please have a look at the guidance on non resident trusts at:
Non-resident trusts and in particular, the section for ""How much you should pay if you are a beneficiary".
It advises:If you’re a UK resident beneficiary of a non-resident trust, you may need to complete a Self Assessment tax return and the SA107 supplementary pages.
As you commenced receiving income from the trust in 2021/2022, a tax return will be required for each tax year from 2021/2022 onwards, for as long as you receive the trust income.
Thank you