HMRC Admin 8 Response
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Re:Money Transfer Tax Implications - UK non-resident
Hi,
There is no tax on the transfer of the capital. you will only declare any interest or dividends this then generates.
Thank you. -
Re:How to claim tax credit on fees paid as postgraduate?
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Re:Tax on interest on long term fixed rate bond
Hi Dave Boyle,
If the society automatically reinvest the shares then it wil be on maturity and when you can physically access the interest that will determine the tax year it is classed as income.
Thank you. -
Re:CCS Collect Scam or HMRC?
Hi,
To clarify the amounts being requested and why, we would need to view your record and statement.
Contact HMRC by webchat or phone:
Self Assessment: general enquiries to allow us to do this.
Thank you. -
Re:Correcting SA tax return calculation
Hi,
The amount calculated as due is usually the product of the figures entered in your return.
You can review and amend these figures by logging into where you filed your return, and reopening that return.
If you would like us to review and discuss your calculation, contact us by webchat or phone:
Self Assessment: general enquiries
Thank you.
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Re:Foreign tax on dividends
Hi,
You can declare the income and claim foreign tax credit relief :
Relief for foreign tax paid (Self Assessment helpsheet HS263)
Thank you. -
Re:Refund of tax taken off Foreign divided
Hi,
The foreign tax credit relief can only be used against the same source of income. it wont therefore reduce your UK liability for any other sources that you have.
Thank you. -
Re:Overseas Remote employee for a UK based employer
Hi,
Your UK employer would be required to add you to their payroll, so that your employment income is declared to HMRC.
Your employer would need to contact HMRC and apply for a Section 690 direction to operate PAYE on a non-resident employee's earnings for work in the UK.
You would not pay national insurance in the UK, but you may need to in Guernsey.
Thank you. -
Re:Tax on severance payment split between UK and Germany
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Re:Opening Multiple CASH ISA
Hi,
From 06/04/24 you can open and contribute to more than 1 cash ISA.
The limit for investment is still £20,000.
Thank you.