HMRC Admin 8 Response
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Re:SIPP personal pension relief at source
Hi,
Tax relief is due in the year the payment is made and the deemed date of payment depends on how the payment is actually made. please refer to: Deemed date of contributions
Thank you. -
Re: CGT on 2020 gains, carry over of 2021 losses
Hi,
It is likely that a fine will be imposed for late submission of the informatoin. Interest will also be charged for late payment.
Thank you. -
Re:Salary Sacrifice on proceeds from unapproved share options
Hi,
Your employer should deduct tax and NIC on the payment. You can pay the net figure into your pension scheme and have your pension provideer claim tax relief, you would then need to claim higher rate relief on penson payments, if you pay tax at the higher rate or additional rate.
Thank you.
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Re:Tax on future payments on exercising options on unapproved share scheme
Hi,
Please have a look at the guidance at:
HS305
Employment-related shares and securities (Self Assessment helpsheet HS305
Thank you.
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Re:self assessment for joint tenants property ownership with non spouse
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Re:Split year treatment
Hi,
1 - If you do not need to send tax returns for 2021-2022 and 2022-2023 tax years, then if you have any income to declare, you can do this in writing, sending your letter to H.M. Revenue and Customs Pay As You Earn BX9 1AS.
2 - You must submit your whole tax return together and in the same format. This means you either submit a SA100 and SA109, along with any other relevant supplementary pages on paper or by buying a commercial tax return that includes SA109 and submitting that version of the return online, using your government gateway user ID and password.
3 - 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:
https://webarchive.nationalarchives.gov.uk/ukgwa/20231016190054
https//www.gov.uk/government/collections/exchange-rates-for-customs-and-vat and for older rates at: https://webarchive.nationalarchives.gov.uk/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. -
Re:Share identification clarification request and CGT loss offset
Hi,
You can set the loss from one asset against the gain of another in the same tax year. This would be visible in the evidence provided when declaring the gain.
If the loss is declared in a previous tax year it can be carried forward and set against the gain, again supported by evidence when declaaring the gain. The rule is 30 days and no more.
Have a look at:
CG13370
Thank you. -
Re:CGT for property transfer under Financial Order after divorce
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Re:2022-23 refunds?
Hi,
To confirm the status and progress of your repayment, we would need to review your record.
Please contact us by webchat or phone via:
Self Assessment: general enquiries to allow us to view your statement and advise you.
Thank you. -
Re:Foreign Income/Pension
Hi,
You would need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at:
Contact HMRC
Thank you.