HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Overseas Remote employee for a UK based employer
Hi,
Given the circumstances you have outlined, please complete form P85 to enable HMRC to decide if an NT tax code is appropriate.
As regards the NIC position, please refer to the guidance below:
Employees working abroad and :
Get your Income Tax right if you're leaving the UK .
Thank you. -
RE: Money transfer
Hi
Nabil,
If you receive an inheritance from an estate that includes foreign assets, or if the deceased lived abroad, there may be UK Inheritance Tax consequences.
Please refer to the guide below for a detailed Inheritance Tax overview:
How Inheritance Tax works: thresholds, rules and allowances .
Thank you. -
RE: Money transfer
Hi
Dear Guner, I can confirm that the movement of money from an overseas bank account to a UK bank account is a non-taxable transaction.
Thank you. -
RE: UK Tax on Australian Superannuation
Hi,
If the individuals now have ownership of the pension as a lump sum or an ongoing monthly payment for e.g. then we would expect
this to be declared as being in receipt from an overseas pension, which should be declared on a Self Assessment tax Return under the Foreign section.
Thank you. -
RE: Certificate of Residence for tax purposes
Hi,
HMRC are encoutering a large amount of email requests for Certificate of Residence letters and there is a backlog.
I would suggest re submiting your request by choosing our 'Online' option as oppose to 'Email'.
The online requests have an approximate 5 day turnaround.
See link:
How to apply for a certificate of residence to claim tax relief abroad .
Thank you. -
RE: Cash gift from parents outside UK
Hi,
There are no income tax implications on the gifts of money unless the money accrues interest in a bank account,
at which point the interest would potentially be subject to tax.
Thank you. -
RE: Money transfer
Hi,
There are no income tax purposes on a gift of money unless the money generates interest in a bank account in which case
the interest needs to be reported for income tax purposes in the year in which the interest accrued.
You may wish to check with inheritance tax however for any inheritance tax implications :
How Inheritance Tax works: thresholds, rules and allowances .
They can be contacted here :
Inheritance Tax: general enquiries .
Thank you. -
RE: Cash gift from parents outside UK
Hi,
You would not need to declare the income, you would only need to declare any income that arises from this, such as any bank interest.
Thank you. -
RE: Tax refund to Agen
Hi,
If you are unaware of signing any documents, if you contact our income tax department we can issue a copy of the document we received :
Income Tax: general enquiries .
Thank you. -
RE: BNO
Hi,
There are no income tax implications on the gifting of money unless this generates interest in a bank in
which case the interest would be subject to income tax.
Thank you.