HMRC Admin 17 Response
Joined: 1/20/2021
-
RE: Money transfer
Hi,
Please see guidances here :
Check if you need to pay tax when you sell cryptoassets
and :
Capital Gains Manual
to see if you need to pay tax on this .
Thank you. -
RE: Money transfer
Hi,
If this is classed as a redundancy payment then the first £30K would be tax free in the UK.
Guidance on taxable lump sum payments from employers can be found here.
If this is not a redundancy payment then it may be taxable in the UK.
See link:
Employment Income Manual .
Thank you. -
RE: Certificate of Residence for tax purposes
Hi,
The current timescale is 2 weeks for online requests, if you received the email confirmation of receipt and it's been longer than 2 weeks
I would contact our taxes department. See link:
Income Tax: general enquiries .
Thank you.
-
RE: Money transfer
Hi,
Employment income is taxable in the period in which it is paid so if this is paid when you are UK tax resident, then it will be taxable in the UK.
You can however also let us know of any tax paid by your oveseas employer and we will give credit for this so that you are not charged twice
on the same income.
Thank you. -
RE: Money transfer
Hi,
Bursaries, grants and scholarships are generally not taxable in the UK.
These would therefore not need to be reported.
The transfer of the funds would not need to be reported, however if any interest was
generated from tha bank account where the funds were held, these would need to be declared.
thank you. -
RE: Transfer of Swiss Pension
Hi,
To find out about tax implications on the tranfer of funds, you would need to speak to our pension schemes service team :
Pension schemes .
If you are withdrawing the lump sum as a UK resident, and not transferring to an existing pension then this would be taxable in
Switzerland based on the conditions in Art 18.2.
We cannot comment on the tax implications in 4 years time.
Thank you. -
RE: UK Tax on Australian Superannuation
Hi,
You may wish to speak to our Pension schene services reagrding this.
They can be contacted here:
Pension schemes .
Thank you. -
RE: Money transfer
Hi,
If there is no indication on the letter as to why you have been sent this then you may wish to contact the number at the top of the letter, which will be the Worldwide Disclosure team, to see why they are requesting a declaration.
You would not need to pay income tax on the transfer of money but you may need to pay tax on any taxable income accrued abroad,
such as capital gains or interest/dividends.
See link:
Offshore Disclosure Facility .
Thank you. -
RE: BNO
Hi,
As this forum is for tax purposes only, I can only suggest you either speak to your employer regarding pension schemes
or speak to out own pension scheme services for advice :
Pension schemes .
Alternatively you can ask our employers helpline :
Employers: general enquiries
who would also deal with the DPNI scheme .
Thank you.
-
RE: BNO
Hi,
You would need to speak to your HK employer to establish the options regarding pension.
In terms of paying your own tax and NI, please see guidance here :
PAYE20100 - Employer records: set up employer record: DPNI scheme - direct payment (tax and NIC) .
Thank you.