HMRC Admin 25 Response

Hi stringy,
The trading income allowance can only be claimed instead of claiming expenses.
If you have combined your craft business profit with that of another business, you can only claim expenses or the trading income allowance, not both.
Thank you, 

Hi MalcUnited 2204,
In general, interest arising in the UK and paid to a resident of Canada, is taxable in Canada.
However, the double taxation agreement also gives the UK tax ation rights, depending on the circumstances.
Please have a look at article 11 to help you reach a decision.
CONVENTION BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF CANADA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND CAPITAL GAINS
Thank you.

Hi stringy,
It is one trading allowance of £1000 only no matter how many self employments you have.
Further guidance is here:
Tax-free allowances on property and trading income
Thank you. 

Hi Mikel Stareyshinski,
You need to declare the income yourself.
Thank you. 

Hi sirdmark2014,
Sorry, but due to backlogs you are looking at January 2024 for a reply.
You can however chase this up by phoning us on 0300 200 3300.
Thank you 

Hi CATHERINE DOHERTY,
Thank you for getting in touch!
If you’ve requested that Legal Ventures Limited, or any other 3rd party agent, act on your behalf in claiming a repayment, we’re obliged to send that repayment directly to them after it’s calculated.
If they haven’t now sent that repayment to you, you’ll need to contact Legal Venture Limited directly to confirm when they’ll be sending you your repayment.
Thank you. 
 

Hi Fozboy,
If the tax year was initially reviewed and an underpayment was calculated and if the tax year was reviewed again as the underpayment already calculated it would then show correct tax paid as the underpayment already calculated. 
Thank you. 

Hi hkuk2023,
Where your investment interest or dividends exceeds £10000, a tax return is required.
The best way to ensure that a tax return is not required is to use the tax return checker.
It will confirm whether you need to complete a tax return or not.
Check if you need to send a Self Assessment tax return
Thank you. 

Hi Alex Barnet,
If all the information has been provided correctly on the form, the code NT will be issued when the form is processed.
This will be issued to you and your employer.
Thank you. 

Hi UK1234,
You may also be liable on the actual capital depending in your tax status.
Please refer to:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.