HMRC Admin 21 Response
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RE: De-registering for self-assessment
Hi Chrono73,
You will need to wait until after April 2025 as you need to submit a tax return to show the income received in the tax year.
Thank you. -
RE: Double Taxation Agreement (UK-Ireland)
Hi Filbert79,
You can buy an annuity with some or all of your pension pot. It pays income either for life or for an agreed number of years. Article 17 refers to pensions and other similar remunerations. The term pension will mean all private, non government pensions, whether occupational or not. Similary remiunerations includes annuities.
Thank you. -
RE: QROPS withdrawal in Switzerland
Hi Vincent,
The treaty would be between Malta and Switerland and there is no UK involvement in this.
Thank you. -
RE: My employer keeps sending in incorrect information to HMRC
Hi sevif,
We may be able to amend your code to repay you tax overpaid so far.
To allow us to do this, and potentially advise you further on your issue with your employer, we would need to access your record - contact us by webchat or phone via Self Assessment: general enquiries.
Thank you. -
RE; Exchange rate on foreign transactions
Hi piemmepi,
In response to your question- it is option 1.
Thank you. -
RE: CGT due on house gifted 11 years ago and is not main residence
Hi PhilipL22 L,
Please refer to the following Guidance -
Tax when you sell property and Tax when you sell your home.
Thank you. -
RE: Question about Savings interest
Hi BlueBerry14,
Your banks and building societies will contact us at the end of the tax year to inform us of any savings interest you received. If any tax is due on this figure of interest, we will contact you detailing options on how to pay this. This figure of interest is also used to predict the savings interest you will receive in the following tax year, which is then applied to your tax code.
You can read more here - Tax on savings interest.
Thank you.
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RE: Voluntary severance payment into AVC
Hi PeeBee,
You only need to report anything if you have a charge to pay. You should keep the records for yourself based on guidance at HS345 Pension savings — tax charges (2024).
Thank you. -
RE: Accidental ISA Exceed - next steps?
Hi johnny johnny,
No, we have a specific team that deal with your type of situation and they will contact you in due course regarding any further action to take.
Thank you.
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RE: Tax on interest income & dividend
Hi chiyu,
In order to give you the best advice here, we may need to confirm some elements of your query. To allow us to do this, contact us by webchat or phone via Income Tax: general enquiries.
Thank you.