HMRC Admin 21 Response
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RE: Tax on dividing ownership
Hi,
That is correct.
Thank you. -
RE: Tax on sale of shares issued on demutualisation
Hi,
You will need to check the value at the date you acquired them by checking with the London Stock Exchange.
Thank you. -
RE: Self assessment student loan direct debit
Hi,
Change the answer to no.
Thank you. -
RE: Remitted foreign savings (arising basis)
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RE: Tax on ESOP (Employee Stock Option) foreign income
Hi Explorelife,
Please refer to: Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. -
RE: NT Tax code and RSU vest
Hi
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at: Contact HMRC.
Thank you. -
RE: Maximum Savings Interest before I need to pay tax
Hi thesellfamily,
If your untaxed savings interest does not exceed £10,000, then you do not need to complete a Self Assessment tax return to declare your untaxed interst. If your savings interest exceeds £500 (but remains under £10.000), any tax due will be automatically calculated and paid through PAYE.
Please see: Tax on savings interest.
Thank you. -
RE: Made a mistake with my tax residency on past self assessment, how do I correct the record?
Hi,
It is too late to amend your tax returns for 2021 to 2022 and earlier, so for those tax years you will need to write to: HMRC at:
H.M.Revenue and Customs Self Assessment
BX9 1AS,
to confirm that you are not UK resident for those years, but you are entitled to claim personal allowances (you will need to look at the guidance notes for supplementary page SA109, boxes 15 and 16 at:
Residence, remittance basis etc (Self Assessment SA109)
for the reasons that you continue to qualify for personal allowancs.
For tax years 2020 to 2023 onwards, you can download the relevant SA109 page and submit it to the address above. Going forward, you will either have to submit a SA return in its entirety on paper or by buying a commercial tax return that allows you to submit online.
You should note paper tax returns must be submitted by 31 October each year, to avoid late filing penalties and interest charges.
Thank you. -
RE: QROPS 5 Year Tax Rule
Hi Kevin,
Please have a look at the guidance at Transferring your pension and Overseas pensions: pension transfers.
Further guidance can be found at:
PTM112010 - International: qualifying recognised overseas pension schemes (QROPS): introduction.
Thank you.