HMRC Admin 21 Response
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RE: Tax reclaim relating to income from discretionary trust
Hi Dave,
You cannot file online if you have trust income. You will need to file a paper return or buy 3rd party software.
Thank you. -
RE: Input VAT and invoices over 6 months old
Hi Robo Cod,
If you need to complete an error correction then please see the guidance below
For errors of a net value between £10,000 and £50,000 which exceed the limits described below, or errors which exceed £50,000 or for errors of any size.
You must use this method if the:
net value of errors found on previous returns is between £10,000 and £50,000 and exceeds 1% of the box 6 (net outputs) VAT Return declaration due for the current return period during which the error was discovered
So in your case if the £16K is less than 1% of the box 6 figure for the current period you are reporting the error in then you would report it on the VAT return and there would be no requirement to notify us using a VAT 652 form.
Please see the guidance below:
4. Correcting VAT errors on a return already submitted.
Thank you. -
RE: Limited company home office licence agreement + Director Self-Assessment
Hi nollaig1980,
You cannot claim for mortgage interest.
Please refer to the following guidance for further information -
EIM01476 - Employment Income;household expenses;how much can be reimbursed,
EIM32815 - Other expenses: home: household expenses: expenses that are deductible' and
EIM32820-Other expenses;home;household expenses;expenses that are not deductible', all available via:
GOV.UK The best place to find government services and information.
Thank you. -
RE: coming back to UK after temporary non residence
Hi James_1 Taxes,
You would need to consider your residence status for the tax year 2023 to 2024.
Please have a look at the guidance at RDR3 and apply the statutory residence test. (RDR3 Statutory Residence Test).
If you are not tax resident for the whole tax year and split year treatment applies, you would only declare the ETF relating to the period that you are resident in the UK.
Thank you. -
RE: Carrying forward CGT loss
Hi osti640,
If your overall Capital Gain is less than the Annual Exemption Amount then you do not need to report the Gain in your Self-Assessment (SA) Return - please see the following Guidance - https://www.gov.uk/capital-gains-tax and Capital Gains Tax: what you pay it on, rates and allowances.
Thank you -
RE: Charity donations Abroad
Hi osti640,
Tax Relief can be claimed through your Self-Assessment (SA) Tax Returns for the years 2022/2023 and 2023/2024.
If you do not complete SA Returns then you should write in with full details of your donations and any relief due will be processed through your PAYE tax record - the conditions that apply are as follows -
If an individual or corporate donor makes a donation to a non-UK charity after 15 March 2023, UK tax reliefs (such as Gift Aid) are only available if the charity has ‘asserted their UK charitable status’ previously with HMRC under transitional provisions which last until 5 April 2024 for individuals and 1 April 2024 for companies and charitable entities.
After April 2024, taxpayers will not be eligible for UK tax relief on donations to EU or EEA charities.
Thank you. -
RE: Self Assessment Registration and Exchange Rate
Hi Pamela,
The default method for calculating tax in the UK is the 'arising' method. Tax is payable on income or capital gains in the tax year it arises, whether from the UK or world-wide.
A self assessment tax return is required where there is foreign income. The exemption from small amounts of foreign income, described at point 9.12 is limited to £100 of foreign bank interest. (Guidance note for residence, domicile and the remittance basis: RDR1).
As you exceed this amount, you will need to declare the interest in a self assessment tax return. You can register for self assessment at:
Register for Self Assessment if you are not self-employed, either online or by printing and posting the form.
You can download the paper version of the tax return and supplementary pages at: Self Assessment tax return forms
If you choose to claim the remittance basis, this must be done on a tax return. Self assessment does not state which rate of conversion you must use. Self assessment advises that a just and reasonable exchange rate is used. For your convenience, you can use any of the rates provided by HMRC or for another source of your choosing.
Thank you. -
RE: How many weeks work for a full class 1 year?
Hi Spag Locks
Here is another link to the Voluntary National Insurance contributions information - Voluntary National Insurance: Overview - GOV.UK (www.gov.uk)
You will pay class one National Insurance on a weekly or monthly basis. If you earn less than the weekly/monthly Lower Earnings Limit (LEL), these earnings will not attract National Insurance contributions. If you earn above the LEL you will pay National Insurance contributions and these will count towards the tax year in which you pay them.
You would not know until the end of the tax year, whether you have paid enough to obtain a full qualifying year for pension and benefit purposes. If you don’t achieve a full year, you will have the option to pay voluntary National Insurance contributions at the class 3 rate (see the link above). You would only pay for the number of weeks required, whole years would only be required if you hadn’t earned above the LEL for any weeks/months within the tax year. Please note class 4 is different and relates to a self-employed person.
Thank you. -
RE: Clarification on the Personal Savings Allowance (PSA) under Remittance Basis
Hi Chris H,
Please refer to:
Residence, Domicile and Remittance Basis Manual RDRM32020 and,
Residence, Domicile and Remittance Basis Manual RDRM32040
Thank you.