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Where Taxpayers and Advisers Meet

Search found 149 matches

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by jason13
Tue Aug 13, 2019 11:02 pm
Forum: General
Topic: Income from cryptocurrency
Replies: 2
Views: 545

Re: Income from cryptocurrency

I am thinking of investing in Cryptocurrency trading in small amount and hoping to get some regular returns. I am unaware of if any taxation laws are there for it in mainland UK. People have different opinions on it. You may want to read this HMRC publication: https://www.gov.uk/government/publicat...
by jason13
Mon May 20, 2019 7:07 pm
Forum: International Tax
Topic: Investments: what is a remittance and/or UK source income?
Replies: 2
Views: 449

Investments: what is a remittance and/or UK source income?

What counts as a remittance for the remittance basis in terms of investment income? And how do you distinguish between foreign and UK investment income? Does it matter where my broker is located? Where the fund/shares are domiciled? Some examples: Broker in Germany, investment in an index fund domic...
by jason13
Tue Jan 15, 2019 7:36 pm
Forum: General
Topic: Private Message (PM)
Replies: 1
Views: 254

Re: Private Message (PM)

I am unable to send private messages. If I send a private message it only shows up in my OUTBOX but not under SENT MESSAGES even though I pressed SEND.
This means the recipient hasn't read your message.
by jason13
Mon Nov 12, 2018 1:25 pm
Forum: General
Topic: self employment registration & UTR
Replies: 6
Views: 847

Re: self employment registration & UTR

I currently have a matter working with HMRC internal policy challenging the legality of them doing this, but for the moment, that's how they are working,
Is more information about this available somewhere?
by jason13
Sun Oct 21, 2018 12:20 pm
Forum: Income Tax
Topic: Late self-employment registration; NIC and trading allowance
Replies: 1
Views: 284

Late self-employment registration; NIC and trading allowance

A friend of mine is a 19 year old student who started doing some tutorials to earn some money while at uni. She didn't register as self employed since her income is much less than the personal allowance. 1) She started giving tutorials in September 2017. I understand she should have registered as se...
by jason13
Tue May 22, 2018 9:08 pm
Forum: Income Tax
Topic: Relocating to UK, query regarding Income Tax and NI liabilities
Replies: 4
Views: 637

Re: Relocating to UK, query regarding Income Tax and NI liabilities

Just to add that you will get the full personal allowance even if you start working later in the tax year (e.g. August)
by jason13
Thu Apr 19, 2018 5:05 pm
Forum: International Tax
Topic: SIPP contributions and US tax
Replies: 0
Views: 934

SIPP contributions and US tax

This is more of a US tax question but I'm hoping David will see this post. ;) When you leave the UK, you can continue paying £2,880 into a pension for 5 years and you'll get £720 from HMRC. The question is whether this contribution to a UK SIPP decreases your taxable income in the US ("AGI"). Articl...
by jason13
Tue Apr 17, 2018 4:26 pm
Forum: General
Topic: How does SA software calculate tax
Replies: 3
Views: 2517

How does SA software calculate tax

How do the 3rd party SA software solutions (TaxCalc, ABC SA, etc) calculate tax liability? Do they have logic built into the system or do they query HMRC to get the tax calculations? I'm asking because I noticed that HMRC publishes an interface to get a tax calculation: https://github.com/hmrc/self-...
by jason13
Tue Apr 17, 2018 2:06 pm
Forum: International Tax
Topic: Non-resident dividends
Replies: 13
Views: 41423

Re: Non-resident dividends

The legislation says "includes a distribution of a company". How is that defined? Does that include dividends from UK-based OEICs and similar funds which are put in box 5 (other dividends) rather than box 4 (Dividends from UK companies)? Putting something in box 5 causes the "7.5% tax treated as pa...
by jason13
Tue Apr 17, 2018 2:01 pm
Forum: International Tax
Topic: Non-resident dividends
Replies: 13
Views: 41423

Re: Non-resident dividends

I missed the line saying "minus 7.5% tax treated as paid on dividends from UK companies (not repayable) £450.00" It seems SelfTax gets the calculation wrong though because it treats the non repayable amount as repayable. Actually, SelfTax seems to be right. I'm getting the same result with ABC SA. ...

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