Nazia Rafiq

Hi I am non UK domiciled individual. I got gain on the disposal of my foreign property which i have not remitted UK. Do I need to pay UK tax on foreign gain or any remittance bases charges I need to pay? If I need to pay tax, how much penalty % I need to pay?

Thank you for your reply. I have one more question kindly reply me. Do a UK company need to register for VAT if it buying and selling product outside the UK? The product is never be physically in UK at the time of sale.

Hi My friend is importing items from non EU country to UK and selling these items outside the UK. His annual turnover is more than £90,000. Do he need to register for VAT?

Hi My friend is the sole owner of two companies one of them is a holding company. The holding company doesn't charge VAT on the sale invoices when selling something to associated company but associated company charging VAT on sale invoices when it sells something to holding company (As per his accountant said and my friend is not satisfied with his reason). Kindly confirm me, is he doing right accounting treatment for VAT? The both companies are individually registered for VAT (not group VAT register).

Hi Is there any case when an associated company does not charge VAT on Selling something to other Associated company?

Hi I am operating a rent a car business and registered with flat rate vat. It will be my second VAT return and I bought cars for my business. My question is can I reclaim input VAT related to the car purchase as these are capital asset?

Hi I have 2 questions kindly answer me. When using margin scheme, would MOT and repair include as incidental expense directly linked to the sales? And if there is loss on sale of second hand car can I reclaim VAT or what will be the treatment?