HMRC Admin 1 Response

For more information on claiming your Child Trust Fund please see this recent HMRC press release: 
671,000 young people urged to cash in their government savings pot - GOV.UK (www.gov.uk)

Hi Kasia,
I can confirm that the SA100 on GOV.UK is available to download.

Although the form can be downloaded, we ask customers to call our dedicated order line on 0300 200 3610 to request a copy so we can offer them extra support to file online if they are able to.

Customers who live abroad and who want to file their tax return online can use commercial software.

The paper filing deadline is 31 October 2024. Customers who file online have until 31 January 2025.

Thanks

Hi Robert

Your initial question does not make clear if the company has been trading, or if the CT return will merely be reporting NRCG (non-resident capital gains). For clarity, if it’s the latter, then the Accounting Period should only be one day, and given the rules over QIPs (Quarterly Instalment Payments) the CT due may be payable almost immediately. 

Thanks

Hi Philip

Please be aware that unincorporated associations are only required to file a Corporation Tax return if they anticipate that their liability will be 100 GBP or more. So, should they find that they require the UK equivalent of a TIN (this is a US term), then an option could be to register for a CT record and then report that they qualify for the filing exemption. 

Thanks

Hi Carrot Cake 
For clarity, you have clearly stated in your post that you are a limited company and that you went through the ‘registration’ process when starting up. This would have included signing up for Corporation Tax as a service on your Business Tax Account, and therefore you would have been issued with a Unique Taxpayer Reference (UTR).
If this is the case and your company has never traded then you should fill out the form on Tell HMRC your company is dormant for Corporation Tax; as taking no action may result in HMRC issuing an Objection to Strike-off.
Thanks
 

Hi ALT 
You are not required to declare the gift from your parents. If the gift generates interest of dividends after you receive it then these will potentially be subject to tax. 
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thanks

Hi Alice 
Yes, it does still count as a cash gift if the funds are sent via cheque or online transfer like PayPal There is no limit on how large the cash gift can be. 
Thanks