Keung C

Hi HMRC staff, Thanks again for your information. And for my understanding, if my self-employed income is less than the £1000 Trading Allowance and not applicable for those 4 points from above. Then I needn't re-register online by filling the form CWF1. (because I have filed a tax online before) Am I correct? Many thanks for advise.

Hi HMRC staff, Thanks for your reply. And if I won't claim anything and do not plan to pay voluntary Class 2. Should I need to complete the CWF1 if I earn less than GBP 1000 with using Tax-free allowance? or just tell HMRC in my SA return 2022/23 in the additional part? Thanks for advise.

Hi HMRC staff, Thank you for your reply. And I have more question. Should I still need to complete CWF1 if I earn below GBP1000 with using tax-free trading allowance? Thank you.

Hi HMRC staff, Thanks for your information. And I would like to ask should I need to fill form CWF1 first when I started the business on August 2022, after that fill SA tax return 2022/23 (2 steps) or just tell HMRC I am self-employed through SA return at once in tax year 2022/23 before 5/10/2023 (one step)? Thanks for advise.

Hi, Thanks for your reply. After studied the guidelines, in my understanding, should I register sole trader through self-assessment before 5 October 2023 (i.e. between 5 April 2023 to 5 October 2023) if I set up my business on August 2022? Am I correct? Many thanks

Hi, I would like to ask if I buy goods (not excise goods and gift) worth less than £135 from overseas and already paid tax to that country when I purchased, then import those goods into UK by overseas shipping agency, should I need to pay VAT or delivery charge? Many thanks for advise.

Hi, I have finished my SA return on April 2022 of tax year 2021-2022. And I would like to start my new business in August 2022, should I register in sole trader through online (form CWF1) in August 2022(even I earn GBP 0 because I just start)? Or wait until next tax year 2022-2023 to tell HMRC which I am self-employed through SA return? For other question, if I earn less than GBP 1000, could I still register as a sole trader and pay voluntary NI class 2? Thanks for advise and many thanks for great help.

Hi, Many thanks for your reply. And sorry that I just confirm on it. In my understanding, I only declare and pay tax on "interest", no need to declare and no need to pay tax on "capital" in coming tax return (5 April 2022) even I bring/transfer all money (mixed fund including interest and capital) from IOM bank into UK bank this tax year 2021-2022? Am I correct? Thanks again for great help.

Thank you again for your information. Is it only declare "interest" and do not need to declare "capital" in tax return on 5 April 2022 even I transfer all money (including interest and capital) from IOM account into UK bank account in tax year 2021-2022? Thanks a lot.

Hi, I have question about declare income. Because my parents transfer money as a gift and I also received the refund from the company in Hong Kong send to my foreign bank account, should I need to declare as foreign income? And I have the Mandatory Provident Fund in Hong Kong but I can’t take any money from this account, therefore the money remains in Hong Kong. Do I need to declare in self-assessment return in terms of foreign income (Pension part)? Thanks for advise.