HMRC Admin 32 Response
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RE: Pay tax on initial return of ammendment?
Hi,
If the amendment to your Self Assessment tax return has not yet been processed then you will need to contact HMRC to review.
Self Assessment: general enquiries
To avoid interest and late payment penalties if you make the payment for the amended balance once the amendment is processed your payment will match and any interest and penalty charged cancelled.
Thank you. -
RE: Tailor Error
Hi,
It could be an incorrect value you're inputting, or there may be information on your record that contradicts how you're trying to tailor your return. We should be able to confirm that for you, to allow you to go ahead and complete your return. If you contact our self assessment team, we can talk you through how to tailor your return.
Self Assessment: general enquiries
Thank you. -
RE: HICBC Repayment
Hi,
You can find further guidance here:
https://www.gov.uk/difficulties-paying-hmrc
Thank you. -
RE: Personal tax account credit
Hi,
Yes, any credit on your account will be allocated the balance becoming due 31 January.
Thank you. -
RE: Adjusted Net Income - P60
Hi,
It would be the pay figure before tax deducted.
Thank you. -
RE: IHT and Income Tax paid for a deceased person's estate
Hi,
Detailed guidance on how to proceed is provided at:
What to do when someone dies: step by step
Bereavement and deceased estate
Thank you. -
RE: Second automatic UK
Hi,
The term "had a home in the UK" includes your parent's home, as it is a place to live.
RDRM11330 - Residence: The SRT: Second automatic UK test
The guidance above advises "This test will be met if there is at least 1 period of 91 consecutive days (of which at least 30 must fall in the relevant tax year), when: the individual has a home in the UK and spends a sufficient amount of time in that home, and in addition, the individual has no overseas home, or has an overseas home or homes in each of which they are present, (for no matter how short a period), on fewer than 30 days in the tax year, (the permitted amount of time)."
Thank you. -
RE: Starting new business
Hi,
If you choose to register your business as a limited company, you will need to do so through Companies House, declaring your gross profits and expenses in a corporateion tax return and paying corporation tax on your business profits.
Set up a limited company: step by step
If you choose to be a sole trader, then you need to register for self assessment, as self employed, declaring your gross turnover and expenses in your personal Self Assessment Tax Return (SA100) and SA103 (self employment).
Set up as self-employed (a 'sole trader'): step by step
If your gross turnover is likley to exceed £85000, you will need to register for a VAT account at:
Register for VAT
Please also have a look at making tax digital, as whatever way you choose to run your business, this new guidance will be relevant.
Overview of Making Tax Digital
Thank you.