HMRC Admin 32 Response

Hi,

Please refer to guidance notes at:

Residence, remittance basis etc notes

Thank you.

Hi,

No, the 60 day rule is for UK residential property only. Other gains can be in your tax return for 2023 to 2024.

Thank you.

Hi,

If a repayment has been selected for additional security checks we aim to complete them within 6 weeks if possible, they can take longer at peak times of the year. If we require any further information you will receive a letter.

Thank you.

Hi,

There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax.  

Further guidance can be found here.

Tax on savings interest

Tax on dividends

Thank you.

Hi,

Unfortunately without knowing which area of business you have registered as an agent, we cannot provide any comprehensive advice .

We suggest contacting the area of business you have registered with directly, and ask for an update on the progress of your application.

Contact HMRC

Thank you.

Hi,

When considering when you need to register you need to base the figures on the tax point for the supplies you are making.

The basic tax point is when a supply is made to a customer.

This can be overridden by the actual tax point where a payment is received before a supply is made.

However the basic tax point can not be overidden where a payment is received after the supply is made.

Please see the guidance below:

Time of supply (tax point) rules

Thank you.

Hi,

If an overseas business is registered for VAT in the UK then it would need to charge UK VAT on any supplies of goods where the Place of Supply of those goods is deemed to be in the UK.

Thank you.

Hi,

The guidance states:

Normally if any of the services in a supply are subject to the reverse charge, all other services supplied will be also. If the reverse charge part of the supply is 5% or less of the whole supply value this can be disregarded (this is referred to as the ‘5% disregard’). Normal VAT rules will apply if the customer makes an end user or intermediary supplier notification.

The 5% disregard applies wherever there is a single supply of construction services and only one minor element of the supply would fall under the reverse charge such as in ‘supply and fix works’.

Supply and fix works will normally be subject to the reverse charge because the services and goods are part of one supply of construction services for VAT purposes. However, if the value of the service element is 5% or less, the 5% disregard can apply and VAT can therefore be accounted for under normal rules. For example, a joiner constructing a staircase offsite, then installing it onsite, will be making a reverse charge service unless the value of the charge for installation is 5% or less of the overall charge.

Thank you.

Hi,

If the goods are never in the UK then these supplies would be Outside the Scope of VAT and so no UK VAT would be applicable.
However there could be a requirement to register in the EU member state where the goods are supplied from and so I would contact the relevant member state

Thank you.

Hi,

If you have incurred VAT before VAT registration then you can look at recovering this as input tax as long as it meets the criteria below:

Input tax when VAT paid on goods and services received before VAT registration

You would claim this back on your first VAT return in the same way that you would recover any VAT incurred after your VAT registration date ie box 4 and 7 of your VAT return.

Thank you.