HMRC Admin 32
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RE: VAT Notice 708/6 - Does zero rate apply to flats owned by ltd co?
Hi,
Yes. Companies can benefit from the scheme if they own a residential property and energy saving materials are installed.
Thank you. -
RE: Flat Rate Scheme eligibility for NETP
Hi,
It is important to establish the status of your business in terms of whether it is a UK Established business or a NETP.
Please see the guidance below:
Non-established-taxable-persons (NETPs) — basic information
If you are a NETP and the goods are stored in the UK then Amazon should account for the VAT on the supplies to your non business customers.
Please see below:
Goods in the UK at the point of sale — sold by an overseas seller through an online marketplace
You can be eligible to use the Flat Rte Scheme if you are a NETP but bear in mind that you will npt be able to recover VAT on your imports in to the UK unless these are capital expenditure goods and therefore you would need to consider whether it would be beneficial to join the scheme.
Please see the information below:
Eligibility and conditions of the scheme
Capital expenditure goods
Thank you. -
RE: Returning repaired item to UK customer
Hi,
Please speak to our International Trade Team on the following link:
Imports and exports: general enquiries
Thank you. -
RE: Irish owned machine sent to UK for service (vat on parts or not?)
Hi,
Please see section 3.6 of the the guidance below:
VAT on goods exported from the UK (VAT Notice 703): Conditions and time limits for zero rating
Thank you. -
RE: Deed nullity and CGT
Hi,
Further to our previous answer, the costs incurred are dependant on any beneficial ownership to then be claimable as a capital loss.
Thank you. -
RE: Report on Capital Loss for future use
Hi,
Gains and losses should be reported as in year losses will be used first even if it means you lose out on the anual exempt amount. further guidance on completing the page is at
Capital Gains Summary notes
This will be updated after 06 April 2024 to reflect the 2023 to 2024 tax year.
Thank you. -
RE: Tax status of BNO Visa Holder
Hi,
HMRC cannot comment on future events as legislation and/or plans may change. The position on your residence is also for you to determine based on the guidance available, please refer to below for current guidance.
RDRM12000 - Residence: The SRT: Split year treatment
Thank you. -
RE: Deeply Discounted Securities Income Gains
Hi,
If you invest in deeply discounted securities, put the difference between what you paid for the bond and what you redeem or sell it for in box 3 of SA101 (page Ai1).
Thank you. -
RE: Capital Gains Tax- transferring shares to an isa
Hi,
This cannot be confirmed on the forum, you will need to write in with the details.
HMRC, PAYE & Self Assessment
BX9 1AS
Thank you.