HMRC Admin 19 Response
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RE: Filing deadline today but haven't received Corporation Tax activation code & no helpline
Hi,
You will need to contact our Corporation Tax team to request a filing extension.
Corporation Tax: general enquiries
With regard to the online access you will need to contact our online support team.
Technical support with HMRC online services
Thank you. -
RE: Crypto Mining business
Hi,
You can see guidance here:
Check if you need to pay tax when you sell cryptoassets
Cryptoassets Manual
You should also consider seeking professional tax advice.
Thank you. -
RE: Ltd Co Strike off
Hi,
We cannot accept the DS01 by email. You would need to send this, together with a letter detailing and demonstrating that the compnay has never traded, to the following addres:
CT services
HMRC
BX9 1AX
Thank you. -
RE: CT600 submitted by accountant but not updated tax since Dec 2023
Hi,
If any adjustments are required they will be actioned and the date the letter was received would be the pertitent date used.
Thank you. -
RE: CT600 and S455 not updated since december
Hi,
As we would need to access your records, you will need to contact our Corporation Tax team telephone or by post. Any post should clearly have the UTR at the beginning of the letter.
Corporation Tax: general enquiries
Thank you. -
RE: Is savings interest from a Cash ISA of a child aged 17 (money gifted from parent) taxable?
Hi,
No, you do not need to report this interest. You can see guidance here:
Individual Savings Accounts (ISAs)
Thank you. -
RE: Joint savings account split & tax calculations
Hi sanick13
If you have a joint account, interest will be split equally between the account holders. You can see the guidance here:
Tax on savings interest
Thank you. -
RE: Rental expenses v capital expenses
Hi,
You may incur expenses for the purposes of a rental business before that business starts. If this occurs, you may be able to claim a deduction once the letting begins. In order to be allowable, the expenditure must be incurred wholly and exclusively for the purposes of the rental business and not of a capital nature. You can see the guidance here:
PIM2505 - Beginning and end of a rental business: commencement
PIM2030 - Deductions: repairs: is it capital?
Depending on the type of expense incurred, these may not be allowable, however, when sold you may be able to offset these against any capital gains liability.
Thank you. -
RE: Sole Trader who also rents out her home
Hi,
As you already have a Self Assessment record and complete tax returns, we would advise that if the Self Assessment criteria is met for renting out your home, as in a net rental income of £2,500 or more, then you would opt in to complete the SA105 UK property supplementary page when completing the relevant tax return.
If your net rental income figures falls below the £2,500 threshold, then we would suggest contacting HMRC who would then deal with this through PAYE.
Thank you.