HMRC Admin 19 Response

Hi,

You are correct, losses can only be claimed up to 4 years after the end of the tax year they arise in. You can see guidance here:

SACM10030 - Unsuccessful Attempts to Make a Claim or Election: Late Claims - What is a Late Claim

Thank you.

Hi,

Self Assessment is used to declare your worldwide income, not just self employment. There are other supplementary pages to cover areas not included in the main tax return.

You pay Capital Gains Tax on the gain when you sell, or ‘dispose of’, most personal possessions worth £6,000 or more, apart from your car, unless you have used it for business. Possessions can be jewellery, paintings, antiques, coins and stamps and sets of things, such as matching vases or chessmen. These are just some examples.  

Using the proceeds to buy more assets, would only impact the gain, and, or loss arising from the disposal of those assets, when they are disposed of.  

HMRC cannot provide a definitive answer as, under Self Assessment, HMRC does not generally provide clearance on how individuals should declare their income or gains. It is instead the customer's responsibility to assess the available guidance and arrive at their own considered conclusions. 

Thank you.

Hi,

1. As no tax has been deducted on the income, you will just show this as self employment and you can then claim the trading allowance against this if applicable.  
2. No, your adjusted net income would still be over £50,000 based on those figures and the child Benefit charge would still apply. Your Personal Allowances are not included when working this figure out.

Thank you.
 

Hi,

You will need to contact our Stamp Duty Land Tax team for advice.

Stamp Duty Land Tax

Thank you.

Hi,

You would need to check that the £4400 is your contributions only, as employer contribtions do not attract further relief.

Thank you.

Hi,

If you make general rule supplies overseas then these would be classed as outside the scope of VAT and would not go towards your turnover for VAT registration purposes and so you could ignore the £1000 supply as regards your turnover. You can see guidance here:

The place of supply rules for services

Working out whether you need to register

Thank you.

Hi,

As you are not making a taxable supply in the UK then you would not need to raise a VAT invoice as the supply would be outside the scope of VAT. You can see guidance here:

VAT invoices

Thank you.

HI.

Please see the guidance provided earlier.

If you take sandwiches, or other items of food and drink, to buildings in order to sell them, but have no contract or agreement to do so, this is not a supply in the course of catering and you can zero rate any item that is eligible, read, Food products, VAT Notice 701/14, for further details.

However, if you are supplying the food or drink under a contract, for example to cater for an event, you are making a supply of catering and all your supplies will be standard-rated, unless the catering is supplied on-premises, in which case it will benefit from the temporary reduced rate.

If you make a charge for delivery you should read, Postage, delivery and direct marketing, VAT Notice 700/24.

Thank you

Hi,

If the conditions of an indirect export are made to an overseas customer then the sale should be at the zero rate of VAT. You can see the guidance which provides the conditions and the evidence you can accept here:

Conditions and time limits for zero rating

Proof of export

It would be recommended to take a deposit which covers the VAT amount in the event that the overseas person cannot provide the necessary evidence. The overseas person would not be able to use a VAT 65A for to recover this VAT.

Thank you.

Hi PeterVAT,

The Flat Rate Scheme Notice 733 outlines the the mechanics of the Flat Rate Scheme and provides a list of what to include in your Flat Rate turnover.

However the guidance below is specific to use of the Flat rate Scheme where an online marketplace is reponsible for accounting on the VAT for the goods:

The Flat Rate Scheme

If you sell goods as an overseas trader and the marketplace are responsible for accounting for the VAT then you will not include these sales as part of the Flat Rate Scheme calculations

The Flat Rate Scheme prevents you from being able to recover VAT as input tax on non capital expenditure goods so it is always recommended to perform calculations to help decide whether being on the Flat Rate Scheme benefits your business.

Thank you.