HMRC Admin 19 Response

Hi,

You will declare this as self employment and it will all be under the one name, normally your own, unless you had more than one business.

Thank you.

Hi,

You can see guidance here:

Tax on your private pension contributions

If she has in fact had too much relief, she will need to write in with details to the following address:

HMRC,
PAYE & Self Assessment.
BX9 1AS

Thank you.

Hi,

You would show the total payment received as income and then claim the cost of the meal as an expense.

Thank you.

Hi,

Items that are mechanical in nature, such as clocks and watches and are over 50 years old can be exempt from capital gains, as a waasting asset. A chargeable gain will only rise when the asset is used for business purposes and capital allowances were or could be claimed. You can see guidance here:   

CG76904 - Wasting assets: clocks and watches

Thank you.

Hi,

All you are doing is providing supporting evidence for the figures declared in the tax return. What that looks like is up to you, so there is no right or wrong way of doing this.

Thank you.

Hi,

The disposal of personal possessions, falls under the rules for Capital Gains Tax. In a tax year where the value of your disposals, minus acquisition and disposal costs, is greater than the annual exempt allowance of £6000 in the tax year 2023 to 2024, Capital Gains Tax is payable. You can see guidance regarding chattles and sets of assets here:

CG76631 - Chattels: sets of assets: special rules

Capital Gains Tax on personal possessions

The selling platform will be required to report the disposal to HMRC, when a certain number of disposal have occured.  

The rules for disposing of personal possessions, will remain unchanged and gains will be subject to Capital Gains Tax rules. Where you acquire assets to intentionally send on, then this is not personal possessions, but trading and should be declared as self employment/sole trader to HMRC.  

You can see more infoirmation about collections here: 

CG76870 - Chattels: particular assets which are chattels

Thank you.

Hi,

You will need to undertake the statutory residence test in the link below to confirm your residence status.  

You will either be consiered tax resident for the whole UK tax year or not tax resident for the whole UK tax year. You may also need to check if split year treatment applies in the 2023 to 2024 tax year. The outcome of these tests will determine what will happen from February 2024 to April 2024 and whether a tax return is required. The tests can be found here: 

RDR3 Statutory Residence Test

Thank you.

Hi,

You should enter each country's dividend and tax deductions separately on the tax return. You can combine multiple entries for the same country together under one total dividend figure and one total tax deduction or one total whitholding tax deduction.

Thank you.
 

Hi Lottie93,

The 3 months applies to the filing of the tax return and if filed within that time then no penalties would be charged.

The due date for payment of any tax due remains at 31 January 2024.

Thank  you. 

Hi,

It will still be the same, you may just need to update the business address.

Thank you.