HMRC Admin 19 Response

Hi,

You can see guidance here:

Claim tax relief for your job expenses

Thank you.

Hi,

Please contact the Child Benefit team for advice:

Child Benefit: general enquiries

Thank you.

Hi,

Any amount of overseas interest must be declared in a Self Assessment tax return. The fact that the capital is affected by currency fluctuations is irrelevant. The interest is the amount of Turkish Lira paid on the capital in the account and when converted to pounds sterling, it should be declared in a tax return as foreign interest.  

The following guidance advises that as currency, other than pounds sterling, is considered an asset and its disposal can give rise to Capital Gains Tax or allowable losses. 

CG78300 - Foreign currency: introduction

Thank you.

Hi,

No, you declare the gross income and also the tax deducted.

Thank you.

Hi,

Cryptocurrency is declared under other property assets and gains.

Thank you.

Hi sluicw02,

It should bre put in column C.

Thank you.

Hi,

If the goods are over £135 then company B, being the importer of record will account for the import VAT. When the goods are sold then this will be a sale between company B and the end customer and so UK VAT will need to be charged.

For goods below £135 then the sale between company A and company B will be accounted for under the reverse charge procedure. You can see guidance here:

Goods that are outside the UK at the point of sale

Please see section 'Business to business sales to UK VAT-registered customers' in the link above.

There will then be a supply between company A and the end customer and VAT will need to be charged on this.

Thank you.

Hi,

After reviewing the above from our internal stakeholders, we would like to post a change from the original answer and is provided here:

For the workplace nursery Income Tax exemption at section 318 ITEPA 2003 to apply, the following conditions must be met:

• The child receiving the care must be a child or stepchild of the employee maintained at least partly at the employee’s expenses, live with the employee or be a child for whom the employee has parental responsibility. You can see guidance here: EIM22002 - Benefits: Exemptions: Workplace nurseries from 6 April 2005: Condition A
• The premises on which care is provided must not be used (wholly or mainly) as a private dwelling and any applicable registration requirement must be met. You can see the guidance here: EIM22003 - Benefits: Exemptions: Workplace nurseries from 6 April 2005: Condition B
• The premises on which the care is provided must be made available by the scheme employer alone or the partnership requirements must be met. You can see guidance here: EIM22004 - Benefits: Exemptions: Workplace nurseries from 6 April 2005: Condition C
• The scheme under which care is provided must be open to the scheme employer’s employees generally or, if the employer has premises at more than one location, the scheme must be open generally to employee’s at the particular location at which the scheme operates. You can see the guidance here: EIM22005 - Benefits: Exemptions: Workplace nurseries from 6 April 2005: Condition D

In order to meet the partnership requirements, the employer must be wholly or partly responsible for financing and managing the provision of the care. HMRC’s view on these tests can be seen here: EIM22007 - Benefits: Exemptions: Workplace nurseries from 6 April 2005: responsibility for financing and managing the provision of childcare

HMRC’s view on commercially marketed nursery schemes can be seen in the following guidance:

EIM21970 - Benefits: exemption for workplace nurseries: commercially marketed nursery schemes: background: how the schemes work: contents

EIM21971 - Benefits: exemption for workplace nurseries: commercially marketed nursery schemes: tax consequences

Thank you.