HMRC Admin 19 Response
-
RE: NMW
Hi,
Workers are entitled to be paid at least NMW for the hours worked in each pay reference period. You can find more information about the working hours for which the NMW must be paid here:
Working hours for which the minimum wage must be paid
If you would like further information regarding holiday entitlement or do not think that you have been paid the NMW please contact Acas:
Acas helpline
Thank you. -
RE: Stamp duty or LBTT payable when buying a second property abroad
-
RE: P11D form (Private Medical Insurance) provided by my employer.
Hi,
If you have received a P11D advising of private medical benefit then you would need to declare this on your Self Assessment tax return.
Thank you. -
RE: money from foreign country
Hi,
The gain would be reported in a Self Assessment tax return, in the foreign section.
Under the terms of Self Assessment, HMRC does not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate at the time of the gain, You would need to convert the gain to pounds sterling. HMRC does have a record of exchange rates HERE:
Exchange rates from HMRC in CSV and XML format.
You can use any of the rates it provides or you can use exchange rates from other sources, for example, the London stock exchange or those rates reported in newspapers.
Thank you. -
RE: QNUP status
Hi,
A traditional IRA is not recognised as a pension scheme in the UK, so it will not be recognised as a Qualifying Non UK Pension Scheme (QNUPS). It is treated as an investment scheme and taxed as interest in the UK.
You would need to conatct our Inheritance Tax team for confirmation of any exemption from Inheritance Tax.
Inheritance Tax: general enquiries
Thank you. -
RE: Lifetime election of UK domicile
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: VAT MTD - Finance System upgrade - Connection to MTD needs refreshing - UREGENT , deadline due
Hi,
If you are having issues with connecting up your software to your business tax account we would suggest that you firstly speak to the software provider to rule out any issues their end,
If the problem does not lie with the software then please contact our VAT team again to see if we can diagnose the issue for you.
VAT: general enquiries
Thank you. -
RE: DEREGISTER FOR VAT (hospitality industry) if due to cease trading in next 6 months
Hi,
The Flat Rate Scheme is the main scheme which is designed to help smaller businesses. You can see the requirements for being able to stay on the Flat Rate Scheme here:
Leaving the scheme
If you cease to trade or your tunover is forecasted to be below the deregistration threshold over the next 12 months then you can deregister from VAT. Please see the guidance here:
Compulsory VAT registration cancellation
If your business picks up then you can choose to register for VAT at any time. You can see the guidance here:
VAT: an introduction
Thank you.