HMRC Admin 19 Response
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RE: Check how to get your import VAT certificate (C79)
Hi,
We would recommend contacting the shipping agent to confirm how they have processed your imports, that is, have they used postponed VAT accounting or not. If they have used postponed VAT accounting then the PVA statement should be visible within your CDS account as below:
Get your postponed import VAT statement
However, if the shipping agent has not used postponed VAT accounting then the digital C79 should be be available as below:
Check how to get your import VAT certificate (C79)
Thank you. -
RE: Can send SA109 paper together with online submission for self assessment Foreign income?
Hi,
The whole return must be submitted together. If you want to submit it online you will need to buy third party software. The deadline for paper returns for 2022/23 is 31 October 2023 and not 31 January 2024. This has been set by legislation.
Thank you. -
RE: Enquiry SDLT Return Form
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RE: "Sufficient ties" question - does a small sailboat count as "acccommodation"?
Hi,
Yes it would, a home can be a building, or part of a building, a vehicle, vessel or structure of any kind which is used as a home by an individual. It will be somewhere which an individual uses with a sufficient degree of permanence or stability to count as a home.
Thank you. -
RE: Cash ISA account opening
Hi,
If a 14 day cooling off period applies to this account and you change your mind within 14 days of opening the account, you may close it without being charged and the account will not be considered part of your ISA tax allowance for that tax year. That will allow you to open another one.
The interest you received no longer falls under ISA interest and would count as part of your Personal Savings Allowance.
Thank you. -
RE: Self employed and retired at the same time - queries
Hi,
You will need to complete a tax return up to the tax year that you finish self employment, if this is the only reason you complete a return.
Any pension you take will automatically be taxed, after any tax free lump sum.
Any losses you have from self employment and the set off against other income, depends on whether you are cash basis or traditional accounting. You can see guidance here:
HS227 Losses (2023)
Thank you. -
RE: Opened two of the same ISA's but only paid into one
Hi,
You will need to close one of them and HMRC will then contact you in due course.
Thank you. -
RE: Capital gains relief for beneficiary
Hi,
As a UK residential property, you do not need to report the sale if no tax is due. You can see guidance here:
Tax when you sell your home
Thank you. -
RE: IRA tax treatment
Hi Stephanie Thomas,
You will not declare the inheritance and any tax due is only on the interest that is received from the IRA, this is declared as foreign interest.
You may wish to contact a financial adviser regarding your options.
Thank you.