HMRC Admin 19 Response

Hi,

1. That is correct.  
2. You will need to use the working sheets that are inlcuded on the HS305 that you referred to in your original query.

Thank you.

Hi,

You do not use the 60 day form as this is for residential property only, hence the higher rates. You can use the real time system or a tax return. You can see guidance here:

Report and pay your Capital Gains Tax

Thank you.

Hi,

There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. You can see further guidance here:

Tax on savings interest

Tax on dividends

You do not need to inform HMRC but you may want to advise your bank regarding the gift.

No relief is due on paying the money back

Thank you.

Hi,

No, there are no tax implications from the exchange of currency for an individual, unless you are doing this as a trade, in which case you would be deemed as self employed and the gains treated a profits of self employment and subject to Income Tax.

Thank you.
 

Hi,

You would need to transfer them before selling in order for both of you to benefit from the annual exempt capital gains allowance. You can see guidance here:

Tax when you sell shares

Thank you.

 

Hi,

You can see guidance here:

HS284 Shares and Capital Gains Tax (2023)

Thank you.

Hi,

We apologise that you have been unable to get this resolved over the phone.  

If you have received two VAT numbers for the same business please email, vrs.newregistrations@hmrc.gov.uk

Thank you.

Hi,

As the goods are being bought and sold in China this transaction is outside the scope of UK VAT. There will be no VAT to account for on the invoice.

Thank you.

Hi,

if you are a UK based company then the income that is outside the scope of UK VAT would not count towards your threshold for registering.  

If you are a Non UK company there is no threshold and you would need to register regardless of your turnover. You can see guidance here:

Non-established-taxable-persons (NETPs) — basic information

Thank you.

Hi,

You can see information at section 2.3 of the following guidance:  

Installations of energy-saving materials

As long as you meet the conditions in this notice the supply will be zero rated for goods and services.

Thank you.