HMRC Admin 19 Response

Hi,

If you sub let commercial property then this would normally be an exempt supply for VAT purposes.

If you want to be able to charge VAT then you would have to submit an option to tax for a specific property.

If you take out a lease on a new property and the landlord has taken out an option to tax then you would need to submit an option to tax if you want to be able to reclaim the VAT which the landlord has charged you. This would then require you to charge VAT on the rent to your tenants

Please see the guide below:

The scope of an option to tax

Thank you.

Hi,

Businesses can only claim import VAT as input tax if the business is the importer of record and received a C79 as evidence to claim this back. A UK business cannot claim back Belgian VAT with a C79.

If the Belgian VAT has been correctly charged then there would be a procedure to claim this VAT back from the EU member state.

Please see the guidance below:

How to claim a refund of VAT paid in an EU member state

Thank you.

Hi,

If the scenarios are not met in the following guidance then it would be a UK sale and so would attract the VAT specific to the products you are selling:

Zero rating goods and services bought with charitable or donated funds

The other relief would be if you are exporting those goods overseas.

Please see the guidance below:

Conditions and time limits for zero rating

Thank you.

Hi,

Unfortunately we cannot provide a definitive answer on this forum.

Please see the guidance below:

Find out about the Non-Statutory Clearance Service

Thank you.

Hi,

If you supply services under the general rule to overseas companies then these would be classed as outside the scope of VAT. However, the supply would still be reflected on your UK VAT return as a net supply in box 6.

You can see guidance below, specifically section 3.7

How to fill in each box on your return

If you sell goods within other countries and these goods are not in the UK at any time then these are outside the scope of VAT and would not appear on the UK VAT return.

Thank you.

Hi,

The gain from the policy will be added to your other income and taxed accordingly.  

Income Tax is charged at the rates of 20%, 40% and 45%, so the rate of tax will depend on your income level. Foreign chargeable event gains do not get basic rate tax treated as paid on them.  

You may also reduce the chargeable gain for periods where you were non resident. For future reference you might want to consider the guidance here:

IPTM3700 - Foreign policies: differences in treatment

IPTM3730 - Foreign policies: reduction for non-UK policyholder

Thank you.

Hi,

Without knowing exactly what the investment is, it is difficult to say but it sounds like you would still be within the chargeable events regime if you still has the same policy with, perhaps underlying investments within it. You would need to consider if anything you do, changes the policy or creates a chargeable event. You can see guidance on chargeable event gains here:

HS321 Gains on foreign life insurance policies (2023)

IPTM3400 - When events occur: general

Your insurance company would be able to confirm if this is the case so you should check with them. If not then you would consider it when the policy matures. You would get a chargeable event certificate in any event. 

Thank you

Hi,

As a UK resident with foreign capital gains, you should register for Self Assessment and report any capital gains that arise. You can see guidance here:                    

Tax on foreign income

Thank you.

Hi,

If your gross trading income for those two months is above £1,000 you will be required to file the return. if it is less then you can request removal from Self Assessment.

Thank you. 

Hi,

Only contributions to your own SIPP would count.

Thank you.