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  • Re: Money transfer

    Hi Solo,

    If this is similar to a gift, there are no income tax implications for you, there may be some for your mother if she receives interest.

    You may wish  to check the tax rules with the tax authoriites in Sweden. 

    Thank you.
  • Re: calculating state pension entitled to receive during tax year

    Hi Dusty None,

    Enter the amount of state pension that you received for the tax year. If you can, use the 'About the general increases in benefits' letter that the Pension Service sent you before the start of the 2020 to 2021 financial year.

    If you do not have the appropriate letter you can contact the Pension Service by telephone: 0345 606 0265 or textphone: 0345 606 0285 and ask for a BR735 'Statement of Pension' form for the period 6 April 2020 to 5 April 202.

    Thank you.
                                                                               
  • Re: UK Belgium Tax treaty

    Hi GwenShack,

    If your pension started prior to 1 January 2013 then is will be subject to UK tax only.

    If your pension began on or after this date, then it will be subject to Belgian tax only.

    Thank you. 
  • Re: VAT question - N.I company via France

    Hi,

    To be within the UK VAT system a supply must be made in the UK. Supplies made outside the UK are outside the scope of UK VAT. There are separate rules for working out the place of supply for goods and services. These can be found in sections 4.8.2 and 4.8.3 of VAT Notice 700:

    VAT guide (VAT Notice 700)

    It is important to note where supplies take place in the UK, the supplier may be liable to register here and account for VAT on the supplies. No UK VAT would be chargeable on supplies that take place outside the UK.

    Thank you.
  • Re: UK Tax on Australian Superannuation

    Hi R C,

    Suparannuations are classed as pensions for UK purposes and would therefore be taxed as such.

    If the tax amount of 65% is based on a visa then you may wish to speak to the home office regarding this.

    In terms of how the funds are paid you would need to speak to the fund holders.

    Our pension scheme services also deal with pension administrations so they  may be able to help further:
    Pension schemes 

    Thank you.
  • Re: UK Tax on Australian Superannuation

    Hi JJMurph,

    Superannuations are treated as pension income. If you are a UK tax resident then this will need to be reported through a Self Assessment tax return. You can also show the tax paid on this and we then give foreign tax credit releif so that you are not taxed twice on the same income. 

    Thank you.
  • Re: DDP excluding import VAT

    Hi,

    Import VAT can be reclaimed as input tax subject to normal rules. You can usually reclaim the VAT paid on goods and services purchased for use in your business. If a purchase is also for personal or private use, you can only reclaim the business proportion of the VAT.

    Please refer to sections 10 to 13 of VAT Notice 700 ‘VAT guide’ for further information’:
    VAT guide (VAT Notice 700)

    Please also refer to Revenue and Customs Brief 15 (2020) ‘VAT – Conclusion of review of Import VAT deducted as input tax by non-owners’ for guidance on the correct treatment of import VAT paid by a taxable person who is not the owner of the relevant goods:
    Revenue and Customs Brief 15 (2020): VAT – Conclusion of review of Import VAT deducted as input tax by non-owners

    If the goods are located in the UK when supplied to your customer then you may need to register and account for VAT on the sale. Please refer to VAT Notice 700/1 ‘Who should register for VAT’ for further information:
    Who should register for VAT (VAT Notice 700/1)

    In particular, section 9 covers non-established taxable persons (NETP), which is any person who is not normally resident in the UK, does not have a UK establishment and, in the case of a company, is not incorporated in the UK. Paragraph 9.3 states that if you are an NETP and make any taxable supplies in the UK, you must register for VAT in the UK and account for UK VAT to HMRC.

    Thank you.
     
  • Re: Cryptoassets stable coins TGBP

    Hi,

    This is an area which is currently under discussion, further guidance will be in due course.

    In the meantime please see cryptocurrency guidance here
    Cryptoassets Manual

    Thank you.
  • Re: HMRC cheque for tax refund

    Hi,

    That is the correct address.

    Thank you.
  • Re: BNO

    Hi,

    We need to look at the Double Taxation agreement with each country separately. UK/Singapore agreement - please see article 18 which states that the pension is taxable in the country the recipient is resident.

    UK/Singapore Double Taxation Agreement 

    Thank you.