HMRC Admin 19 Response
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RE: Declaration of trust - Rental income
Hi,
You need to inform us of any differing beneficial split through our Form 17 in the guidance in the following link:
Declare beneficial interests in joint property and income
For further information please see below:
Work out your rental income when you let property
Thank you. -
RE: Clarification on Deductibility of Product Fees for Buy-to-Let Mortgage Renewals
Hi,
You can see guidance here:
Tax relief for residential landlords: how it's worked out
Work out your rental income when you let property
Thank you. -
RE: Tax on rental income
Hi Wojciech,
We cannot offer financial planning advice and would not be able to confirm your calculations on this forum. For help with this please use the link below to guidance on our webite:
Rental income
Thank you. -
RE: Deed of assignment
Hi,
You are correct in your thinking but if you seek clarification you can find more on how to report it here:
Declare beneficial interests in joint property and income
Thank you. -
RE: Late registration and flat rate
Hi,
That decision would be made by the flat rate scheme team and so apply for the scheme and they will be in contact with you. Please see below regarding how to apply for the flat rate scheme:
Eligibility and conditions of the scheme
Thank you.
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RE: Confirmation of VAT on Barn Conversion
Hi,
You can see guidance here;
Reduced rating the conversion of premises to a different residential use
The builder would require any reliable evidence to show that this is a qualifying conversion.
Thank you.
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RE: VAT relief on house restoration
Hi,
If you are renovating a property which has not been lived in for 10 or more years then you can complete a DIY application to recover VAT which you have been charged. You can see the guidance here:
Claim a VAT refund for a conversion if you're a DIY housebuilder
It is important that the builders completing the work charge you the correct level of VAT as the DIY Team will only repay the VAT which has been charged correctly. Please see the guidance below:
Reduced rating the renovation or alteration of empty residential premises
If a company just supply you with materials then they will need to charge you VAT at 20% and you can then use the above form to recover the 20% VAT.
If a contractor is providing work for you then they would need to charge you at the 5% rate of VAT based on the evidence which you can show them regarding the property being empty.
You will then use the above form to recover the 5% VAT charged.
Thank you. -
RE: different Address in VAT Registration and company registration
Hi,
It is important to establish with HMRC whether your company has its principal place of business in the UK or outside the UK. If you have either your business establishemt in the UK or a fixed establishement in the UK then you will be a UK established business. If you have neither of these then you will be classed as a non established taxable business. Please see the guidance below, specifically section 3.3 and section 3.4:
Place of supply of services (VAT Notice 741A)
Please also see the following guidance:
Non-established taxable persons — basic information
If you have an Indian address as your principal place of business and this should be a UK address then please request this change through your businesst tax account by following these steps:
Sign in to your online account
Go to the Making Tax Digital for VAT area of your account then select ‘View Your Vat Account’
Go to 'Manage your VAT' area of your account then select 'Your Business Details'
Thank you.
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RE: Reduced VAT empty property. Supplier not invoicing correctly
Hi,
If you are working on an empty property which has not been lived in for more than 2 or more years, then the majority of the work will be at the reduced rate of VAT.
However the reduced rate only applies to the sale of materials if they are installed by the supplier. The supply of materials on their own are always 20%.
The VAT would not be able to be claimed from HMRC.
This however, would be possible if the property has been empty for more than 10 years and you submit a DIY claim. You can see the guidance below:
Reduced rating the renovation or alteration of empty residential premises
Thank you. -
RE: Drop Ship from USA to Germany
Hi,
As the goods never enter the UK then this will be outside the scope of UK VAT and so you will need no proof for UK VAT purposes.
Thank you.