HMRC Admin 29

Hi,

Most deductions made by an employer from a worker’s pay will reduce their pay for NMW purposes. There are some exceptions to this, such as where the deduction or payment is in respect of the worker’s conduct or any other event where the is contractually liable.

Further information on such deductions can be found in the Department for Business, Energy and Industrial Strategy publication ‘Calculating the Minimum Wage’ which is available here:

Calculating the minimum wage

Thank you.
 

Hi,

If you meet the conditions of being UK tax resident, then you need to declare your worldwide income, including capital gains unless you are claiming split year or the remittance basis.

RDRM12000 - Residence: The SRT: Split year treatment: Contents

Residence, domicile and the remittance basis: RDR1

Thank you.

Hi,

Please see the badges of trade for further guidance as to what qualifies as a trade

BIM20205 - Meaning of trade: badges of trade: summary

Thank you.

Hi,

If you are UK tax resident then all taxable income needs to be declared to the UK for that tax year, unless you are claiming either the remittance basis where you are not bringing the income into the UK, or split year where you only declare the income from any period after which you arrived in the UK.

You can find further guidance here:

Residence, domicile and the remittance basis: RDR1

RDRM12000 - Residence: The SRT: Split year treatment: Contents

Guidance on foreign life insurance policies, in case this needs to be reported, can be found here:

Gains on foreign life insurance policies (Self Assessment helpsheet HS321)

Thank you.
 

Hi,

There is not a limit for Income Tax on monetary gifts as these are not subject to Income Tax.

If they are held in a bank account that generates interest, then this interest would be taxable. You would only need to then declare the interest only to HMRC. 

Thank you.

Hi,

This is something that you will need to speak to our Inheritance Tax team about.

Inheritance Tax: general enquiries

Thank you.

Hi Dharmesh Patel

The intermediary you use must be authorised by HMRC to use EIDR. The intermediary will use their own EORI to use GVMS and import goods. 

For more information on customs agent/brokers, please visit:

Get someone to deal with customs for you

Intermediaries can act both directly and indirectly. 

Direct representation means the intermediary acts in your name. If they act in a direct capacity, you’ll be solely liable for:

• keeping records 
• the accuracy of any information provided on your customs declarations 
• any Customs Duty or import VAT due

However, if you give clear instructions and they make a deliberate or unreasonable error, they may become jointly and severally liable.

Indirect representation means the intermediary acts in their own name but on behalf of you. If they act in an indirect capacity, you and your intermediary are:

• equally responsible for making sure the information is accurate
• jointly and severally liable for any Customs Duty or import VAT

If you are not established in the UK, the intermediary can only act for you indirectly.

Thank you.

Hi

GVMS will not carry out any transit formalities for the office of destination role. For a transit movement not arrived as a simplified movement (not at an authorised consignee location), the haulier will need to present the Transit Accompanying Document (TAD) and the goods at the customs office of destination declared (accepting any transit diversion) within the time limit. This may be at a customs office at a port or it could be a customs inland location such as an Inland Border Facility (IBF). 

Thank you.

Hi  cwall080,

We are aware that some banks may show this as a Child Benefit account but it is the correct account for SEISS payments.

The following link confirms the correct bank details for HMRC SEISS payments and the additional information required:

Tell HMRC and pay back a Self-Employment Income Support Scheme grant

Thank you. 

Hi,

Installing a solar battery as part of a solar installation is a capital expense. Capital expenses are not allowable and cannot be claimed against rental income.

In terms of capital allowances, expenditure incurred on the provision of plant or machinery for use in a dwelling-house is not qualifying expenditure for an ordinary property business.

The plant or machinery does not necessarily have to be located in the dwelling-house in order to be for use in it. For example, if a landlord installs ground mounted solar panels within the garden of a house he lets and the electricity generated will be used in that house, the expenditure will not qualify for capital allowances.

The Landlord’s Energy Saving Allowance was withdrawn from April 2015.

Please see the guidance at:

Work out your rental income when you let property

CA23060 - Plant and Machinery Allowances (PMA): qualifying expenditure: plant and machinery in dwelling house

Thank you.