carol conway

The excess enters the sinking fund/property reserve account so when you complete the P&L, it shows there which means the PL account balances and profit is Nil.

Not recently but we have in the past. One issue is HMRC are so slow sending out the stuff

TSS are the best people to help https://www.tradersupportservice.co.uk/tss

Was your EORI quoted as the importer? If not it will not appear on your C79. Did the shipper or their agent act as the importer? Has postponed VAT been operated if so it will be on your PVA statement if your EORI was used as the importer. Ask for a copy of the C88/CDS import document to check who is the importer.

Also, there is no need to pay import VAT you can ask your customs broker to operate postponed VAT

Class 3 are a personal expense, nothing to do with your company.

I am a leaseholder of a shop unit. The whole property is four flats and four shops, the developer handed over the freehold and all leaseholders decided the safest route was to form a limited company and register the freehold to the limited company. We registered with companies house and HMRC. One share per unit. We all pay into a bank account and take money out for repairs and insurance so no trading/profit as such, though some years there is a surplus left in the bank. I need to pull together and submit some accounts but after looking at CH website many similar companies appear to be declared as dormant and only declare the share holding not even balance at the bank. 1.Should I tell Companies House we are dormant as currently shown as active? 2. Will they do that retrospectively back to Jan 2023? 3. does it make a difference as there are shop units as well as flats? Thanks for any help on this.

Deregister or make sure you use supplementary pages SA109 to record your residence and domicile status on your Tax Return. You can also safeguard your UK pension by paying class 2 national insurance while you are abroad in case you intend to return to the UK.

HMRC response - Ask the sender to write ‘Returned goods — relief claimed’ clearly on the package and its accompanying import declaration. The declaration must include a complete and accurate description of the goods, their quantity and value. If you’re registered for VAT, make sure your VAT number is quoted on the declaration (CN 22 or CN23)."You can speak to the courier who will submit import declarations and explain what documents are required. As far as I am aware CN22/23 only covers 'Post' as in goods sent through the post office of the export country it doesn't cover sent by courier

Ex- works - Company B pick up goods at the door of company A, company A do not have any involvement in the export, it is up to company B to take care of everything. If B are not established in the UK then they cannot be the exporter and it is not likely the agent will act. Ex-works is not a good idea, B will ask you for to issue an invoice with No VAT as an export but you do not have any proof the goods have left the UK and therefore may be held liable.