HMRC Admin 20 Response
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RE: Non-coded income and tax code change
Hi,
We can only give general answers on this forum, and your question would require access to your tax record.
Please see link below for ways to contact HMRC to enable us to review the issue fully -
Income Tax: general enquiries
Thank you. -
RE: Splitting tax code
Hi,
To split your allowances you will need to contact our helplines, as this facility is not yet availabe on the HMRC App -
Please see link below for ways to contact
Income Tax: general enquiries
Thank you. -
RE: What counts as building materials for flat rate scheme purposes?
Hi,
The fuel for the vehicle is not classed as materials and so you would not include this cost.
Thank you. -
RE: Taking goods for personal use from the UK to Ukraine
Hi,
If your goods are for personal use, you do not normally need to make a formal declaration (requiring you to complete an electronic customs declaration) when you
bring them into or out of the UK.
These goods include private vehicles that have been in the UK before, and personal effects and gifts carried in your luggage or driven in a vehicle.
More information on below link:
Check how to declare personal goods you bring into or take out of the UK
You may have to check with customs in EU countries for their requirements.
Thank you. -
RE: Buying goods from Ireland
Hi,
An individual can be a private individual person with no commercial interests where as sole trader is a type of business.
You can be a sole trader as your only job or at the same time as working for an employer.
You can be a sole trader if the following apply
• you’re running your own business as an individual
• you work for yourself
What a sole trader is
Thank you. -
RE: UK Innovatiobn grants
Hi,
You can find HMRC guidance about the taxation of grants and subsidies at BIM40451 - Specific receipts: grants and subsidies: introduction.
Thank you.
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RE: Can I receive business funds into my personal bank account
Hi chemhero321,
Sole traders aren't legally required to have a business account, so business income may be paid into a personal bank account.
Thank you. -
RE: Are these companies considered associated?
Hi,
A company is an ‘associated company’ of another company if either:
. One of the two companies has control of the other.
. Both companies are under the control of the same person or persons.
Guidance on the definition of ‘control’ can be found at CTM60220 - Close companies: tests: control - over the company's affairs.
Please see the example at the bottom of CTM03770, which is pertinent to your situation.
It does not matter for tax purposes whether the equity release is paid into your wife’s sole account. What is important is whether any of the money invested in your wife’s company legally belongs to you.
If you need more information than that provided in HMRC guidance, we suggest that you take advice from a tax professional.
Thank you. -
RE: Bringing personal items to UK from EU
Hi,
The amount of goods you can bring is commonly known as your ‘personal allowance’.
Personal allowance rules apply to any goods you have bought overseas and are bringing in to the UK.
More information on below link: Bringing goods into the UK for personal use
If goods are re-imported and no relief is available then importer will have to pay custom charges as per trade tariff.
List of customs reliefs is available on below link:
Reference documents for The Customs (Reliefs from a Liability to Import Duty and Miscellaneous Amendments) (EU Exit) Regulations 2020
Thank you. -
RE: Importing Personal Goods from EU Back to UK
Hi,
If goods are re-imported and no relief is available then the importer will have to pay custom charges as per trade tariff.
List of customs reliefs is available on below link:
Reference documents for The Customs (Reliefs from a Liability to Import Duty and Miscellaneous Amendments) (EU Exit) Regulations 2020
The amount of goods you can bring is commonly known as your ‘personal allowance’.
Personal allowance rules apply to any goods you have bought overseas and are bringing in to the UK.
More information on below link:
Bringing goods into the UK for personal use
Thank you.