HMRC Admin 20 Response

Hi C Lo,
If you have underpaid your tax then you should have received a calculation with a breakdown, the calculation once issued can take up to 2 weeks to arrive.
If not received please contact HMRC to review Income Tax: general enquiries.
Thank you,

Hi Robert Flounders,
If you are working as self employed then the threshold is gross income of a £1000 or more but you can still meet the criteria under certain circumstances if your income is below this.
You can check if you meet the criteria at Check if you need to send a Self Assessment tax return
Thank you.

Hi Georgina Davidson,
Referral bonuses can be deductible for tax purposes as a business expense, but it ultimately depends on how they're structured and the specific circumstances.
Further guidance can be found at BIM40670 - Specific receipts: insurance and other commission: deduction for commission passed on to customers
The referral bonus is taxable income and should be declared as other income on the individuals tax return, but again it depends on how they’re structured and the specific circumstances. Further guidance can be found at Statement of Practice 4 (1997)
Thank you.

 

Hi Jenni,
Why is there no gain, is there a loss to report or are you claiming a relief?
If you have no tax to pay, then you do not have to report online but if there is a claim that reduced the gain to nil then you need to claim that in the self-assessment return for the trust and will need to change the Trust Registration Service (TRS) record to taxpaying in order to obtain an UTR.
Thank you.

Hi Jim,
Please see:-
HMRC third party tax software and application programming interface (API) strategy 9. Contact us 
Thank you.
 
 

Hi Ben,
If your having building done to a residential property which hasn't been lived in for 2 or more years then the majority of the work carried out will be charged at the reduced rate of VAT which is 5%.
Please see the guidance below:
Buildings and construction (VAT Notice 708) 8. Reduced rating the renovation or alteration of empty residential premises
Acceptable evidence of the property not being lived in are stated in the guidance below:
Buildings and construction (VAT Notice 708) 8.3.1 The 2-year rule
If the house has been unlived in for more than 10 years then there is scope for claiming incurred VAT on a DIY repayment claim.
There is no timescale for how long the building work will need to take place before completion.
Please see the guidance below:
VAT refunds for conversions if you’re a DIY housebuilder
Thank you.