HMRC Admin 20 Response
-
RE: Low Business mileage claim using own vehicle
Hi,
It would be seen as normal commute to work unless it is regarded as a temporary workplace - Ordinary commuting and private travel (490: Chapter 3)
Thank you. -
RE: Expense for self-employed
Hi,
The car was a private use vehicle from the date of acquistion to the date you commenced self employment in 2025.
You cannot claim for this period.
You would need to be able to obtain a value for the vehicle from the date you commenced trading, to work out costs to deduct.
If the vehicle is still used privately, then this period cannot be claimed for.
You would need to record your business mileage, so that you can apportion your costs.
Please have a look at the guidanc at Expenses if you're self-employed and Claim capital allowances
Thank you. -
RE: ISA’s from April 2024
Hi STal,
Your ISA provider may restrict you to opening only 1 ISA with them per year, however, they cannot prevent you opening another ISA of the same type with a diferent ISA provider.
Thank you.
-
RE: Definition of beneficial entitled for employment-related securities
Hi,
Please refer to guidance at ERSM20420 that talks about the definition of acquisition of securities and the timing.
Also the legislation at subsection 2(a) ITEPA03/S421B.
ERSM20420 - Employment-related securities and options: definition of ‘acquisition’ of securities or option
Thank you. -
RE: CGT already paid in tax year .What to put on SA form.
Hi Janet Bedell,
The tax return will be based on actual figures whereas your CGT report will be estimated so if you have used lower figures, more tax will be due. you also need to ensure you have completed the section for gains already reported.
Thank you.
-
RE: US Visiting Forces Spousal Telework
-
RE: Calculating adjusted net income for tax free childcare / 15 or 30 free hours
Hi,
1) You only need to include the profits, as you describe, in calculating your adjusted net income - Personal Allowances: adjusted net income
2) To give you the best advice here, please contact our Child Benefit team by webchat or phone via Child Benefit: general enquiries
Thank you. -
RE: Response time for reporting CGT and untaxed income
Hi,
Yes if it has been done in writing and posted to us.
Thank you. -
RE: Pension contribution increase for the year 2024/2025
Hi,
Yu cannot backdate any contributions as relief is only due in the tax year the payment is made.
Thank you. -
RE: Partnership- changing nominated partner
Hi,
Yes you need to notify this in writing prior to the submission of the tax return- PM143000 - The nominated/representative partner
Thank you.
