HMRC Admin 20 Response
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RE: Tax on an Accumulating Money Market fund
Hi Eric01 Kendall,
This is within the 22/23 tax year so you will show this information on your tax return, the due date for tax to be paid is 31/1/24.
Thank you.
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RE: Premium received on selling share options: is it subject to CGT?
Hi Eunice Tang,
As it is within the annual exempt amount there is no need ot report this unless you also have other gains to declare.
Thank you.
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RE: Crypto - NFT Income and Expenses
Hi Some Crypto Guy,
Please refer to CRYPTO22150 - Cryptoassets for individuals: Capital Gains Tax: allowable expenses
Thank you.
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RE:Voluntary NI Contribution while residing abroad
Hi pardeep panesar,
Unfortunately we cannot give specific advice via this Forum.
I can confirm though that our International Caseworker Team that would deal with your CF83 application is currently working on applications received from Sept 22.
I am sorry that you have therefore not received a response yet, your patience is appreciated as we work through our backlogs, you will not be penalised for our delay.
If you need to discuss your application our NI Helpline is open Monday to Friday from 8am – 6pm on +44 191 2037010.
Thank you.
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RE: Lived but did not work overseas. Fill gaps in NI contributions.
Hi ryanx,
If you are living abroad and not working abroad (employed or self employed) and want to maintain your UK NI record for Pension purposes you can make Class3 Voluntary NICs.
However, if you are employed or self employed abroad you may wish to maintain your UK NI record for other contribution-based benefits such as Employment and Support Allowance, Maternity Allowance in addition to maintaining your basic State Pension and in this case you may be able to pay the Class2 rate of NIC?
The leaflet NI38 Social Security abroad: Social Security abroad: NI38 explains about the different Classes of NICs and the criteria for applying for voluntary NICs.
If you are applying for Class2 NICs you are advised to enclose a covering letter with the application form CF83 outlining your employment/self employment periods abroad to determine if Class2 will be applicable.
If our International Caseworker Team does not have enough information from the CF83 and/or covering letter to make a decision, they will request more information.
This is normally if dates/periods are unclear. Documentary evidence is not normally required if you have provided sufficient details.
Thank you. -
RE: Sending Food Samples to Europe
Hi
With reagrd "Sending Food Samples to Europe" please contact customs and international trader helpline on 0300 322 9434.
Thank you. -
RE: Importing goods from EU - non VAT registered business
Hi KZ,
The trader will have to pay customs charges due as per tariff, they need to speak to exporter or customs/tax authority of exporting country to see if they can zero rate the sales VAT because goods will be subject to import VAT as per tariff in UK.
If the importer is not VAT registered in UK then it is not possible to claim back the import VAT.
Please see step by step guide on importing goods into UK on below link:
Import goods into the UK: step by step
Thank you. -
RE: Unable to link EORI request to VAT number as VAT is not yet received. How to get back VAT?
Hi antoine_imex,
While making application for VAT did they request the EORI at the same time?
If not then trader should wait until they receive the VAT and then apply for EORI.
If trader applies now for EORI while VAT application is in progress they will receive the EORI but it will cause issues as it will not be linked to VAT and it will be generic one.
More information on EORI is on below link where they can contact EORI team by filling online contact form.
Get an EORI number
Thank you.
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RE: IMPORT GOODS OUTSIDE UK FOR PERSONAL USE
Hi BrianV,
If goods are imported into UK for personal use by using courier, there are certain thresholds based on the value of the goods.
This has been covered in below guidance.
Tax and customs for goods sent from abroad
If someone brings goods in personal baggage, guidance for this has been covered in below link.
Bringing goods into the UK for personal use
Thank you. -
RE: Use Of Automated Integrated Platform
Hi princewmk Kisala,
Trader should speak to customs authorities in the importing county to offer clarification as why re-importing goods incurring customs charges or if they can claim a relief.
As custom charges are imposed by the importing country it is out of our remit to offer advice and we are unable to suggest which system or software traders should use for declarations.
List of customs software providers available on gov.uk.
Software developers providing customs declaration software
Thank you.