HMRC Admin 20 Response

Hi tplinton,

The International caseworker team are currently dealing with work from 29 October 2022 so it’s likely your CF83 is still in our queue waiting to be processed.

Thank you.

Hi morgulwarrior,

If you complete the criteria tool, there is a link at the end to contact us to request removal
Check if you need to send a Self Assessment tax return

Thank you.

Hi Darren1977,

When your on the Self Assessment section, you need to click on 'More details about your Self Assessment returns and payments' select the 'more self assessment details' link and then 'Tax return options' this will allow you to select the correct year.

Thank you.

Hi deedee65,

The tax due on the income would be paid by the individual.

Thank you.

Hi steve,

We would update your tax code to collect any tax due if your income is above the Personal Allowance.

Thank you.

Hi Guido,

You will still have access.

Thank you.

Hi Fabricio,

Please refer to the CFM35810 - Loan relationships: connected parties: late interest: overview

Thank you.

Hi Guido,

Please find attached HMRC guidance in relation to international tax matters.
International Manual                                     
HMRC is unable to provide tax planning advice and I would suggest you speak with an accountant regarding your query.

Thank you.

Hi Guido,

There is no restriction in having a company of the same name incorporated and registered in Italy and the UK.
Without knowing the type of entity to be registered in Italy, I understand there is more than one type of P.IVA, it is difficult to comment further.
I would suggest that you put your query in writing, providing more details and your company's UTR.
Potentially, there are different outcomes under ITSA and CTSA in the UK.
Please write to -
Corporation Tax Services,
HM Revenue & Customs,
BX9 1AX.

Thank you.

Hi Guido,

Using the Ltd company’s name in any of the situations mentioned in your query will not by itself mean that the company is no longer dormant.  
For corporation tax purposes the Ltd company will not be dormant if it receives:  
•    Income from its trading activities including those mentioned in your query. 
•    Income from any other source for example rental income.
•    Proceeds from the sales of any assets.
The company will also not be dormant if it holds any assets capable of generating any income, profits, or chargeable gains. So, as soon as the company acquires or creates any IP, as mentioned in your query, it will not be dormant. This is because IP can generate income or chargeable gains on disposal. You should seek professional advice for further details on this aspect if required. 
If the company receives any income from its activities including any donations, then it will no longer be dormant. This is the position even if the income is received from overseas. If the income is generated by the company, it will subject to corporation tax even if the income is deposited to your personal account and the company will not be dormant. You should then contact HMRC straightaway so that the company’s record can be updated for tax return filing purposes. 
As to what constitutes trading, I would refer you to the ample guidance in HMRC’s Business Income Manual at BIM20000  onwards and in particular to BIM20105 for further information.
As for non-trading this simply means income from sources other than trading, for example rental income and bank or building society interest as well as profit on the sale of assets. 

Thank you.