HMRC Admin 17
-
RE: Corporate Tax Registration and Code Sending to the Address
-
RE: Money paid to buisness by directors to start up the company
Hi,
Thank you for your query.
Your company does not pay corporation tax on money that you lend it.
Money that a company borrows from its directors can be repaid at any time without tax consequences.
You can find HMRC guidance on this topic at www.gov.uk/directors-loans.
Thank you -
RE: PAYE submitted on RTI not seen on HMRC system
Hi,
We require more information regarding your question, please contact us on 0300 200 3200 .
Thank you . -
RE: Employer PAYE overpayment
Hi,
You can claim this by calling us on 0300 200 3200 to request the repayment,
or you can use this to reduce your liabilities you pay to us going forward.
Thank you . -
RE: Company Car BIK
Hi,
No due to the fact you would add the date made available then pro-rata the cost by the amount of days available,
there is no need to account for days before you owned the car.
Thank you . -
RE: VAT on General Expenses recharged to a client
Hi.
We can't dictate to a company what value they charge as a supply.
We can only dictate that the VAT is charged on their supply but the value of this supply is their own decision.
Thank you . -
RE: Split Year Treatment question
Hi ,
If you qualify for split year then you only report any foreign income for the UK part of the year :
Residence, Domicile and Remittance Basis Manual .
If you do not qualify then you will need to report all your foreign income to the UK :
Tax on foreign income .
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies.
If you wish to apply for this, yes you need to complete a tax return .
Thank you .
-
RE : Reinvesting Money from Selling Stocks in USA
Hi ,
You have not stated which type of plan that you were in with your employer for this to be answered.
Please refer to :
Tax when you sell shares .
Thank you . -
RE: Information in online Self Assessment for a deduction related to employer NIC for stock options
Hi ,
If you’ve entered into a formal National Insurance contributions (NICs) election to meet employer’s NICs due on the exercise of an option or on the acquisition of certain types of shares, you can deduct the employer’s NICs you’ve paid in calculating the tax due.
If you’ve entered into a NICs agreement instead, you can only deduct the NICs you paid to your employer before 5 June following the tax year in which the relevant share transaction occurred.'
But if his employer has not deducted NICs then TP cannot include this in the computation for CGT.
HS305 Employment-related shares and securities — further guidance (2023) - GOV.UK (www.gov.uk)
like 1
HS305 Employment-related shares and securities — further guidance (2023) .
Thank you . -
RE: Remittance Basis and Work for Overseas Employer
Hi ,
Please have a look at article 14 of the UK / Hong Kong double taxation agreement, regardign employment income.
You will need to work out the number of days you were resident in the UK .
See :
UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL .
If you are taxable in the UK, the income woud need to be declared on a self assessment tax return .
Thank you .