HMRC Admin 17 Response

Hi ,
 

As the shares are transferred to you at probate you are the one selling these for yourself and captial gains would be for you to declare and not the estate . Thank you .

Hi ,
 

The system will do it for you once you enter the amount and number of years .

 
Thank you .

 

Hi ,
 

A Company Tax Return (CT600) can be amended at any time within 2 years from the end of the accounting period. In this instance you may still be able to amend the CT600 rather than use a 'prior year adjustment'. You may wish to consult a professional accountant. Thank you .

 

Hi. Yes you do need to consider the place of supply rules. Please refer to notice 741a for guidance regarding place of supply. See :  Place of supply of services (VAT Notice 741A)   . You need to determine who your customer is and where your customer belongs for the purpose of receiving your supply as this will have an effect on the place of supply. Guidance on determining where your customer belongs can be read in sections 3 and 4 of notice 741a  . Once you have determined this then refer to section 6 for the place of supply general rules and any exceptions that may be applicable. Thank you .

 

Hi. In order to register for UK VAT a business must be making taxable supplies. Please refer to the guidance on our website : Register for VAT    and in notice 700/1 regarding when a business needs to register for UK VAT .  Who should register for VAT (VAT Notice 700/1) If a UK business is only making supplies outside the UK please refer to section VAT Notice 700/1 section 2.9 . Thank you .

Hi.

If a UK company which is established in the UK sells goods that are in the UK at the point of the sale via an online marketplace
then the UK business will account for the VAT on the sale to the customer.

So, if the goods you refer to in your question were in the UK at point of sale when sold on the online marketplace then yes,
the UK VAT registered business should be accounting for VAT on the sales.

Guidance regarding when an online marketplace accounts for the VAT can be read here:

Charging VAT when goods are sold if you're an online marketplace operator   .

Thank you .

Hi. Please contact the Annual Accounting team on 0300 322 7873 so that they can check your account and see which VAT returns need to be submitted following you leaving the scheme. If the returns have been correctly amended at HMRC but are still showing incorrect dates with Quickbooks then this is something you would then need to speak to your software provider about. Thank you .

Hi ,
 

Thank you for your question, although your query is about an income from property this is not relevant to this forum as it is not your intention to rent the property you are purchasing and selling. This would fall under our Self employed and Employed    1mployment Forum . Thank you .

Hi ,
 

Senior Accounting Officer guidance is available on our website at SAOG13000 - Notifying Senior Accounting Officer details to HMRC: contents   onwards .  The notification procedure is covered at  SAOG13300 - Notifying Senior Accounting Officer details to HMRC: how must the company notify HMRC .  If the company doesn’t have a Customer Compliance Manager, or is not a Mid-sized Business Customer (SAOG05010 - Where to send correspondence in HMRC for the email address which is wmbc.saomailbox@hmrc.gov.uk  ), you can send the notification to Corporation Tax Services, HM Revenue and Customs, BX9 1AX. Thank you .

Hi ,
 

You can either call the Corporation Tax helpline on 0300 200 3410 or write to us at Corporation Tax Services, HM Revenue and Customs, BX9 1AX .   Thank you .