HMRC Admin 25 Response
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RE: Inside or not of off-payroll working rule (IR35)
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RE: Electric Vehicle EV, business mileage, claim through SA instead through company expenses
Hi Johnny2000,
Please have a look at the guidance here:
Claim tax relief for your job expenses
Thank you. -
RE: Deferring the use of C/F Capital Losses
Hi lstan,
If it is in year losses then no as they need to be used before any annual exemption.
If they are from a previous year then yes.
Thank you. -
RE: Foreign gains/dividends from US bond/stock ETFs
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RE: Ltd Company Director - Self Assessment Tax Due
Hi John,
Any drawings you take, should be declared in your personal Self Assessment tax return.
The profits of the limited company, should be taxed under Corporation Tax rules and not included in your personal Self Assessment tax return.
You would need to amend your tax returns to remove the limited companies profits and instead, declare them in a Corporation Tax return.
Have a look here:
Corporation Tax
Thank you.
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RE: Ltd Company Director - Income Tax Due
Hi John,
Total profits of a limited company are taxed under Corporation Tax
Drawing by a director are declared in a personal Self Assessment tax return.
Please see guidance here for further help:
Taking money out of a limited company
Corporation Tax
Thank you. -
RE: UK Tax on Australian Superannuation
Hi Ann,
Under article 17 of the Uk / Australia tax treaty, a lump sum from an Australian pension paid to a UK resdient will only be taxable in the UK.
The lump sum should be declared in a Self Assessment tax return.
2003 Australia-UK Double Taxation Convention - in force
You should claim a tax refund of any tax paid in Australia.
Thank you. -
RE: Classic car query
Hi Helen,
The car is exempt from Capital Gains Tax.
Please see help here:
CG76906 - Wasting assets: road vehicles
Thank you.
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RE: Self-Assessment Filing Confusion: Do I Need to Submit My Tax Return Again?
Hi Eva,
There may have been some crossover in you filing the outstanding return and our systems issuing a reminder to file.
While your return is most likely fully received, please contact us by webchat or phone here to allow us to confirm this for you:
Self Assessment: general enquiries
Thank you.
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RE: SA109 Split Year Return
Hi BIP,
Please refer to guidance here on how to complete the form:
Residence, remittance basis etc notes
Thank you.