HMRC Admin 25 Response

Hi accounts19,
Your question appears to relate to accounting in relation to Corporation Tax and not VAT.
Please contact the helpline for Corporation Tax for further advice using the contact details here:
Corporation Tax: general enquiries
Thank you. 

 

Hi light relief,
For import VAT to appear on the C79 you would need to be the importer of record and your EORI number would need to used on the import declaration.
If the correct EORI number is not used then it will not produce a C79.
Please check with your freight agent and check over the import documents they send you to make sure that they have used your correct EORI number for these imports.
If you have any further queries regarding import declarations and procedures please contact the International Trade Team
Imports and exports: general enquiries
Thank you. 

Hi light relief,
Please follow the guidance regarding missing statements here:
Get your postponed import VAT statement
This details how you may estimate the import VAT fiquares when there has been aproblem with your statements. 
Thank you. 

Hi Hana Bayat,
As long as you meet the conditions here:
PIM2505 - Beginning and end of a rental business: commencement
You will just include them in the same tax year that the first rental income was received.
Thank you. 


 

Hi Nithin Mathew,
As your query appears to relate to tax in Australia, you will need to contact the tax authporities there.
Thank you. 

 

Hi Colm Phelan,
If you are UK resident and domcile, you would still need to declare the rental income in the UK as you are liable on your worldwide income.
Ireland may also tax you as the property is there but you can then claim Foreign Tax Credit Relief to reduce your UK bill
You can find out more here:
Tax on foreign income
Thank you. 

Hi Richard Hughes,
f the disposals for the years were over £49200 then a tax return should have been completed.
If not, you can send a letter giving a breakdown of how the losses have arisen. this should be sent to:
HMRC,
PAYE & Self Assessment
BX9 1AS.
Thank you. 


 

Hi CGTCR56,
As it was valued at £625k you will pay CGT on the difference.
You will also be liable to IHT as the estate is over the threshold of £325k.
Further guidance for IHT is at:
How Inheritance Tax works: thresholds, rules and allowances
Thank you. 

 

Hi Sebabuilders,
As your income is taxable on a receipts basis, you will declare the £4791 in 24/25.
To claim the expenses you need to claim this in a Self Asessment tax return under your self employment page.
Please find more guidance here for self employed expenses. 
Expenses if you're self-employed
Thank you. 

 

Hi Redragon88 Price,
Please refer to:
Selling online and paying taxes - information sheet
Thank you.