HMRC Admin 25 Response

Hi Amazo,
If you client is registering for VAT late then they are opening themselves up to potential late registration penalties.
Please see the guidance below:
Calculating and notifying penalties
When the client registers for VAT then they are allowed to reclaim preregistration VAT as input tax subject to the conditions below:
Input tax when VAT paid on goods and services received before VAT registration

If the client registers for the Flat Rate scheme then input tax is blocked except for the purchase of large capital items.
Please see the guidance below:
Capital expenditure goods
However, joining the Flat Rate Scheme will not prevent the recovery of preregistration VAT as input tax as subject to the normal rules.

 

Hi Martin Hewett,
We would recommend disconnecting your software from your MTD account.
Please search for manage permissions for Tax software on gov.uk.then you will be prompted to sign in to your account.
You will then see an option to disconnect your MTD service from your software.
You can then reconnect your new software to your MTD account via your new software.
Thank you, 

 

Hi Josh Duke,
As the supplies would be deemed as Outside The Scope of VAT they don't form part of your taxable turnover for VAT Registration purposes.
So there would be no requirement to register for VAT if your UK turnover remains below the registration threshold.
Thank you. 

Hi britgirl1962 Loffi,
Please contact our NRL helpline on +443003229433.
Thank you. 

Hi LB1967 Fox,
You should enter the total amount finance costs in box 44.
Thank you. 

 

Hi Becki,
As you started to rent out your property in October 2023 then you will need to complete a tax return for the 2023/24.
As husband and wife we would expect you to split the rental income 50/50 along with any expenses.
You will both be able to claim the Property Income Allowance.
Thank you. 


 

Hi Ruth Kupper,
You are able to claim the Property Income Allowance and include the property finance costs in box 43.
You are able to amend your 2021/22 return online up to 31/01/24.
After this you would have to put the amendment in writing.
Thank you. 

 

Hi MaryH,
.As we are not able to see your Self Assessment tax return, We would suggest you contact HMRC on 0300-200-3310 to seek further clarification.
Thank you. 

Hi rarrpish89,
Please refer to HS223 Rent a room scheme.
Rent a Room Scheme (Self Assessment helpsheet HS223)
You would also complete the Income from property page if you rented out the whole property.
Thank you. 

 

Hi Vijay Sharma,
 In jointly rented property the expenses are shown as 50/50 irrespective of who pays them.
On your additional question it appears that you have completed the box correctly.
For more clarification we suggest you call HMRC on 0300 200 3310.
Thank you.