HMRC Admin 25 Response

Hi Suk Poon,
Thank you for your query. 
Guidance about your responsibilities when you sell your company can be found herw:
Selling your business: your responsibilities
Please note that our current timescale for dealing with postal correspondence is 40 working days from the date of receipt. 
Thank you. 

 

Hi Indre Sim,
Thank you for your query. 
We first suggest that you contact your software supplier to discuss this issue if you have not already done so. 
HMRC cannot provide support for commercial software products.
If your software package does not include the relevant box of the CT600 form, we suggest that you consider purchasing a software package that meets your company’s needs.
HMRC has published a list of recognised suppliers of commercial software products and services here:
Commercial software suppliers for Corporation Tax
Thank you. 



 

Hi John Hopkins,
Thank you for your query. 
Grant income that is revenue in nature and relates to trading activities will be subject to corporation tax. If you have received a grant to defray a specific expense, there may be no tax liability even though the income itself is taxable. 
If the grant is to be used to offset future expenses, you may find the guidance here useful:
BIM42215 - Deductions: timing: deferred revenue expenditure
HMRC is not able to provide specific tax advice.
If, after consulting HMRC guidance, you still need advice about the accounting and tax treatment of grant income, you will need to speak to an accountant. 
Thank you. 

Hi George43,
Please refer to ERSM20420:
ERSM20420 - Employment-related securities and options: definition of ‘acquisition’ of securities or option
And:
ERSM20192:
ERSM20192 - Employment-related securities and options: what are securities: Long Term Incentive Plan (LTIP)
Thank you. 
 

Hi davidmzinc davidbmiller,
To add  your Self Assessment to your Personal Tax Account account 
you will would need to remove the service from your Business Tax Account.
Please follow this guidance to  remove a service,
 •    HMRC online services: sign in or set up an account
•    select the radio button 'sign in
•    sign in to your Business Tax Account (BTA)
•    select 'Manage Account' under the 'Business Tax Account' header
•    select 'stop access to a tax, duty or scheme' from the heading ‘Remove a tax, duty or scheme from your account online.
•    if you have more than one service on the account
  you will be asked ‘Which online service do you need to stop using?   select the service you want to remove and
   select ‘continue’.
•    the next page asks, ‘Are you sure you want to remove your organisation’s access?
•    select 'Remove access’.
•    you will see an onscreen confirmation stating, ‘you have removed access to (name of service removed)
•    select ‘continue’.
Then you will need to login to the PTA account 
•    select the link ‘Request access to your Self-Assessment’.
•    they will be asked to prove your identity.
•    select ‘continue’.
•    follow the online prompts to complete the identity check.
Thank you. 

 

Hi sa78,
No, the beneficial owner of the interest is your father and he is taxable on this in India.
Your name on the account is perhaps for other reasons.
Thank you. 

Hi ST S,
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our Self Assesment helpline on 0300 200 3310 or contact our webchat facility here:
Contact HMRC
Thank you. 

Hi Dalito Smith,
As you will be in receipt of overseas self employment income, you will need to register for Self Assessment if you have not already registered.
Check how to register for Self Assessment
If you have not already registered.
You will also need to review the guidance at RDR3 and take the statutory residence tests.
RDR3 Statutory Residence Test
If you are considered resident in the UK,  you will need to consider whether split year treatment applies.
If it does, you will need to complete a paper tax return (SA100) SA103 (self employment) and SA109 (residence) after 5 April 2024.
Thank you. 

Hi Graham01,
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our Self Assesment helpline on 0300 200 3310 or contact our webchat facility here:
Contact HMRC
Thank you. 

Hi leborham,
This would depend on the outcome of the statutory residence tests.
You will need to review the guidance and take the tests and confirm if split year treatment applies.
If you are not resident for the full tax year only declare your UK income from the date your arrived in the UK.
If you are considered resident, you will then need to consider whether split year treatment applies, if it does, you claim this via a Self Assessment tax return and only declare your UK income from the date you arrived.
If split year treatment does not apply , you will need to declare your German income and claim a tax credit for any German tax paid.
RDR3 Statutory Residence Test
Thank you.