HMRC Admin 25 Response

Hi Nancy A ,
There is an option to select an earlier tax year when you log into your Self Assessment account.
The late filing penalty is £100.
Thank you. 

Hi Rafay A ,
If you'd like to amend your projected payments on account, you can include the amended amount when you submit your  tax return, in boxes 10 and 11 on the SA110 Tax Calculation Summary.
Or you can contact us directly to amend them here:
Self Assessment: general enquiries
Thank you. 

Hi Fehmi Emre Kadan,
We can also change your tax code if you contact us by webchat -
Please go to:
Income Tax: general enquiries
Select 'Ask HMRC Online' to talk to an advisor.
Thank you. 

Hi Aldo Zavarella,
While it does depend on why you're leaving the UK, with an Self Assessment record you would usually only complete the SA109.
You can find more information here:
Tax if you leave the UK to live abroad 
Or contact us at:
Self Assessment: general enquiries
To discuss what you specifically would need to complete.
Thank you. 

Hi akane56789 miura,
Please refer to guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. 

Hi thomas mullett,
As this forum is for guidance only, you will need to contact us direct please on 0300 200 3300 or seek professional advise.
Thank you. 

Hi 
If you have purchased goods and not been the importer then you would not be declaring any import VAT on your VAT return for the purchase, only the net value of the purchase.
However, if the seller was the importer of the goods and therefore paid all the import charges, I would advise you to check if the seller is therefore VAT registered in the UK and making a supply of those goods to you in the UK.
If so, the seller would then issue you a VAT invoice for goods supplied in the UK for you to account for on your VAT return.
Thank you. 

Hi Sir Vatalot,
VAT returns can only be submitted by one software product, two submissions from two products for the same overall VAT period would not be accepted.
If the information is held over two products, you would need to arrange for the data to be input into one software product to allow the submission of the full VAT return.
Thank you. 

Hi David Cozens,
The VAT registration threshold is based on taxable supplies not on payments received.
Please refer to notice 700/1 section 3.4 for guidance on working out the value of your taxable supplies
3.4 Working out the value of your taxable supplies
Thank you. 
 

Hi ChrisV,
That is the correct way to work out any profit/loss.
The way it is taxed depends on whether it is a trade or gambling.
Please see guidance here:
CG56105 - Futures: financial futures: financial spread betting
BIM22015 - Meaning of trade: exceptions and alternatives: betting and gambling - introduction
Thank you.