HMRC Admin 25 Response

Hi Koulis24,
You can write to HMRC to request confirmation that all CT liabilities are up to date.
This is normally sufficient for foreign tax aurthorities.
Thank you. 

Hi uqlist035,
In this scenario, the 2 year qualifying period will apply from the date of incorporation ie jan 2022.
The previous staus of the busines is not rolled over into the new business, so BADR will not apply until jan 2024.
Thank you. 

Hi Slava,
It will only be 1 as you are technally working for yourself.
If it is your client who is outside the UK but you are in the UK you will just include the income as part of your self-employment.
Thank you. 
 

Hi C CYK,
You should receive your UTR within the next 2 weeks, you do not need to reapply.
Thank you. 

Hi JerremyJ,
Based on what you have stated, you are not 'trading' as such so would potentially be chargeable under miscellaneous income.
The acquisition date would be the date he became eligible to receive the 'Air drop' & the value taxable as miscellaneous income  would be what the drop was worth at the same date.
This would also be his acquisition cost if/when he disposes of the coins & will be chargeable to CG on the difference between this & the disposal amount.
BIM100150 - Miscellaneous income: calculating the profits
Thank you. 

Hi shmola,
No, you need to submit the return before we can see it.
Please make sure you have declare eall your income and tax deducted to show that you do pay tax so that the gift aid is correctly applied.
Thank you. 
 

Hi Jane Gosling,
Sorry, HMRC cannot comment on future events or scenarios as legislation and/or plans may change.
Thank you. 
 

Hi Pines12345,
No interest will not be applied until after the 24/25 due date which is 31 January 2026.
Interest will only be payable from 1 February 2026.
Thank you, 
 

Hi tze kuen au,
Please refer to:
Remittance basis 2023 (HS264)
Tax on foreign income
Thank you, 
 

Hi nnike,
This depends on your residence status.
UK residents are liable on their worldwide income.
Thank you.