HMRC Admin 25 Response

Hi Ann Li,
If you have still not received your UTR then you will need to contact HMRC to review here:
Self Assessment: general enquiries
Thank you. 

 

Hi Vane Lecuyer Ortiz,
For tax purposes, the activity of buying and selling securities generally falls short of trading and is subject to Capital Gains Tax (CGT)
Please note, however, that CGT is not payable up front, so any platform fees you are  being charged should be taken up with the platform.
Please also note that capital gains on securities should be declared in your country of residence.  
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

Hi Harry,
You state that no income from the investment has previously been declared as it was mmediately re-invested.
Depending on the type of investment, the distribution may be taxable when payable even if re-invested.
Please see the guidance starting from:
SAIM5000 - Dividends and other company distributions: overview and contents
Thank you.             
 

Hi angelapowuk,
You will need to contact for a breakdown of the details held by HMRC here:
Income Tax: general enquiries
Thank you. 

Hi Alvibobby62,
Sorry We are not able to advise on this at this forum.
For assistance please see here:
Child Trust Fund
Thank you. 

Hi Michelle T,
If your name is incorrect and you are unable to amend online then you will need to contact HMRC to review and update:
Self Assessment: general enquiries.
Thank you. 

 

Hi mathman,
Yes, you would need to register as self employed;
Set up as a sole trader: step by step
You would still have the same Unique Tax Reference, UTR.
At the tax year end you would complete the self employed page when you submit your tax return. 
Thank you. 

 

Hi Winnie Leung.
If your only foreign income was taxed dividends up to £1,000 you can enter your foreign dividends in this field (rather than in the Foreign section). Enter the sterling equivalent of the dividend.
This is box 6 page 3 of the SA100.
If your total dividend income (including UK and foreign dividends) is over £1,000 and you're eligible to claim deduction relief or Foreign Tax Credit Relief,.
Do not include the foreign dividend in this box.
Complete the 'Foreign' section instead.
Thank you. 

Hi RichardHa,
If the franchisee is not VAT registered then any sales made by them will not be subject to VAT.
Any commission which you charge the franchisee would attract VAT as you are VAT registered and making a taxable supply.
We can not see there is an issue with the franchisee catering sales  going through your till as long as it is very clear that these sales are being made by the franchisee and not yourself and these are clearly recorded.
We would also recommend drawing something up in writing to your franchisee to confirm this arrangement so as to avoid any issues.
Thank you. 

Hi laurasmith87,
HMRC cannot recommend a specific software which would cater to your needs.
However there is a list of Making Tax Digital software available on our website.
Please see below:
Find software that's compatible with Making Tax Digital for VAT
Thank you.