HMRC Admin 25 Response

Hi mw2010,
On the basis of the information provided, you will not be UK tax resident in 2023/24.
However, as you have been a sole trader based in the UK since February 2024, and are likely to be tax resident in the UK in 2024/2,you meet the criteria for Self Assessment (SA).
You should register for Self Assessment (SA) as a self employed individual with overseas income.
Thank you. 
 

Hi T_Trim,
It is not clear from your question exactly when the property was sold, but Capital Gains on residential property must be reported within 60 days of selling the property using our 'Capital Gains on UK Property' service.
As someone who is already required to submit a Self Assessment tax return, the capital gain should be reported again in the appropriate pages (SA108) of your return.
When reporting the gain, you will be asked to confirm the amount of Capital Gains Tax already reported and the amount of tax already paid, thereby giving you credit for the tax already paid.
Your brother would only have to register for Self Assessment if he meets the SA criteria; otherwise, he will only have to report his share of the gain via the Capital Gains on UK Property service.
Report and pay your Capital Gains Tax
Thank you. 
     

 

Hi Elizabeth,
As the error occurred in the previous tax year 2023/24 you should not attempt to correct the situation.
HMRC will contact you after the end of the tax year if appropriate. 
Thank you. 


 

Hi wendyparish,
If you are supplying insulation in to residential accommodation then this can normally be at the zero rate of VAT.
However, the guidance does state clearly at section 2.10 that insulation materials means materials which are designed and installed because of their insulating qualities and so an insulated garage door whould not normally meet this criteria as its main purpose would be as a door and not as an insulation device.
Thank you. 

Hi Rahul2024 prajapati,
If you are trying to enrol for Making Tax Digital and you are getting this error message please contact our Online Services Team as below:
Get help using VAT online services
Thank you. 

Hi Antoinette Le Peuple,
Please see the guidance below where education/vocational training is provided on government schemes;
Education and vocational training (VAT Notice 701/30)
Thank you. 

Hi Thomas,
Energy-saving materials, when installed in residential accommodation or, from 1 February 2024, a building intended for use solely for a relevant charitable purpose, qualify for relief when they consist of any:
•    controls for central heating and hot water systems (read section 2.8)
•    draught stripping (read section 2.9)
•    insulation (read section 2.10)
•    solar panels (read section 2.11)
•    wind turbines (read section 2.12)
•    water turbines (read section 2.13)
•    ground source heat pumps (read section 2.14)
•    air source heat pumps (read section 2.15)
•    micro combined heat and power units (read section 2.16)
•    wood-fuelled boilers (read section 2.17)
From 1 February 2024 additional materials include:
•    water source heat pumps (read section 2.18)
•    batteries for storing energy converted from electricity (read section 2.19)
•    smart diverters (read section 2.20)
In addition, from 1 February 2024, the temporary zero rate will apply to supplies of groundworks, or dredging a body of water, in order to install pipework or other equipment necessary for the operation of a ground or water source heat pump installed in (or in the curtilage of) residential accommodation or buildings intended for use solely for a relevant charitable purpose.
You will note solar panels are deemed to be an energy saving material and, section 2.11 of the same notice below states:-
2.11 Solar panels
Solar panels include all systems that are installed in, or on the site of, a building and that are:
•    solar collectors such as evacuated tube or flat plate systems, together with associated pipework and equipment, such as circulation systems, pump, storage cylinder, control panel and heat exchanger
•    photovoltaic (PV) panels with cabling, control panel and AC/DC inverter
So, if the replacement inverters are a composite part of a solar panel and, the solar panel needs them to operate then in my opinion the replacement of a part specifically designed to allow the continued use and operation of the solar panel would be zero-rated when installed in accordance with the guidance shown in paragraph 2.7 above
Please see the guidance below:
2. Installations of energy-saving materials
Thank you. 

 

Hi 
If the subcontractor was engaged to provide and install new pipework, and radiators in preparation for the installation of the Air Source Heat Pump under a single contract ,( with a single price quoted), and this contract was between themselves and the customer ( end use owner of property).
If, this was the case then the installation of the pipework, and radiators and the Air Source Heat Pump would all be seen to be a single supply of the installation of Air Source Heat Pump. and subject to VAT at a single rate, the zero-rate.
Just to remind you the indicators of a single supply include:-
•    A single price
•    The supply is advertised as a package.
•    The components are not available separately.
•    The installation of all the components is carried out at the same time, such that, the customer perceives that what they are getting is a single supply.
Therefore, the initial work completed by the subcontractor to install pipework and radiators without the installation of the Air Source Heat Pump would show that the contractor is able to provide these component parts separately, and that these component parts when provided to the end user the owner of the property separately do not meet the criteria of energy saving materials listed in paragraph 2.7 of Notice 708/6 – Energy Saving materials and heating equipment’.
Therefore, the supply of the installation of pipework and radiators by the sub-contractor in this scenario would be standard rated, if the subcontractor is registered for VAT.
Thank you. 
 

Hi caleytiff,
The tax year runs from 06 April to the following 5 April.
Therefore, your property income will be returned for one year from 6 April 2023 to 5 April 2024.
If you raised your rents from April 2024, you will be declaring the income arising from 6 April 2024 to 5 April 2025.
The 2024-25 Self Assessment tax return will be issued after the 5 April 2025.
Thank you. 


 

Hi bhavin05,
We do not have a template for your use.
A Deed of Trust can be prepared by yourselves providing it shows that the husband and wife or civil partnership are benficial owners of the property. The address of the propery and the split other than 50/50 is noted accordingly. that the document is signed and witnessed accordingly.
Or consult a solicitor.
Thank you.