HMRC Admin 25 Response

Hi JulianL,
Can you confirm if the goods being imported in to the UK are of a value over or below £135?
As this this will decide how this would be treated.
Thank you. 


 

Hi Janey,
You can use trade tariff UK to find a commodity code for goods you are  importing to or exporting from the UK.
You can also use the service to check if there’s duty or VAT to pay and find out about suspensions or reductions.
You can check the type of preference available, rules of origin applicable and proof of origin required to claim preference.
Please use below link to access trade tariff.
Trade Tariff: look up commodity codes, duty and VAT rates
Thank you. 
 

Hi Wicks87,
Once you have entered all of the boxes you need to complete, work your way to the calculation to view the capital gains tax that is calculated. Compare this figure to the Foreign Capital Gains Tax paid and take a note of the UK capital gains figure.
You can claim up to 100% of the foreign tax paid, so you click on back and work your way back a few screens to the "View your calculation Capital gains - foreign tax credit relief and Special Withholding Tax"
It will show the foreign tax credit as £0.00.
You change this to either 100% of the foreign tax paid or the UK capital gains figure (which ever is the lower).
Save and continue to view your calculation.
Thank you. 
 

Hi inov8uk,
We can not comment on the restrictions imposed on EIS,SEIS and VCT schemes.
There may be an alternative here:
Investment schemes: detailed information
Thank you. 

Hi Bertram,
As there was still the intention to rent the property out, but the maintenance and repairs, prevented this, you can claim those costs, such as service charges, council tax etc.
Please see this links to help further:
Work out your rental income when you let property
Examples of how to work out Income Tax when you rent out a property
Thank you, 

Hi tw.other,
We can only provide general advice and links to guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our Self Assesment helpline:
Self Assessment: general enquiries
Or seek professional advice.
Thank you. 
 

Hi Rhubarb,
The guidance here:
Register as a sole trader
Advises that you may incur a penalty if you do not register in time.
If after the tax year has ended, you confirm that your gross profit has not exceeded the £1000 trading income allowance, you can contact our Self Assesment helpline on:
Self Assessment: general enquiries
To have the tax return withdrawn.
Thank you. 

Hi nic_mitchell,
UK civil service pensions are in general, taxable only in the UK.
The tax treaty with Jersey expands on that.
Article 18(1) advises that if you are not ordinarily resident in Jersey, then the UK civil service pension is taxable only in the UK.
UK – JERSEY DOUBLE TAXATION AGREEMENT AND PROTOCOL, GIVEN EFFECT BY AN EXCHANGE OF LETTERS SIGNED IN LONDON ON 2 JULY 2018
Thank you. 

Hi Manila,
If your husband meets the following criteria the gain will need to be included in his tax return.
1 - is your husband required to complete a Self Assessment tax return for any other reason
2 - Is the disposal value over £50000.00.
Only if the answer is 'yes' to both questions, will the disposal need to be included in the SA return.
Thank you. 

Hi Andrew,
Yes, however, you can only claim that proportion of the mobile phone cost that relates to the rental property.
Private use cannot be claimed for.
You would need to be able to show how you have split the bill between private and business use.
If you cannot find a way to show the business use, then you cannot claim this expense.
This link may help further:
Work out your rental income when you let property
Thank you.