HMRC Admin 10 Response

Hi
No as this is personal use as it is fitted to a private residence.

Hi
You can only treat it as such if the country actually stops you from removing the funds.
If it is your choice not to remit it then you still need to declare it unless you are claiming the remittance basis.

Hi
For 22/23, please refer to Self Assessment tax returns.
With regards to potential capital gains for 23/24, you will need to contact the company you bought the sahres from to ascertain the original cost price.

Hi
Article 7 of the UK / Ukraine double taxation agreement advise that the business profits are taxable in the UK, unless you have premises in Ukraine from which the business is carried out.  
You would need to declare the net profits and tax deducted in SA106 to claim a foreign tax credit.  
The self employment gross profit and expenses, should also be shown in SA103.

Hi

Re posted, please try again.

Hi.
I have searched the commodity code and it relates to 'other vehicles'.
Could you describe specifically what the item is which is being imported?

Hi.
If you are the importer of record in to Ireland then you would need to register for VAT in Ireland and you would then be able to recover the import VAT paid on the Irish VAT return.
If you are not the importer of record in to Ireland then you would not be required to register for VAT in Ireland and therefore there be no facility to be able to recover the import VAT incurred.
There is a process for recovering VAT incurred in member states but you would need to mjeet the cinditions set out for a particular memeber state.
Please see the guidance below:
How UK and Isle of Man businesses can claim overseas VAT

Hi.
This option is only available via the clients Business Tax Account.
Please see the guidance which details the other options available:
Check if you need to report errors in your VAT Return

Hi
Thank you for your question.
Based on the information provided in your question, it may be worth taking a look at some guidance attached regarding the Non-Resident Landlord Scheme which registration would be required:
What the Non-resident Landlords Scheme is
&
Non-UK resident landlords.
As the NRL scheme is created for people residing outside of the UK, the letting agent would deduct tax from your UK rental income and pay this to HMRC.
Alongside the SA100 Tax Return, the SA105 UK Property & SA109 Residency supplementary pages should also be completed to claim your personal allowances, as well as on your wife’s if she qualifies for personal allowances as well as disclosing any property income you receive.
To answer your last question, as the property is owned by yourself and your wife, we would expect that income from property and any expenses incurred would be split between yourselves.

Hi
Thank you for your question.
I would advise as per your situation that as at no point has the property ceased to be used as your primary/only accommodation before the next letting began or after the previous letting has ceased, the basis period that you would use would be the 7 week period.