HMRC Admin 10 Response
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RE: VAT on mileage expenses paid to employee for using for their own vehicle
Hi.
If the employee is paid 45p per mile then the company would work out the input tax by multiplying the fuel element of the mileage allowance by the VAT fraction
Road fuel bought for business
The advisory rates published on our website are accetable to use as they are an accurate and fair way of working out the fuel element of the 45p per mile paid to the employee.
Advisory fuel rates -
RE: Recovering import VAT using C79 with the old EORI number
Hi.
If you imported goods after your registration date but you were unable to use the correct EORI number as you had not received the new VAT number then you should have used a non VAT registered EORI number to import the goods and then recclaimed the VAT on the first return on the basis of the import evidence.
If you have used a different VAT registered EORI number then only on this VAT number would you be entitled to recover the import VAT incurred.
I would suggest contacting the shipping agent to complete a post import amendment whereby they can modify the import using your correct VAT registered EORI number.
For information about import amendments please contact our Customs contact Team :
Imports and exports: general enquiries -
RE: Complex E-commerce VAT Query
Hi.
The first two statements are correct.
I would not know who the importer of the goods is as this will be stated on the import declaration.
The important point about who the importer is that the importer of the goods is the person who owns the goods when the goods come in to the UK.
If the UK customer owns the goods in the UK then you are not making a UK supply to them as you don't own the goods in the UK.
If you are the importer then you own the goods in the UK and so there is a supply from you to the final customer in the UK even though you might not physically ever have the goods at your disposal.
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RE: SDLT additional 3% when owning investment property
Hi
Thank you for your question.
Stamp duty is not covered in this forum.
You should contact the HMRC stamp duty taxes line - 0300 200 3510.
I have attached some guidance that may go some way to helping you find your answer.
Stamp Duty Land Tax
Introduction to Stamp Duty Land Tax (SDLT): Contents -
RE: Tax relief for new build flat
Hi
Thank you for your question.
I would enter items 1 and 2 in box 29 'other allowable property expenses' along with electricity and council tax expenditure.
Fees relating to inventory fees to letting agent and tenancy agreements,ground rent and service fees would be placed in box 27 'legal,management and professional fees '.
To summarise all expenses solely used in carrying out of this business incurred before the tenant moved in are allowable as pre letting expenses.
This costs is incurred as it happened on the first day your rented the property out.
I have attached general expenses listed in the property income manual:
Deductions: main types of expense -
RE: Deed of Assignment- Split rental Income with Spouse
Hi
Thank you for your question.
Question 1 - You do not need to submit a form 17 if the property is not jointly owned.
You will not need to submit a copy of the deed of assignment, however you should keep one safe if it is requested by HMRC.
Question 2 - The Deed needs to clearly show the split both parties names, signed by both parties.
It should be witnessed and have an effective start from date.
Question 3- Expenses such as running costs and maintenance can be apportioned between both parties from the effective from date.
However the mortgage interest can only be claimed by yourself if the mortgage is in your name and you are the 'owner' of the loan.
You cannot apportion mortgage interest relief unless the mortgage is in joint names.
Please refer to this link in the savings and investment manual.
Relief for interest paid: general conditions: the claimant -
RE: Rental property income tax after probate received, before transfer of ownership
Hi
Thank you for your question.
We have specialist teams within HMRC which deal with deceased persons estates and other general information relating to administration periods. Information is provided within the links.
You may be best calling these departments for more detailed advice.
Bereavement and deceased estate
Trusts -
RE: assign 50% beneficial interest to spouse
Hi
Thank you for your question.
You should complete declaration of trust before the property is sold , a form 17 is not needed as you are the sole owner of the property. -
RE: Questions about legal and professional cost of subsequent letting
Hi
Thank you for your question .
Yes these can be shown as allowable expenses. -
RE: A let property in own name, but let by a company
Hi
Thank you for your question.
When specifying owning the rental property and letting you limited company trade out of the property, a formal rental agreement would need to be worked out as if they were letting to a different party.
Would the limited company hold any share in the property and if so, is this either through a deed or proper?