HMRC Admin 10
Joined: 11/22/2019
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Re: Gardening
Hi
As long as these items are wholly used for the letting property, the cost will be allowable.
Please see this reference in our property income manual :
Property Income Manual
Regards. -
Re:Personal Tax Allowance £12500
Hi,
we are unable to check any individual records from forum posts so cannot advise what has been done with your repayment.
HMRC have never been able to transfer payments to a non-UK bank account.
A lot of non-UK banks will accept a payable order/cheque from the UK when you are paying it into an account.
It may be the bank's policy which has changed.
Regards. -
Re: Capital Expenditure - Taxi
Hi
If the taxi has been claimed proportionally each year then it will be at a set amount.
Without viewing your records, I cannot confirm what percentage the accountant was using, you may need to contact them and find out.
You can look at our helpsheet on capital allowances and this may provide you with more detail about the actual calculation:
Capital allowances and balancing charges (Self Assessment helpsheet HS252)
Regards. -
Re: Business travel expenses
Hi
Yes, it's an allowable business expense as they would've been making the genuine business journey regardless.
Regards. -
Re: Reclaiming Tax Deducted on PPI repaid this year
Hi there.
Your tax code notice should state what this figure is for.
We are unable to access your records on this forum so if you need further advice you will need to contact our Taxes department who can advise you.
Their contact details can be found here :
Income Tax: general enquiries
Regards. -
Re: Repayment by direct debit
Hi there.
I assume you are referring to filing a tax return for the previous - 2018/19 - tax year.
If so, any liability for that period would have been due by 31st January 2020.
Penalties are applied automatically by our system if there is an overdue amount on your record.
If you set up a formal Time To Pay arrangement before this date, either with our Debt Management department over the phone or using the online self-service , then once the outstanding amount is cleared as per the terms of your payment plan we will remove any penalties charged.
If you cannot pay your tax bill on time
If you did not formally set up this direct debit with ourselves, or if this was done after the payment deadline of 31st January 2020, then as you did not set up to pay your balancing payment on time we will have charged a late payment penalty of 5% of the total unpaid.
If this is the case and you wish to appeal the penalty, you can do so in writing.
A copy of the appeal form can be found by going to gov.uk and searching for "SA370".
If you have further questions, you can contact our Self -Assessment department:
Self Assessment: general enquiries
Regards. -
Re: Carrying forward losses/submitting costs in retrospect
Hi,
you can still make an adjustment to your 2017/18 tax return, but this will need to be done in writing.
Please see the guidance on gov.uk here:
Self Assessment tax returns
Losses from a business can be carried forward until used up by profits of the same business - there is no deadline on this.
If you are unable to use the losses fully within 4 years, they will still continue to be carried forward.
Whether you carry your losses forward or offset them against other income of the year is your choice.
Under the cash basis system you do not have the option to offset the losses against other income.
This helpsheet may assist you:
Relief for trading losses (Self Assessment helpsheet HS227)
Regards. -
Re: Travel expenses
Hi,
business travel costs will be allowable as long as the clinic is not a regular place of work.
This is up to you to make the decision on this.
Subsistence costs are not allowable for meetings.
Please see guidance within our business income manual:
Business Income Manual
and
Business Income Manual
Regards.
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Re: COVID-19 Extenuating Circumstances Non- Resident
Hi
we have only just been given updated guidance on residency in the current circumstances.
Please refer to this guidance:
Residence, Domicile and Remittance Basis Manual
This is the only update we have been given and will not be able to answer anything beyond this.
Regards. -
Re: Spread of Coronavirus and NT entitlement
Hi Martin,
we have only just been given updated guidance on residency in the current circumstances.
Please refer to this guidance:
Residence, Domicile and Remittance Basis Manual
This is the only update we have been given and will not be able to answer anything beyond this.
Regards.