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  • RE: VAT submission not showing on Business tax account

    HI,

    I am unable to access your record from this forum.

    I would recommend speaking to the Helpline about this so we can look in to your account to identify any problems:

    VAT: general enquiries

    Thank you. 
  • RE: Certificate of Residence for tax purposes

    Hi, 

    Solvenia should be accepting the letter of confirmation. This is why you will need to send evidence if they refuse so that HMRC can take this up with the relevant authorities for you.

    The letters are required to allow for the double taxation treaties to be enforced. 

    Thank you. 
  • RE: Register for Self-Assessment as non resident non citizen

    Hi, 

    The on screen, fill and print form lets you state you don't have a NINO and don't have a UK address. You won't be able to use the online form which looks to register you for an online account.

    Thank you. 
  • RE: EE refusing to supply VAT invoice/receipt

    Hi,

    As you state correctly there is a legal requirement to issue a VAT invoice by a VAT registered supplier to a VAT registered customer. The guidance states :

    'A VAT invoice is a document containing certain information about what you’re supplying. Paragraph 16.3 sets out the information you need to show. Your customers need VAT invoices as evidence for reclaiming, as input tax, the VAT you have charged them.'

    You do not, therefore, have to issue VAT invoices for zero-rated supplies.

    You do not need to issue VAT invoices for supplies to customers who are not VAT registered. In practice, this will probably mean issuing a VAT invoice to any customers who ask for one, as you will usually have no way of telling whether they’re VAT registered or not. You do not have to check that a customer is VAT registered before issuing a VAT invoice.

    If the suppliers are refusing to meet their invoicing obligations then I would recommend you reminding them again what their obligations are. These obligations are described here:

    VAT invoices

    However this would be a third party issue between you and the supplier and HMRC would not get involved in this type of situation. Again I would speak to the supplier and advise them that you have spoken to HMRC who are in agreement about their invoicing obligation. Beyond this however, we would have to say that it is an issue between you and the supplier and you may seek a legal route if that is required.

    Thank you. 
  • RE: House disposal through prize draw

    Hi, 

    HMRC would need to see the full facts (in writing) )to provide a a appropriate analysis of the overall transaction. You may want to seek independent professional advice.

    Here are some pointers and links to HMRC guidance:

    Operating a raffle is potentially a trading transaction and you may be liable to pay Income Tax on the profits from that activity:

    BIM20000 - Meaning of trade

    If the raffle is trading, the Income Tax rules allow a deduction for the market value of any asset put into the trade.

    Income Tax (Trading and Other Income) Act 2005

    So, if trading, then you will pay Income Tax on the value of the raffle tickets sold, less the value of the prize (when the raffle is launched) and any costs of operating the raffle. Appropriating the property into the trade would give rise to a deemed market value disposal for Capital Gains purposes under TCGA 1992, s 161(1)

    CG69200 - Appropriations to stock in trade

    However, the gain on the deemed disposal will be exempt under the main residence exemption in TCGA 1992, s 222 to the extent the property has been your only or main residence throughout your period of ownership:

    HS283 Private Residence Relief (2021)

    Donations to charity made by businesses that are claimed as a deduction against trading income must be made wholly and exclusively for the purposes of the business in order for a deduction to be due. Please see:

    BIM45072 - Specific deductions: entertainment: gifts: exceptions: gifts to charities

    There is more on general approach to the deduction of professional fees here:

    BIM46400 - Specific deductions: professional fees

    Yes, there will be appropriate sections on the tax return to report income and gains, derived from this activity, where required. Please see:

    BIM20000 - Meaning of trade

    Thank you. 
  • RE: Foreign income for

    Hi, 

    Any additional tax due on the dividends would either be at the basic rate or the higher rate, dependant on your level of income.

    Please see guidance here: 

    Tax on dividends

    Thank you. 
  • RE: The date of disposal for CGT

    Hi, 

    Additional guidance can be found here:

    CG14260 - Computation: rules determining date of disposal

    Thank you. 
  • RE: Certificate of Residence for tax purposes

    Hi, 

    A certificate of residence exempts the tax from being paid in one country.

    If both countries ask for this prior to the certificate being received, then the country requesting the certificate of residence should give credit for tax already paid to the other country. You may wish to speak to the Portuguese authorities regarding this. 

    Thank you.
  • RE: Certificate of Residence

    Hi, 

    You may wish to contact us direct to find out why this has happened.

    We would be unable to comment on why this has happened without access to your record. Please contact us here:

    Self Assessment: general enquiries

    Thank you. 
  • RE: car leasing expenses

    Hi, 

    You can't use traditional accounting and simplified expenses at the same time for the same car.

    You would be able to claim for the lease of the car as an expense. You can claim for two cars at the same time if they are both being used for business. 

    Thank you.