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  • RE: IOSS

    Hi Peter D, 

    Please following the link for information on how IOSS will work in the UK:

    EU VAT e-commerce package

    Thank you. 
  • RE: Import of Goods from EU BOX7 & Box 9

    HI,

    Goods that are imported into the UK from EU, would now be declared in box 7, purchase value. 

    The import VAT would go into box 4, unless using the postponed VAT scheme, in that case import VAT is declared in boxes 1 and 4.

    If you are selling to EU then no VAT is declared in box 1, you would declare the sale value in box 6. As we are no longer in the EU, boxes 8 and 9 are not completed.

    Please find full guidance here: 

    How to fill in and submit your VAT Return

    Thank you. 
  • RE: IOSS

    Hi Andy newby,

    We have not been advised when this will go live as yet, we did think it was going to be the 1st July.

    As a UK company you can register in another EU state for service:

    EU VAT e-commerce package

    Thank you. 



     
  • RE: IOSS

    Hi,

    The IOSS in NI has been activated, so currently as a UK business you can sign up for IOSS in another EU state.

    HMRC have not been given a date of when the NI IOSS service becomes live. I do apologise for the inconvenience this is causing your business. 

    Updates can be found on gov.uk:

    EU VAT e-commerce package

    Thank you. 
  • RE: VAT on DDP sales

    Hi,

    In order to recover UK import VAT you would need to be registered for VAT in the UK. 

    If you do not wish to recover this through your business in EU that is your choice. Please follow these links for further guidance:

    Who should register for VAT

    Refunds of UK VAT for non-UK businesses or EU VAT for UK businesses

    Thank you. 
  • RE: Purchasing investments through Ltd Company

    Hi,

    Companies can make investments as they see fit.  However, the extent of investment may affect the status of the company which in turn may have implications on the taxation of the company.  CTM20320 et seq provides some guidance but I suggest you seek advice from an accountant or tax agent.  HMRC cannot offer tax planning advice.

    CTM20320 - ACT: set-off against CT on profits

    Thank you. 

     
  • RE: Non UK Employer (no uk presence) payroll reporting and tax liabilities

    Hi, 

    Assuming that the employees will not be working for a UK host employer (CWG2 para 4.5.2); the non-UK employer (based in the EU) would need to establish if the employees are covered by any of the following:
    • Withdrawal Agreement
    • Trade and Co-operation Agreement
    • Ireland-2019 agreement
    If the employees are covered by any of these, then the EU based employer must register for a NI only scheme to report and pay primary (employee) and secondary (employer) National Insurance contributions and the employees would deal with their own tax via a Self Assessment tax return.

    Alternatively, the employer can volunteer to operate a full PAYE scheme, meaning employees would not need to report/pay their tax on a Self Assessment tax return. However, a full PAYE scheme (both tax and NIC) is required if the employees are being provided with taxable/reportable expenses and/or benefits as forms P11D & P11D(b) will be required. 

    If the employees are not covered by any of the agreements mentioned above, the EU employer would not have a secondary (employer) NI obligation. Then the individuals would need to register for a DPNI (tax and employee NI only) or DCNI (employee NI and tax via Self Assessment). Please note that this would be one scheme per employee.

    Alternatively, the non-UK based employer can operate a voluntary PAYE scheme for all employees and report/pay their tax and employee NI liability instead.

    Regarding your query on the requirement for a Workplace Pension, please contact the Pensions Regulator:

    The pension regulator

    If you require further advice please contact the HMRC Employers Helpline and ask to be referred to a technician:

    Employers: general enquiries

    Thank you. 
  • RE: Qualifying Loan

    Hi, 

    Guidance on qualifying loans can be found here:

    Qualifying loans

    There is also guidance on the exemption for some qualifying loans:  

    Exemptions for some qualifying loans

    If the loan is not considered a qualifying loan, then normally, it would be treated as a taxable benefit and be reported as such.

    Thank you. 
  • RE: Relocation expenses over £8000 - Include VAT reclaimed?

    Hi,

    Yes, you would report the costs including VAT.

    Thank you.
  • RE: Remittance Basis

    Hi,

    If you require further clarification please contact HMRC to speak to an advisor:

    Self Assessment: general enquiries

    Thank you.