HMRC Admin 26

Hi,

Your tax code may include an estimated underpayment from last year, which we would try and collect in your tax code this year. Once we have received all the end of year details we would review the tax calculation to confirm if that is correct or not.

You may wish to check with Income Tax if we have an estimated amount in your code:

Income Tax: general enquiries

Thank you.

Hi,

As you have already reported this issue to Companies House, we will be automatically notified of any changes Companies House make to the address.


Report a company using your personal details without your permission


You can also use this link to report fraud to HMRC:


Report fraud to HMRC
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If post is returned to us and the same address is showing at Companies House, we will put a note on your Corporation Tax record to prevent further correspondence being issued until the matter is resolved.


Thank you.

Hi,

Generally, a company is considered to be active for Corporation Tax purposes when it is, for example:

• carrying on a business activity such as a trade or professional activity
• buying and selling goods with a view to making a profit or surplus
• providing services
• earning interest
• managing investments
• receiving any other income

This definition of being active for Corporation Tax purposes is not necessarily the same as that used by HMRC in relation to other tax areas such as VAT, or by other government agencies such as Companies House.
It may also not match definitions in the various accounting conventions that are used to prepare audited accounts, such as the Financial Reporting Standards issued by the Accounting Standards Board, or the International Financial Reporting Standards issued by the International Accounting Standards Board.  


If you determine that the company is not active for Corporation Tax purposes and has not yet received a ‘notice to deliver a Company Tax return’ you can advise us that the company is dormant online.

If you’ve already received a ‘notice to deliver a Company Tax return’ you will need to file this online to demonstrate that the company was dormant for the period.    www.gov.uk/file-your-company-accounts-and-tax-return


Thank you.

Hi,


Please see here for guidance and examples on split year treatment :

Residence, Domicile and Remittance Basis Manual


Thank you.

Hi,


Details of non resident capital gains are at:

Capital Gains Manual

Thank you.

Hi,

The gain will be calculated on the difference in value between when you first owned the asset and when they disposed of it.

Please see guidance : Capital Gains Tax: what you pay it on, rates and allowances

Thank you.

Hi,


If you are using the cash basis then the income is treated as occurring when it is received -

See  Business Income Manual
 


Thank you.

Hi,

Please note that relevant date would be the date on which you made the payment - ie the date your bank account was debited.

Thank you

Hi,

Foreign income and gains are only taxed in the UK when they, or amounts ‘in respect of’ or amounts ‘representing’ those income or gains, are ‘remitted’ to the UK.

If foreign income and gains remain offshore and are never regarded as remitted to the UK, the tax charge is effectively deferred indefinitely.


Please see guidance here:

Residence, Domicile and Remittance Basis Manual


If the overseas account contains income or gains which have arisen while t/p is resident in the UK there is a potential tax charge when the account is remitted to the UK.

Thank you.

Hi,

There are no tax implications in transfering savings / capital from a foreign account to a UK account, however, you may be chargeable for income tax on any interest accrued from funds.

Thank you.