HMRC Admin 21 Response
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Re:Late VAT Registration
Hi Amazo,
We can't comment on or predict late registration penalties which a specific company may incur as a result of a late Registration.
Please see the guidance below:
1.Overview
Thank you. -
Re:UK Ecommerce VAT Legislation 2021 - Non Established Seller and OMP Dispute
Hi Amazo,
The rules regarding responsibity for accounting for output tax when a Non Established Business trades via a marketplace is clearly detailed in the guidance below:
Changes to VAT treatment of overseas goods sold to customers from 1 January 2021
HMRC do not instruct the marketplace as to whether a business is Non Established or not.
This would be decided by the marketplace after engaging with the customer and after providing any appropriate information required for them to make the informed decision.
Therefore it is essentially a third party dispute between the seller and the marketplace.
If you require further help please contact our online selling team at onlineselling.uk@hmrc.gov.uk.
Thank you. -
Re:VAT on digital services
Hi innachayka,
If the UK company are providing digital services to consumers overseas then these supplies would be Outside The Scope of UK VAT and therefore there will be no requirement to register for VAT.
If the supplies are made to consumers in the EU, however, there may be a requirement to register in the countries where these consumers belong or register for the Non-Union VAT MOSS.
Please see the infomation below:
The place of supply of digital services
Thank you. -
RE:View CIS Position
Hi DsnDave Dsn,
Thank you for your query.
It is not currently possible to view historical or outstanding CIS payments online – although we are looking to address this though our new Making Tax Digital, Income Tax Self-Assessment (MTD ITSA) service – which is currently in development.
To get the information you want, you would need to contact us by telephone – details can be found here: Construction Industry Scheme: general enquiries.
Thank you. -
Re:Calculate Capital Gains for shares for USA broker in USD
Hi Ivan Sidarau,
You can use any of the exchange rates that apply for that tax year - HMRC currency exchange average rates - GOV.UK (trade-tariff.service.gov.uk)
Thank you. -
Re:Can I pay HMRC ahead of receiving a tax demand?
Hi ahasuerus24,
Yes you can make a payment to your account which would minimize late payment penalties and interest charges Pay your Self Assessment tax bill.
Thank you. -
Re:Tax on gifts to children
Hi tyrlk Tyrrell,
1. if over £100, it is the parent
2. it depends on the amount/type of gain and as in the childs name, it would be the child who was liable
3. at 18 they are then an adult and any income/gains is taxed accoring to the personal allowances/rate applicable at that time.
Thank you.
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Re:is the repayment supplement (interest) received from HMRC taxable?
Hi voyager2vibrantcello,
No this is not taxable and you dont declare it as interest.
Thank you. -
Re:Money transfer
Hi MichaelaR,
There is no need to declare it as long as you are still UK resident at the time of sale as no tax is due. You would need to check the laws of the country you are moving to in respect of the transfer and any potential tax implications.
Thank you. -
Re:Direct Debit payment has not been taken
Hi Clair,
If the payment due from your payment plan has not been taken then you will need to contact our Debt Management Department to review Payment problems.
Thank you.