HMRC Admin 21 Response

Hi RobertR78
If you provide IT services to a business which belongs overseas then this would normally be Outside The Scope of UK VAT .
The Place of supply rules determine where a supply is deemed to take place and so if you as a UK supplier performs these kind of services to a business which belongs overseas then it woulf be Outside The Scope of VAT.
Please see the guidance below:
6. The place of supply rules for services
Thank you.

Hi petemcintyre246,
You need to report them under either listed or unlisted shares. The computation sheet is to show how you worked out your gain and should be added to return as a pdf document.
Thank you.

Hi JamesMay75,
Round down to £84.75
Thank you.

Hi Simon,
Yes you would be informed of any penalties/surcharges.
Thank you.

Hi Mahesh,
You will not pay tax on the transfer of the capital. you only need to declare any interest or dividends that this then generates.
Thank you.

Hi Che Ho Keung,
You cannot file online using HMRC software and will need to buy 3rd party software - Self Assessment commercial software suppliers. please note, the whole return must be filed in together in the same format.
Thank you.

Hi Taxwealthand&consuptionNotincome,
No this is not an allowable deduction.
Thank you.

Hi Zac,
Hi.That would be correct.The supply would count towards your taxable turnover.
Thank you.

Hi Jazzman24Porter,
We can only confirm that if you are VAT registered then you must charge VAT on your sale.
HMRC can't dictate or comment on the amount on which the VAT is to be charged.
We also can't comment on how the marketplace deals with these sales and whether the final price is VAT inclusive or VAT exclusive.
Thank you.

Hi Kahlid,
Hi.I was commenting on the relationship between a business and the marketplace.
However the marketplace are in a better position to comment on the nature of their relationship with your business.
Thank you.