HMRC Admin 21 Response
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RE: VAT relief on house restoration
Hi lloyd,
If you renovate a property which has been empty for 2 or more years and you have the necessary evidence then the majority of the work should be charged at the 5% rate of VAT.
Please see below:
8. Reduced rating the renovation or alteration of empty residential premises
If you use a non VAT registered business and you purchase the materials yourself then you will not be able to recover this VAT unfortunately.
There is a DIY repayment scheme available but this would only be for the recover of VAT where the property has been empty for 10 or more years.
Any VAT registered contractor or subcontractor involved can charge 5% VAT on their labour and materials as long as they meet the conditions as above.
It is therefore advisable to use VAT registered contractors for this kind of reduced rated work.
Thank you. -
RE: Can I reclaim overpayment from a central assessment figure?
Hi Nathanwcan,
Yes when you submit the return which you have had the central assessment for then this assessment will be withdrawn and the monies paid back to you.
It is possible that a credit will be produced on your account and not repaid automatically and if this is the case then please contact our Helpline on 0300 200 3700 for us to release it to you.
Thank you. -
RE: VAT Fraud - Stolen VAT Number & no one seems to be able to help
Hi,
Apologies that this has happened and that as of yet this has not been resolved.
If a marker has been put on the account then the fraud team are involved and they will stop any repayments going out to the fraudster involved.
Please contact our Helpline again on 0300 200 3700 so that we can bring this issue to a close and allow you to set up your Business Tax Account thus allowing you to submit your VAT returns.
Thank you. -
RE: Allocation of prior and current year's losses again current year gains
Hi Dirk4705,
The £600 loss for 2024/25 must be used against any potential gain for 2024/25 even if that means you lose out on the annual allowance. Only at that point, any unused losses from 2024/25 can be carried forward. the return for 2024/25 is not yet available and as such we do not know the box numbers as yet.
Thank you. -
RE: Overpaid into two ISAs
Hi,
The 20k limit applies each tax year irrespective of how many accounts so you will still need to contact one of your providers to advise them of your error.
Thank you. -
RE: using flexibility of ISA when abroad/not resident anymore
Hi,
Please have a look at the guidance at SAIM2310 onwards regarding ISA's:
SAIM2310 - Interest: exemptions: tax-free savings income: ISAs, PEPs and CTFs
Thank you. -
RE: Basis period reform profit spreading period
Hi,
We can only provide general information / guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at Contact HMRC or seek professional advice.
Thank you. -
RE: inheritance tax and purchase
Hi,
The acquistion cost will be made up of 50% of the probate value at the time of inheritance and the sum paid to your brother for his 50%, assuming this is more than the probate value. If less than the probate value, you would use the probate value.
Thank you. -
RE: Still no UTR number
Hi Constantin Florin,
You will automatically be sent a Unique Taxpayer Reference (UTR) when you:
Check how to register for Self Assessment,
or
Set up a limited company: step by step
or
Set up a business partnership
If you have already registered for Self Assessment you can find out when you should receive your UTR:
Check when you can expect a reply from HMRC
Thank you. -
RE: Self assessment 2024-2025 deadline
Hi Ian,
You would normally receive your UTR and confirmation of your registration in around 3 weeks.
There may have been an issue with your registration - contact us by wechat or phone via
Self Assessment: general enquiries, and we can register you if necessary.
There is also the Online Service Helpdesk:
Technical support with HMRC online services
Thank you.