HMRC Admin 8 Response

Hi,
No.  The carried forward loss is applied against the next gain in a future tax year, with any remainling losses carrief forwards.  
It is not possible to jump a tax year:
CG15800
Thank you.

Hi,
You will   need to look at both the lists in conjuction with RDRM11150
Thank you

 

Hi,
Please call our Helpline on 03002003700 so that we can resolve this for you.
Thank you.

Hi,
If you are a freelance photographer in the EU and you provide your services to business customers in the UK then you will not and can not register for VAT in the UK as  VAT will be dealt with by the business customer under the reverse charge mechnism.
You will only need to register in the UK for B to B supplies where the supply does not come under the general Rule of services eg for supplying an admission to an event in the UK.
The guidance says that if you make any supply in the UK then you will need to register for VAT as an NETP.
You only need to register for VAT in the UK as an NETP where you  make supplies in the UK and the service isn't accountable by the customer under the reverse charge procedure.
Thank you.

Hi,
A VAT invoice would need to be raised within 30 days of a tax point arising and a payment received befor a supply would produce a tax point.
Please see the guidance below:
VAT invoices
Time of supply (tax point) rules
Thank you

Hi,
Please see section 2.1 of the following guidance:
Installations of energy-saving materials
Thank you

Hi,
You can go back to your customer and charge VAT, however if the service has already bee supplied and you charged them a net  feen then they are under no obligation to pay it.
If you had to invoice your customer while you were waiting for your VAT number to be processed then the folloeing guidance explains that procedure:
Accounting for VAT
Thank you.

Hi,
As previously advised, please be aware that this forum is not a medium to obtain tax planning advice from HMRC.
Companies are required to 'self-assess' their tax affairs, and HMRC guidance is available to aid with decision-making.
This includes making judgments about whether a company is within the charge to UK tax.
Ultimately, it is up to you/your accountant to make decisions, with reference to the appropriate guidance, being in possession of the full facts.
It may be more appropriate to write to Corporation Tax Services, rather than this forum.
If you do write to HMRC, please provide your personal details and those of your company.
HMRC will rely upon you giving full and accurate information, before commenting further.
Again, HMRC will refer you  to the appropriate guidance, but ultimately under 'self assessment',  you will need to determine your tax obiligations.
Thank you.

Hi,
The question is unclear. If this is a loan from  the company to a  director, Legislation in relation to loans to participators can be found from S455 CTA2010 onwards.  If it is a loan to the company, there is no corporation tax implications.However, you may be liable for income tax on any interest received on the loan.
Thank you.

Hi,
A company can have ceased trading, but still have assets to dispose of. This may give rise to a Capital Gain or Loss that is required to be reported to us on a CT600.
You should ensure all business related matters are dealt with prior to applying for the strike-off of your company.
Thank you.