HMRC Admin 8 Response
-
Re:Employment Allowance
Hi,
Employment Allowance is up to £5,000 and the amount credited will only be £3,500 if your annual employer NIC bill is £3,500.
You will not be given a credit for any unused alowance.
Thank you. -
Re: Working abroad as Ltd
Hi,
Depending on the nature of the services being provided by your company (Company Z) and the length of the contract in Trinidad, it may have a ‘permanent establishment’ (PE) there in accordance with Article 5 of the UK/Trinidad and Tobago Double Taxation Convention (DTC).
If that is the case the profits attributable to the PE would be taxable in Trinidad.
The UK/Trinidad and Tobago DTC can be found at:
UK/TRINIDAD AND TOBAGO DOUBLE TAXATION CONVENTION SIGNED 31 DECEMBER 1982
If a PE does exist then please see:
IINTM281010 - Foreign Permanent Establishments of UK Companies: introduction: overview for further information on how this affects the UK tax position.
However, it is also possible that the salary you receive from Company Z may be taxable in Trinidad if you are present in Trinidad for more than 183 days in the fiscal year concerned and Company Z does not have a PE in Trinidad.
This is covered in Article 15 of the UK/Trinidad and Tobago DTC.
Thank you. -
Re:Ltd invoicing client in USA
Hi,
The IRS has a similar form for entities, known as a form W-8BEN-E.
You can find this form and instructions for completing it at:
About Form W-8 BEN-E
Thank you. -
Re:Should i pay corporation income tax in UK, when having business in British Virgin Island ?
Hi,
Please be aware that this forum is not a medium to obtain tax 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.
There is HMRC guidance relevant to your query that will help you decide whether the company is liable to UK tax:
HMRC guidance relating to UK permanent establishments can be found at:
INTM266120 - Non-residents trading in the UK: Treaty permanent establishment
HMRC guidance on whether UK activities are considered auxiliary or preparatory in nature is at:
INTM264460 - Non-residents trading in the UK: permanent establishment: domestic and treaty law: fixed place of business: activities specifically excluded within the definition of permanent establishment
HMRC guidance on whether there is a charge to UK tax under domestic law is at:
INTM262300 - Non-residents trading in the UK: Is there a charge under domestic legislation: Domestic charging provisions
If you determine that the company has a UK permanent establishment, you will need to register your company with Companies House:
Register as an overseas company
If you need further information or advice in relation to this matter, you will need to contact a financial adviser, such as an accountant.
Thank you.
-
Re:Interest income above £2000
Hi,
£2000 would refer to dividends, both UK and foreign. Where the combined dividend exceeds £2000, tax will be payable on the balance over this amount:
Tax on dividends.
Savings interest may be taxed above £500 or £1000, depending on the level of your income.
Have a look at:
Tax on savings interest
Thank you -
Re:Impact of Energy Bill Relief Scheme on claiming expenses for self employed
Hi,
Payment from the energy bill support schemen is not taxable and should not be included in a tax return.
Thank you. -
Re:Inheritance Tax on a small farm
Hi,
Please have a look at:
How to value an estate for Inheritance Tax and report its value
It will tell you when to send full details of the estate’s value even if no tax is due.
Where the estate does not meet the criteria for sending details of the estate's value, then there is nothing more that you need to do.
Thank you. -
Re:applying UTR online
Hi,
If you are unable to submit your registration online then you would need to either download and submit the paper registration or contact HMRC: Self Assessment: general enquiries
Thank you.