HMRC Admin 8 Response
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Re:Income tax on overseas cash gift
Hi,
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest and
Tax on dividends
Thank you. -
Re:IR35 queries
Hi,
We may requirefurther information regarding this.
Please contact the IR35 helpline on 0300 123 2326.
Thank you. -
Re: Business Tax Question
Hi,
After 5 years we will contact the company to review the dormant status.
Provided the company can demonstrate it continues to be dormant, the status can be extended up to a further 5 years.
Guidance on what is dormant for Corporation tax can be found on our website at:
Dormant companies and associations .
You can tell us your company is dormant for Corporation Tax at:
Tell HMRC your company is dormant for Corporation Tax
Thank you. -
Re:UTR & Registered Business Address
Hi,
The UTR must go to the Registered office address.
Thank you. -
Re:Shareholder expenses
Hi,
As per Section 54(1)(a) CTA2009 No deduction is allowed for expenditure not incurred wholly and exclusively for trade purposes
More information on expenses and benefits for employers can be found here:
Expenses and benefits for employers
Thank you. -
Re:UK Establishment of a foreign company
Hi,
Information on how to apply for an agent services account if you're not based in the UK can be found here:
Apply for an agent services account if you're not based in the UK
Thank you.