HMRC Admin 13 Response
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RE: NETP or UK Established Business
Hi HMRC will only accept that a business is established in the UK if the business is incorporated with Company's house and it does receive supplies at it's registered office. Although there is no precise definition of what these business type supplies would be, the supplies would have to be of a kind that helps or allows the business to trade. The receipt of correspondence for example would not be deemed 'a supply'. Thank you -
RE: How do I include a C79 on a VAT return
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RE: Change of existing rental property to joint ownership
Hi
If your individual share of the rental income for the tax year exceeds £10,000.00 (i.e., before allowable expenses), or your individual share of the rental profit for the tax year exceeds £2,500.00 (i.e., after allowable expenses) then you are required to register for Self Assessment and send a Self Assessment tax return to report your income and pay any tax that may be due.
You should register before the 5th October following the end of the tax year. To register, please visit: Check how to register for Self Assessment.
If your income / profit falls below the limits mentioned above, you can report your rental income to HMRC in writing without completing a Self Assessment return.
The address to write to is: Pay as You Earn and Self Assessment, HM Revenue and Customs, BX9 1AS
If you write to us, please provide details of your total rental income, and a list of any allowable expenses you’ve claimed when calculating your profit.
For help calculating your taxable profit, please visit Work out your rental income when you let property.
If you and your wife have unequal beneficial interests in the property and are receiving anything other than a 50/50 share of the rental profits, then you can use our ‘Form 17’ to declare your unequal shares Declare beneficial interests in joint property and income
Thank you -
RE: Correcting previous years payroll EYU/FPS Adjustment
Hi Please call the Employer Helpline on 0300 200 3200 to discuss further. Thank you -
RE: Clarification Regarding Tax Obligations for Dissolved Company
Hi Dissolved companies no longer have any obligations. As the company has been dissolved we are legally unable to provide any information regards the company. Thank you -
RE: Closed Converted Company - Corporation Tax
Hi
If the company has converted to a charity, they should contact us and we can deal with the conversion, if applicable.
Charities may still need to file returns even when converted.
The Director needs to either:
write into us at CT Services
HMRC
BX9 1AX or
call 0300 200 3410
Thank you -
RE: Closing a ltd company
Hi
The Director needs to either:
write to us at CT Services
HMRC
BX9 1AX or
complete the online G-Form through their Business Tax Account (BTA) or
call 0300 200 3410
Thank you -
RE: Election for foreign losses to be allowable
Hi,
For the loss, this needs to be used against any in year gains so you will need to report both to confirm the details.
Thank you. -
RE: Do I need to pay VAT for unrealized sales? How can I bind a business tax account bound by someo
Hi Flora,
You would have to speak to our Annual Accounting Team as regards the interim payments of £500 which you are due to make.
Please contact our Helpline on 0300 200 3700 who will be able to redirect you to the Annual Accounting team to discuss the issue.
As regards the online issue please speak to our Online Services Helpdesk on 0300 200 3600 who will be able to resolve this for you. Details are also at Technical support with HMRC online services
Jay thank you for trying to assist with your helpful post. I have changed the HMRC website details to hyperlinks.
Thank you