HMRC Admin 13 Response
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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 -
RE: Import VAT
Hi,
As the import VAT has been incurred overseas then you would be unable to recover the VAT on your UK VAT return.
If you are the importer of the goods into third countries then you would need to recover the VAT from the respective countries.
Here is the guidance for recovering VAT from the EU:
Refunds of UK VAT for non-UK businesses (VAT Notice 723A)
Thank you -
RE: UK resident with US company
Hi,
If you are drawing a wage or salary from your company you will need to register for a direct payment scheme to report this and declare your payroll tax and national insurance.
Please call HMRC Employer Helpline on 0300 200 3200 or use the options available at Employers: general enquiries who can arrange to set this up for you.
Thank you -
RE: Italian living in UK, if I post my possessions over do I pay tax?
Hi,
Anything posted or couriered to you from another country goes through customs to check it is not banned or restricted and you pay the right tax and ‘duty’ on it.
This includes anything new or used that you:
• buy online
• buy abroad and send back to the UK
• receive as a gift
There are certain thresholds before which the custom charges applied, more information on below link: Tax and customs for goods sent from abroad: Overview
Thank you -
RE: Bringing personal items to UK from EU
Hi John,
Please see guidance on how to work out the customs value for Customs Duty, import VAT and trade statistics if you’re an importer or clearing agent.
Working out the customs value of your imported goods
Thank you Customs oldtimer for also posting his link which is the next step in the process.
Thank you -
RE: Bare Trust for Non Res remainder beneficiaries
Hi
Thank you for your question. To find out who should apply and what can be accepted by the NRLS please contact them, details can be found at Non-UK resident landlords
Thank you