HMRC Admin 13 Response
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RE: Corporate tax query
Hi Rahul2024 prajapati
The company will prepare its accounts from 13 April 2023 to 30 April 2024 – this is the ‘Period of account’.
However, because corporation tax periods cannot be longer than twelve months it will be necessary to apportion the profits of the period of account to arrive at profits of the two accounting periods.
This is usually done on a time basis as you suggest.
Please see guidance available at:
CTM01405 - Corporation Tax: accounting periods: apportionment - HMRC internal manual
Thank you -
RE: Number of Associated Companies for Corporation Tax Purposes
Hi Jane Bartlett
For further information on 'Associated Companies' and 'Quartely Installment Payments for Large Companies' please refer to guidance at:
CTM92520 - CTSA: quarterly instalments: large companies - HMRC internal manual
Thank you
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RE: Claim tax relief for lease premium
Hi Dowe
We require more information before we can respond to your query.
Please advise on the following:
Does the company occupy the property, or sub-let the property, as part of its property business?
Or does it occupy the property for the purposes of a trade?
Or something else?
Thank you
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RE: Tax free for saving interest 2023/24
Hi SO8E SO
We cannot provide tailored advice on individual circumstances on this forum
Please see guidance and example at Tax on savings interest: How much tax you pay
Thank you -
RE: Negative amount on the tax deducted entry for 'In this employment'
Hi Matthew James
If you received a refund from the employer, after joining, then that employer would reflect the net tax deducted from you in that employment.
Please see the guidance at Self Assessment: Employment (SA102) notes pages Box 2on Page EN2 which will assist in the completion of your return.
Please ensure the correct box, for insertion of a negative figure, is completed.
Thank you
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RE: Emergency Tax Rebate from private pension drawdown - P50Z or P55 ?
Hi tiger69Pearson
If the section you are referring to is within “Your account details” then it is your bank account details that are inserted there.
If however you do not wish to receive the payment into your bank account and complete the “Your nominee’s details” it is their sort code and account number you would insert here.
Please only complete one section.
Alternatively if you are still encountering issues please Contact HMRC
Thank you -
RE: Specified Adult Childcare Credits
Hi chrismc
Unfortunately we cannot advise whether or not it would be beneficial in the circumstances provided. This would be a decision that you would have to make involving all of the family.
To assist please see the guidance at:
National Insurance credits: Eligibility and
Apply for Specified Adult Childcare credits
To check your State Pension entitlement and any gaps please sign up for
• your personal tax account
• the official HMRC app
Thank you
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RE: Specified Adult Childcare Credits
Hi AppleBlossom
As you have not received your pension and are over 4 months from receiving this you should Contact the Future Pension Centre
To check your State Pension entitlement and any gaps please sign up for
• your personal tax account
• the official HMRC app
Thank you
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RE: Capital Gains Tax on overseas property
Hi
Please see guidance at Tax when you sell property: What you pay it on and the following pages.
Thank you
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RE: First time buyer