HMRC Admin 13 Response
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RE: Is corporation tax payable on money (from my personal account) I seed my Ltd company with?
Hi,
Guidance on when you lend your company money is available on our website at: Director's loans: If you lend your company money
Guidance on loan relationships is available at CFM30000 - Loan relationships: Contents - HMRC internal manual
Thank you -
RE: CT600 losses b/fwd and deductions allowance
Hi,
There is a restriction on the total amount of some types of carried forward loss that you can use against your profits.
To find out more about the restrictions to carry forward trading losses and the restriction to property business losses and how to record these on form CT600 please refer to:
Carry forward Corporation Tax losses
Thank you -
RE: Using basic PAYE tools on multiple devices
Hi,
Basic PAYE tools - is basic – it is not designed to be used on multiple computers. Each install on a computer is its own unique instance, so actions taken on one computer would not be updated on the other computer.
If you need payroll software on multiple computers or multiple users then you would need a more advanced payroll software than what Basic PAYE Tools provides.
Thank you -
RE: UK Tax Complainces for A Non Resident UK Seller
Hi,
Why is the company registered in the UK if there is no presence or trade carried out in the UK?
You should seek the advice of a financial advisor or accountant regarding this.
If the company is registered in the UK at Companies House then it will be required to file Corporation Tax returns and pay Corporation Tax here unless it is also registered abroad, paying tax there on its foreign trading activities, and claiming a foreign residency.
Thank you -
RE: R&D claim delays
Hi,
Unfortunately, the only avenue for progress chasing your R&D claim is via the mailbox: rd.incentivesreliefs@hmrc.gov.uk
The email address is correct and we are not aware of any issues with receiving emails. If the problem persists please write to us with full details and screenshots of the error message.
Please note however that CT Services has no other route to R&D.
Thank you -
RE: permanent overseas establishment
Hi,
While it sounds as if the German company would simply have an employee in the UK you should seek advice from an accountant or financial advisor regarding the tax implications.
Thank you -
RE: Clarification on directors' loans
Hi,
As previously advised HMRC cannot offer accounting advice on the treatment of loans to the company.
You should seek the services of an accountant or financial advisor to assist with your query.
Thank you -
RE: Working from Home - Electricity and Gas
Hi, It is up to you to find a way to calculate the amount spent on gas and electricity you use based in proportion to the work area and hours worked. If you cannot find a way to do this, then you cannot claim the expense. Thank you