Business Expenses » Rent half of apartment for company needs » Go to message
Hi again,

Here is some technical guidance - I trust this will be of some help.

"If I am reading this correctly, the director is buying a flat in the country where he resides. If he then sets aside one bedroom for business purposes, he will be able to charge the UK company for using “home as office”, which will entail claiming heating/lighting etc. on a pro rata basis.

If he googles “home as office” he will get quite a few helpful hits, including HMRC and one from an accountancy firm that included a calculator which may be useful."

Regards
Business Expenses » Rent half of apartment for company needs » Go to message
Hi skoshkarev,

Your enquiry has been submitted for technical guidance and a response will be posted in due course.
Tax returns » Viewing calculations on tax return » Go to message
Hi Gass,

Thanks for your query - you will need to log into your account to view an accurate statement as payments on account will not appear at the time of your tax return submission. You do not make any adjustment to your tax return in respect of payments made - they are not allowable expenditure and there is no place or box on the return where you should record them.

Regards,
How to register and pay for your taxes » Register as Self Employed as foreigner » Go to message
Hi Hanna,

Please see the questions below from our VAT technician and let me have your reply as soon as is practicable.

"Could you please answer the following questions to help me resolve your query:

What type of service are you providing?
Which country are you located in when you provide the service?
Do you have a business establishment in the UK and/or France?
Are you currently registered for VAT in the UK?"

Thanks
How to register and pay for your taxes » Register as Self Employed as foreigner » Go to message
Hi,

Please see below the reply from our Self Assessment technicians to the first 4 points raised - a reply regarding the VAT query will follow.

"If you will be UK resident then you would be required to register as self-employed and file a tax return. There is tax residence indicator that can be done online on gov.uk to determine your residency position and information on this is available here

https://www.gov.uk/guidance/hmrc-tools-and-calculators#residence and https://www.gov.uk/government/publications/rdr3-statutory-residence-test-srt

Depending on the level of your self-employed profits you may be required to pay national insurance as there is no exemption for being a student.

Information for registering as a self-employed and for national insurance is available on gov.uk as follows:

https://www.gov.uk/set-up-sole-trader

https://www.gov.uk/national-insurance

https://www.gov.uk/self-employed-national-insurance-rates"

Thanks
Legal Structure » Incorporation of a Partnership » Go to message
Hi, Please accept my apologies for the delay in posting this reply - here is the response from our technical advisor:
"Briefly, under both scenarios the transactions would be caught by FA2003 s53 deemed market value where transaction involves connected company; none of the exceptions from the deemed MV rule [FA03 s54] apply. This means the MV is the minimum chargeable consideration figure before any available relief.
You don’t say if the partners are individuals, I assume they are, in which case FA03 Sch15 Para 18 would then apply to effectively provide proportionate relief on the change in ownership. The amount of relief depends on the relationship of the partners (ie if connected persons) and the somewhat complex calculation is set out under Para 20. Where the partners are all bodies corporate then Para24 sets out the applicable statute for calculating any apportioned relief."

Regards and thanks
How to register and pay for your taxes » Self-assessment » Go to message
Hi,
You should be able to add the service to the existing account - follow this link for help...

https://www.gov.uk/log-in-register-hmrc-online-services

Regards and thanks
Buying and selling abroad » Import from China » Go to message
Hi Liliana,

Please see Public Notice 702 (Imports) paragraph 2.2 on how VAT is charged and collected.

https://www.gov.uk/government/publications/vat-notice-702-imports/vat-notice-702-imports

This forum only has technical expertise to answer the VAT questions covered in the Public Notice referred to in the above link. For queries on customs procedures please call 0300 200 3700 and speak with an excise colleague.

Regards and thanks,
Tax returns » Type of Return » Go to message
Hi Kelly,
The company has to file online and if it has a turnover of £632,000 or less, (£316000 or less in Balance Sheet), 10 employees or less ) this allows for simpler accounts to be filed, but the screens for online filing cannot be changed. The screen will ask for the required information, depending on the company’s response to each query. The starting point is that the Company has to have a fully balanced set of accounts, the information from which is then entered onto the CT600. If the required information is not entered, then the system will not allow completion to go any further.
I hope this has helped clarify matters for you.
Regards,
Starting up » Clarification on Corporation Tax » Go to message
Hi Ifey,
The company will be registered with HMRC Corporation Tax directly from information supplied by Companies House.

A letter (CT41G ‘Information for new companies’) will be issued to the registered office address shortly after incorporation giving further information. It will explain what to do next if the Company is active/trading or not.

The link below gives information/definitions re when a company would be considered active or dormant.

https://www.gov.uk/guidance/corporation-tax-trading-and-non-trading

If you do not consider the Company to be trading or likely to start trading in the near future, then you would write to CT Services or contact the CT helpline to advise that the company is dormant.

Regards
How to register and pay for your taxes » Payment of tax certificate. » Go to message
Please bear with us as we have sent your query for technical advice.
How to register and pay for your taxes » Register as Self Employed as foreigner » Go to message
Hi HannaB,

Thank you for your post - we have sent you a private message, so please check and respond accordingly.
Buying and selling abroad » Import from China » Go to message
Please bear with us whilst we seek technical guidance for your post
Tax returns » Type of Return » Go to message
Please bear with us whilst we seek technical guidance for your post
Starting up » Clarification on Corporation Tax » Go to message
Please bear with us whilst we seek technical guidance for your post.