HMRC Admin 21 Response
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RE: Self assessment and joint bank accounts
Hi n99,
If you make it a joint account, any interest that is then received is split 50/50 and needs to be declared in the same way. as long as the total interest from all bank accounts (not ISA) is below £100, or £500 if higher rate, then no additional tax will be due.
Thank you. -
RE: Masters' Students Working Hours and Tax Process
Hi gloriaoluwabiyi,
No as you are using your own working week and as long as you stick to the 20hours you are ok.
Thank you. -
RE: HMRC VAT Repayment Frozen By Monzo and returned back.
Hi Costin Culea,
Please contact our Helpline so that we cam open up your records and investigate this.
Please see below:
VAT: general enquiries.
Thank you. -
RE: Income from Jointly owned property PIM1030 Bare Trust
Hi Jason,
Thank you for your question. Yes the rent could be paid into a 'trust' where the declaration of trust indicates the trust is the beneficial owner and is entitled to a percentage of the profits.
Thank you. -
RE: How to apply for MTD
Hi William,
Pleaase sign up for the MTD service on the link below.
If you don't already have a Business Tax Account please click on 'Create sign in details' below the green sign in option.
https://www.gov.uk/
If you have any issues please contact our Helpline:
VAT: general enquiries.
Thank you. -
RE: VAT for EU government client
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RE: Repayment Pending? It has been over 5 months
Hi Nathan P,
I am sorry for the delay in the repayment being issued. To review this we will need to access your record. You can contact HMRC to review at Self Assessment: general enquiries.
Thank you. -
RE: Paye employed in the 40% tax bracket + freelance all going into my sipp
Hi Amy R,
You need to do a tax return for this in order to declare both - Self Assessment tax returns.
Thank you.