HMRC Admin 21 Response

Hi robert78,
We can only provide general information / guidance on this forum. For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at Contact HMRC or seek professional advice.
Thank you.

Hi Iain.Wang,
A self assessment tax return is used to declare an individual's entire world wide income and capital gains in a tax year.  In the tax year ended 5 April 2024, you would have employment income, as shown on your P45. You will also have self employment income and expenses.  On a paper tax return, you would complete SA102 (employment) and SA103 (self employment) as well as any other self assessment supplementary page that is appropriate.  If you have not registered for self assessment, you should do so, as self employer/sole trader (Set up as self-employed (a 'sole trader'): step by step).
Thank you.

Hi LittlEbear10 Bee,
How the property was acquired, is not a factor in calculating capital gains tax on the disposal of a property, so it does not matter whether you paid for it with cash gift of through savings or a mortgage and so on.  Capital gains will look at the acquisition cost (how much you paid for it) and the expenses incurred in acquiring the property (solicitor, estate agent even auctioneers fees etc).  The total of these costs are deducted from the disposal value, as well as the costs incurred disposing of the property.  Whatever remains is either a capital gain or a capital loss.  
Have a look at Helpsheet HS283 (HS283 Private Residence Relief (2023) on guidance for private residence relief. There is also a capital gains calculator at Tax when you sell property, to help you work out if there is a gains and how much it is.  You can save the calculation as a pdf file for your records and click next to register for a capital gains account, so that you can report and pay your capital gain onine, within 60 days of the completion date.
Thank you.

Hi Medallion Pond,
If you take up the opportunity of this self employment, based in Ireland, your self employment income from this job, will be considered foreign self employment income.  If you will be freelance/self employed/sole trader, you will need to register for self assessment as self employed, so that National Insurance can be calculated on your profits, where payable.  
You can register for self assessment as self employed at Set up as self-employed (a 'sole trader'): step by step.
Thank you.

Hi cp3,
If the share are of the same company and same kind, you can pool them together and use an average value for the acquisition cost.  This will be deducted from the disposal value, along with broker fees etc, to work out your gain/loss.  In this way it does not matter whether the share disposed of is older or newer than any other disposed at the same time.  This is known as a section 104 holding.  
Please have a look at the guidance at helpsheet HS284 for more information. Shares and Capital Gains Tax (Self Assessment helpsheet HS284).
Thank you.

Hi Rebecca Aldridge,
We cannot asnwer the Lifetime ISA section without knowing the position on the SDLT. You will need to check with the Stamp duty office first and then submit a further query to include their reponse.
Thank you.

Hi Del,
If you qualify for split year then you only report any foreign income for the UK part of the year RDRM12000 - Residence: The SRT: Split year treatment .
If you do not qualify then you will need to report all your foreign income to the UK Tax on foreign income.
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies. Also refer to Check if you need to send a Self Assessment tax return.
Thank you.

Hi ReginaldDuck,
If the customer is the importer of the goods over the value of £135 then you are not making any taxable supplies.
If you sell goods under £135 through a marketplace and the goods are sent directly from Gibraltar then you are not making taxable supplies.
Therefore there will be no requirement to register for VAT in these cases.
If the goods of any value are in the UK when sold and these goods are being sold via a marketplace then you will be making a deemed zero rated supply to the marketplace.
These zero rated deemed supplies are taxable supplies and will require you to register for VAT.
However you can apply for an exemption to reistration if you supplies are all or mostly zero rated.
Please see the guidance below, specifically section 3.11
3.11 When you might be exempt from registration
You may want to consider registration , however, if you import goods in to the UK before they are sold as it will allow you to recover the import VAT as input tax on your VAT return.
Thank you.

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Hi Retman,
You would normally have to register for VAT if you breach the Registration threshold.
However you can apply for an exception to registration if this is a one off sale.
Please see the guidance below, sprecifically section 3.7
3. Working out whether you need to register.
Thank you.

Hi John Peake,
The customer in Northern Ireland should not have to pay any additional VAT when the vehicle arrives in Nothern Ireland and the only VAT to be accounted for will by by your business under the second hand margin scheme.
Thank you.