HMRC Admin 21 Response

Hi,
If you arrived after 06/04/2015 then any foreign period is not applicable.
Thank you.

Hi,
Please have a look at help sheet HS305 at:
HS305 Employment-related shares and securities — further guidance (2024) Updated 6 April 2024.
Thank you.

Hi,
As the flights were invoiced to your client, your client paid for the flights.  
This cost should be included in the gross profit and and expense claimed.  
Your gross profit will determine if you meet the threshold for registering for VAT.
Thank you.

Hi edmund,
US government bonds, sometimes known as T-bills or treasury bills are generally taxed as income rather than Capital Gains.
The return is paid at maturity rather than regular interest payments.  
In the UK, these are known as deeply discounted securities, with the discount being the difference between the price at which they were issued and the price received at maturity.  
On a foreign investment the income is the difference between the purchase and redemption price after each has been converted to sterling on the day the transactions took place, so includes any foreign exchange gains.  
Losses cannot be deducted.
Have a look at:
SAIM3010 - Deeply discounted securities: introduction for more information.
Thank you.

Hi,
Article 11 of the UK / Turkey treaty confirms that as a UK resident, you would have to pay only 15% tax on the interest in Turkey.
If you have paid more, you should claim a refund from the Turkish tax authorities.  
In your self assessment tax return, you can only claim up to 15% of the tax paid in Turkey as a foreign tax credit.
Thank you.

Hi,
You would use the figures from the PVA statement to populate your VAT return, including the box 7 figure.
Thank you.

Hi,
If you are not established in the UK and are selling goods within the UK then you will be making taxable supplies and there would be a requirement to register for VAT upon the first sale made.
Please see the guidelines below:
9. Non-established taxable persons — basic information.
Thank you.

Hi,
When looking at the rolling 12 months turnover for VAT Registration purposes you would need to calculate the turnover in the last 12 months based on the tax point of the services supplied.
Please see the rules for tax points:
14. Time of supply (tax point) rules.
Thank you.

Hi,
Please speak with our Online Services Team on 0300 200 3701 who can help with this.
Thank you.

Hi,
The guidance states:
Where the seller of the business or part of the business is registered for VAT, the buyer must be one of the following:
Registered for VAT
At the date of the transfer be required to be registered for VAT because all of the conditions for compulsory registration are met.
Accepted for voluntary registration and the voluntary registration must be in place at the time that the transaction occurs, it is not enough to apply afterwards for backdated registration
Please see below:
2. How to apply the TOGC rules.
Thank you.