HMRC Admin 21 Response

Hi Kathryn8765
That is correct.
Thank you.

 

Hi mimi3737,
If you find that a change in your income takes you over the £100K limit, or that an error was made in your previous calculation, contact our Child Benefit team by webchat or phone via: Child Benefit: general enquiries, who can advise you further.
Thank you.

Hi,
Please refer to: BIM33310 - Stock: trading transactions in: ways of disposing of or acquiring stock.
Thank you.

Hi,
If your code is on a cumulative basis, you should be gradually repaid this over the course of the tax year. Otherwise, any tax overpaid will be repaid after the tax year has ended.
Thank you.

Hi,
It is based on the difference in value at time of purchase to date sold. You can then claim private resident relief for the period you lived in it to reduce the tax due - Private Residence Relief (Self Assessment helpsheet HS283)/HS283 Private Residence Relief (2024).
Thank you.

Hi 
Corporation tax is self-assessed and HMRC cannot give tax planning advice. 
HMRC cannot give a definitive answer what kind of expenses are occurring and how you would like to treat them.
If there is uncertainty in the guidance, you may wish to review non statutory clearance.
Find out about the Non-Statutory Clearance Service.
They may be able to help you clear up any gaps in the guidance. 
Thank you.

Hi,
HMRC cannot give tax planning advise, as it is self-assessed. 
This is the guidance on what would count as a director’s loan:
CTM61500 - Close companies: loans to participators and arrangements conferring benefit on participator: contents
If you need support, you may wish to speak a taxation advisor/accountant. 
 Thank you.

Hi,
Corporation tax is self-assessed and HMRC cannot give tax planning advised. You would need to review the treaties under Tax treaties, for Algeria.
Thank you.

Hi karen,
On the return in box 780 you would only record the losses that arose in that period. Unless you are utilising the losses in the return you do not put down losses from previous years. 
These will be in your competitions, there will be a loss account, that shows losses brought forward, losses arisen in the period, how/if they have been used then the amount carried forward. If you are using HMRC filing software the loss account is usually at the bottom of the computations. If you are using another software, you may need to speak to the provider as there is no standardised lay out. 
Thank you.

Hi,
If you have noted HMRC that you are dormant for CT purposes, then you will not have to file. The accounting periods dates will no longer exist. once you become active, we will set up the accounting periods in line with your instruction. 
We cannot comment on Company’s House (CH), as it is a separate government entity. 
When you register the accounting periods are automatically set up to be 12 months from that date, with a short period to the end of the month. You are free to notify us and CH if you want these changing. However, as you are dormant, you should notify HMRC of your desired accounting periods once you become active, as we do not hold any periods whilst your dormant. 
Thank you.