Technical

Technical
1 July 2017

LITRG explains changes this year to HMRC’s processes for renewing and checking tax claims.

Technical
1 July 2017

The CIOT has responded to HMRC proposals to explore a domestic VAT reverse charge for the provision of construction sector services.

Technical
1 July 2017

We have been speaking to HMRC about their recent ‘untaxed income’ nudge letter.

Technical
1 July 2017

The CIOT has challenged HMRC over its view on the application of the legislation to state and local taxes, saying that the draft guidance does not reflect the legislation, existing case law or the overarching policy behind the hybrid mismatch rules. HMRC’s view is also inconsistent with existing legislation and practice on double tax relief and the UK’s various treaty obligations.

Technial
1 July 2017

In March 2017 the government published a consultation document which considers proposals to bring non-resident companies within the charge to corporation tax in respect of income arising from UK real property and also gains which are currently taxed as non-resident CGT gains (NRCGT gains). The CIOT commented that we would prefer to see a strategic review of property taxation and that further work should be done on the Exchequer and economic impact of the proposals before any decision is taken.

Technical

Following consultation, the draft provisions introducing the cash basis for the calculation of the taxable profits of property businesses were included in Finance (No. 2) Bill 2017 at Clause 19 and Schedule 5. These provisions were dropped from the pre-election Finance Act 2017. At the time of writing we do not know whether (and from what date) the provisions may be re-introduced. However, as the proposed statutory cash basis for property businesses owes its origin, at least in part, to Making Tax Digital, it is reasonable to assume that it will be re-introduced. Therefore we continue to raise issues with HMRC based on the draft provisions.

Technical
1 July 2017

April 2016 saw new rules limiting home to work travel and subsistence expense relief for workers employed through an intermediary, such as an umbrella company. Even where such expenses could be allowed, other new rules restrict the ways in which umbrella companies can reimburse workers’ expenses. LITRG reviews how the April 2016 rules are operating in practice. Umbrella companies have had to adapt and you may start to see some interesting issues in practice as a result.

Technical

The review, led by Matthew Taylor (Chief Executive of the Royal Society of the Arts), was commissioned by the last government to consider how employment practices need to change in order to keep pace with new forms of work – in particular those driven by online platforms. In their submissions to the review, the CIOT and LITRG both highlight the importance of tax – something not formally within the remit of the review – in the debate.

Technical
1 June 2017

The CIOT has submitted additional written evidence and given oral evidence to the Finance and Constitution Committee in respect of its inquiry into a Scottish approach to taxation; we have also submitted a response to the consultation on the interim report of the Budget Process Review Group.

Technical
1 June 2017

Tax-Free Childcare started to accept claims from 21 April 2017 and will continue to roll-out during 2017. This article provides an update on who can claim and what it means for employer supported childcare schemes.