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Deduction of VAT relating to foreign branches – update
We submitted a response to HMRC in April on the proposals to restrict the deduction of VAT incurred in the UK but relating to foreign branches or establishments on 1 April 2015.
Scotland update – the Scottish rate of income tax: draft technical guidance on Scottish taxpayer status
The Scottish Rate of Income Tax: draft technical guidance on Scottish taxpayer status HMRC published their first set of guidance in June on the Scottish rate of income tax (SRIT), which will take e
AIA – arithmetical intricacies amendable?
An article in the May 2014 issue of Tax Adviser explained how the transitional rules would affect the calculation of the maximum annual
Scotland update – independent Commission for Competitive and Fair Taxation in Scotland
The CIOT has made a submission in response to the call for evidence issued by the Commission for Competitive and Fair Taxation in Scotland, which was set up by Ruth Davidson, the leader of the Scot
Residential lettings – the new replacement expenditure relief
In July, HMRC published a consultation document on proposals for replacing the existing 10% wear and tear allowance for fully furni
Place of supply of services – HMRC Notice 741A
HMRC published draft changes to Notice 741A but, as a result of comments received, have delayed publication of a change notice and have asked for further input.
The summer Budget – tax credits, the living wage and effect on household incomes
In the summer Budget delivered in July, the Chancellor announced sweeping cuts to the tax credits system.
‘Making Tax Easier’ and digital tax accounts
At spring Budget 2015 the Chancellor, George Osborne, announced the ‘end of the tax return’, and HMRC published ‘Making Tax Easier: The end
OECD BEPS Project – latest round of stakeholder input
The latest (and final?) round of OECD discussion drafts for public comment on the BEPS project were released in May and June.