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Exemption from MTD

Jayne Simpson’s article in last month’s Tax Adviser summarised the grounds in respect of which exemption can be applied for.

Section 3 of Public Notice 700 /22 sets out the rules and provides examples for those who may be considering whether they could be exempt f

Last year, HMRC launched a wide-ranging consultation on the taxation of trusts.

HMRC’s ‘The Taxation of Trusts: a Review’ issued on 7 November 2018 set out the three principles that the government said should underpin the taxation of trusts: transparency, fairness and neutrali

In the Budget 2018, the government announced that it would introduce a UK digital services tax (DST) from April 2020; a consultation document followed.

The government is consulting on a SDLT surcharge on non-UK residents purchasing residential properties in England and Northern Ireland, to be legislated for in a ‘future Finance Bill’.

Since 2003, when ‘Crown Preference’ was effectively abolished, HMRC has been a non-preferential creditor in respect of all taxes in cases of insolvency.

Who does it affect?

The tax would affect manufacturers and importers of plastic packaging, which would mean increasing costs for all types of businesses purchasing these products.

This change to the tax treatment of job-related accommodation in the HFE sector was quietly announced by HMRC.

HMRC’s Collection of Student Loans (CSL) consultation group met on 26 February and the first item on the agenda was issues arising from updating the employee new starter checklist.