Technical

Making Tax Digital for VAT updates

Technical
Emma Rawson, Jayne Simpson |
1 December 2019

A round up of recent developments in MTD for VAT, including the potential to extend the soft landing for digital links and problems for overseas businesses.

General FeaturesIndirect Tax

DAC 6: International Tax Enforcement: disclosable arrangements

Technical
Margaret Curran |
1 December 2019

The CIOT recently commented on a consultation document and draft regulations which require taxpayers and advisers to report certain cross-border tax arrangements to HMRC.

Management of taxes

Non-resident CGT: UK Property Rich Collective Investment Vehicles – draft regulations

Technical
Kate Willis |
1 December 2019

The CIOT has responded to the consultation on the draft regulations concerning the capital gains tax treatment of disposals of interests in UK property rich collective investment vehicles by non-UK residents.

International Tax

SDLT house builder relief for part-exchange

Technical
Kate Willis |
1 December 2019

The CIOT has written to HMRC requesting clarification of the way SDLT house builder relief operates for limited liability partnerships.

Indirect TaxLarge Corporate

Indirect Taxes Conference 2019

Technical
Jayne Simpson |
1 December 2019

This year’s Indirect Tax Conference was held at the America Square Conference Centre on 8 October 2019. Chaired by Alan McLintock, the chair of the CIOT’s Indirect Taxes Sub-committee, some of the UK’s leading VAT advisers spoke about relevant current issues from their areas of specialism.

Indirect Tax

No-deal Brexit: Transitional Simplified Procedures

Technical
Jayne Simpson |
1 December 2019

On 15 October, HMRC wrote to around 95,000 VAT registered taxpayers to confirm that they had auto-enrolled themselves onto Transitional Simplified Procedures. The letter has been published on the CIOT’s website . Businesses should check whether they need to obtain a duty deferment account.

Indirect Tax

VAT Groups: individuals, partnerships and Scottish partnerships can now join

Technical
Jayne Simpson |
1 December 2019

From 1 November 2019, the eligibility criteria for joining a VAT group has been extended to individuals, partnerships and Scottish partnerships, provided the qualifying criteria for ownership and control are met. Previously, only bodies corporate were eligible to be treated as members of a VAT group.

Indirect Tax

Employment Allowance reform: information requirements

Technical
Emma Rawson, Matthew Brown |
1 December 2019

HMRC have dropped plans which would have required businesses to quantify the amount of state aid they receive when claiming the employment allowance from April 2020.

Employment Tax

Agency workers: key information document

Technical
Meredith McCammond |
1 December 2019

There is a new requirement for employment agencies to provide new agency workers with information in the form of a document to be known as a ‘key information document’.

Employment Tax

Good Work consultations: a flurry of activity!

Technical
Sharron West, Meredith McCammond |
1 December 2019

LITRG have been busy responding to the recent consultations issued by the government as part of the next phase of the Good Work Plan. Here we round up the consultations and our responses.

General Features