Technical

Making Tax Digital for VAT

Technical
Richard Wild |
1 August 2019

As we approach the first quarterly submission deadline for MTD for VAT, we report below on a number of developments that might affect you and your clients.

General FeaturesIndirect Tax

Processing of R&D tax credit claims and RDEC claims – current delays

Technical
Sacha Dalton |
1 August 2019

CIOT has written to HMRC regarding the current delays in HMRC processing claims for R&D tax credits and RDEC claims. HMRC say they are addressing the problem and we will continue to monitor the position, hoping to see improvements soon.

Large CorporateOMB

HMRC letters and ‘certificates of tax position’ to individuals with offshore income, gains and assets – an update for CIOT members

Technical
Margaret Curran |
1 August 2019

The CIOT has recently published an update for members which provides information about HMRC’s letters and some guidance to help members decide the most appropriate way to respond if a client receives one of the letters.

General FeaturesManagement of taxes

Structures and Buildings Allowance – secondary legislation and HMRC response

Technical
Emma Rawson, Sacha Dalton |
1 August 2019

The regulations for the new Structures and Buildings Allowance have now been passed by Parliament. The final version of the secondary legislation was published with HMRC’s response to previous rounds of consultation in June.

Large CorporateOMB

Changes ahead for installing energy-saving materials

Technical
Jayne Simpson |
1 August 2019

Following the recent consultation period (as reported in June’s Technical Newsdesk ), The Value Added Tax (Reduced Rate) (Energy-Saving Materials) Order 2019 was laid on 21 May and comes into effect on 1 October 2019.

Indirect Tax

HMRC’s Employment Tax Fora

Technical
Matthew Brown |
1 August 2019

A round up of HMRC employment taxes related consultative forum meetings, including the Employment and Payroll Group, Student Loan Consultation Group and Statutory Payments Consultation Group.

Employment Tax

Mutuality of Obligation and Check Employment Status for Tax

Technical
Matthew Brown |
1 August 2019

The CIOT has written to HMRC regarding the meaning of mutuality of obligation (MOO) and its application to HMRC’s Check Employment Status for Tax tool (CEST) following various discussions at the IR35 Forum and HMRC papers on MOO.

Employment Tax

Transposition of the Fifth Money Laundering Directive: consultation responses

Technical
Helen Thornley, John Stockdale |
1 August 2019

The ATT and CIOT have responded to the HMT Consultation on the Transposition of the Fifth Money Laundering Directive (5MLD) published on 15 April 2019 commenting on the implications for trusts and their trustees.

Inheritance Tax and trusts

Scotland update – consultation on a policy framework for devolved taxes; call for evidence on the Financial Memorandum to the Non-Domestic Rates (Scotland) Bill

Technical
Joanne Walker, Helen Thornley |
1 August 2019

CIOT made a written submission to the Finance and Constitution Committee of the Scottish Parliament in response to its call for evidence on the Financial Memorandum to the Non-Domestic Rates (Scotland) Bill. CIOT and LITRG made a joint submission in response to the Scottish government consultation on a policy framework for devolved taxes, to which ATT submitted a separate response.

General Features

A social care tax or levy for Wales?

Technical
Kate Willis |
1 August 2019

The Welsh Government considers a social care levy for Wales.

Personal tax