General Features

Technical

The CIOT and ATT Technical Teams receive hundreds of queries each year. While there are many areas where we can assist, we are unable to answer all of them in the way that the enquirer might hope (read on to find out why). We can assist in a number of areas, though we often need your help in gathering supporting evidence.

Technical
1 June 2019

HMRC has added some important updates to VAT Notice 700 /22, including three relaxations to the digital record keeping requirements. The process for enrolling into Making Tax Digital if you do not have a Unique Taxpayer Reference has also been clarified.

Technical
1 June 2019

LITRG highlights issues surrounding accessibility of MTD-capable software for people with particular needs.

Technical
1 June 2019

HMRC’s updated view on attempts to avoid an income tax charge when a company is wound up.

Technical

The ATT and CIOT have responded to a consultation proposing an additional 1% SDLT charge for non-resident purchasers of residential property in England and Northern Ireland, highlighting a number of areas where the policy may have unintended and adverse consequences.

Technical
1 June 2019

In April ATT representatives attended a workshop as part of HMRC’s Master Customer Journey work, looking at the experience of an individual who has become a trustee for the first time.

Technical
1 June 2019

Recent developments in Welsh devolved taxes include new regulations amending tax legislation for changes arising from the UK’s exit from the EU and updated Land Transaction Tax guidance for ‘garden and grounds’.

Technical
9 May 2019

HMRC has added some important updates to VAT Notice 700/22, including three relaxations to the digital record keeping requirements. The process for enrolling into Making Tax Digital if you do not have a Unique Taxpayer Reference has also been clarified.

Technical

As compliance with MTD for VAT is now mandatory for many businesses (since 1 April 2019), if you have clients who are struggling to get to grips with the new regime it is worth considering whether they may have grounds for claiming exemption before enrolling them into the MTD for VAT programme.

Technical
1 May 2019

We continue to receive numerous daily updates from GOV.UK setting out the UK government’s preparations for a ‘no-deal’ Brexit scenario and our members continue to make similar preparations. The CIOT has also been working behind the scenes to clarify a number of tax matters in relation to VAT and direct tax that would arise if the UK left the EU without a deal. We set out two examples below.