General Features

Important: are you setting up in practice? Deadline for Anti-Money Laundering Registration of new businesses

Technical
Jane Mellor |
1 February 2019

There are lots of regulatory requirements to deal with when setting up in practice. It can be easy to overlook some of these but you are reminded that it is a legal requirement to be registered for anti-money laundering (AML) supervision if you are ‘acting in the course of business’ as any of the following: ‘auditors, insolvency practitioners, external accountants and tax advisers’. Tax advisers include those dealing with tax compliance work and more specialist advisory work such as capital allowances or R&D claims.

General Features

Reduction in the time to file a Stamp Duty Land Tax return and pay tax due

Technical
Kate Willis |
1 February 2019

The time limit to file a Stamp Duty Land Tax (SDLT) return and pay the tax due will reduce from 30 days to 14 days from 1 March 2019. New regulations make consequential amendments and changes to the return particularly for a deferment application

General FeaturesPersonal tax

HMRC’s Non-Statutory and Statutory Clearance Services: how are they working at the moment?

Technical
Margaret Curran |
1 February 2019

What are your recent experiences of dealing with HMRC’s clearance services?

General Features

Making Tax Digital

Technical
Richard Wild |
1 February 2019

The VAT pilot has been opened up to all businesses who are mandated into MTD from 1 April 2019, but care needs to be taken to sign up at the right time. HMRC is also writing directly to businesses – have you/your clients received a letter?

General FeaturesIndirect Tax

The Finance Bill’s passage through Parliament

Technical
George Crozier |
1 February 2019

Finance (No.3) Bill completed its Commons stages after an unusually eventful passage which saw four sets of government amendments and six opposition amendments passed.

General Features

Spotlight on the Capital Gains Tax & Investment Income Sub-committee

Technical
Kate Willis |
1 February 2019

In the last in our series of articles about the CIOT’s technical sub-committees, CIOT Technical Officer Kate Willis outlines the work carried out by the Capital Gains Tax & Investment Income (CGT&II) Sub-committee.

General Features

Do you have any clients in receipt of an Access to Work grant?

Technical
Meredith McCammond |
1 January 2019

Despite there being various tax and accounting implications to be aware of, there is very little factual guidance from HMRC or Department for Work and Pensions for recipients of Access to Work grants.

General Features

Avoidance involving profit fragmentation: Clause 16

Technical
Emma Rawson |
1 January 2019

Legislation introducing an anti-profit fragmentation rule incorporates a number of improvements on the previous draft legislation and original consultation proposals.

General FeaturesInternational TaxOMBPersonal tax

Tax treatment of social security income: Clause 12 (Scotland)

Technical
Joanne Walker |
1 January 2019

The Finance Bill contains provisions to determine the tax treatment of social security income, and, in particular, the social security benefits devolved to Scotland, following LITRG discussions with the Scottish government.

General FeaturesPersonal tax

Spotlight on International Taxes and EUHR Sub-Committees

Technical
Sacha Dalton |
1 January 2019

As you might expect from the press coverage and public debate in recent years around large multinational groups, particularly those involved in the digital space, but not exclusively, and whether or not they are paying a ‘fair’ amount of tax, the International Taxes Sub-Committee of the CIOT has been busy.

General Features