Management of taxes

Costs in the Upper Tribunal

Technical

1 December 2018

The CIOT has written to the President of the Upper Tax Tribunal and Chancery Chamber setting out some concerns we have about the costs regime in the Upper Tribunal.

Management of taxes

Carried forward corporation tax losses: compliance requirements

Technical

Emma Rawson, Sacha Dalton |

1 December 2018

HMRC have responded to requests by the ATT and CIOT for more guidance on compliance obligations which apply to all companies (regardless of size) looking to set off carried forward losses from April 2017.

Large Corporate Management of taxes OMB

Making Tax Digital: an update

Technical

Jayne Simpson, Margaret Curran |

1 December 2018

HMRC has been running a private pilot for Making Tax Digital (MTD) for VAT since April 2018 with privately invited clients of software developers that were going through testing. Once the private pilot interface was tested thoroughly and further functionality delivered, HMRC were able to open the pilot publicly, although they have taken decisions to limit entry initially as well as delay MTD for VAT mandation for certain complex businesses. HMRC have also started writing directly to businesses to tell them about MTD.

General Features Indirect Tax Management of taxes

Voluntary tax returns

Technical

Margaret Curran |

1 December 2018

Voluntary tax returns are to be put on a statutory footing following several recent First-tier Tribunal cases which have concluded that where the taxpayer had submitted a tax return to HMRC voluntarily, the return was not a valid return.

Management of taxes

Draft Finance Bill 2018-19: CGT payment window on residential properties (Clause 6)

Technical

Helen Thornley |

1 November 2018

The ATT submitted comments on the proposed changes in the 2018-19 draft Finance Bill to the payment window for CGT on the sale of residential property from 6 April 2020.

Management of taxes Personal tax

House of Lords Finance Bill Sub-Committee: call for evidence on HMRC powers and Making Tax Digital

Technica

Emma Rawson, Jayne Simpson, Sharron West, Richard Wild |

1 November 2018

The ATT, CIOT and LITRG have responded to a call for evidence by the House of Lords Economic Affairs Finance Bill Sub-Committee on HMRC powers and Making Tax Digital

General Features Management of taxes

Amending HMRC’s Civil Information Powers: ATT, CIOT and LITRG responses

Technical

Margaret Curran, Emma Rawson, Tom Henderson |

1 November 2018

The ATT, CIOT and LITRG have responded to a consultation on reform of HMRC’s information powers under FA 2008 Schedule 36, in particular the procedures surrounding third party notices.

General Features Management of taxes

Carried forward corporation tax losses: compliance requirements

Technical

Emma Rawson, Sacha Dalton |

1 November 2018

The ATT and CIOT have written to HMRC to ask for more guidance on compliance obligations which apply to all companies (regardless of size) looking to set off carried forward losses from April 2017.

Large Corporate Management of taxes OMB