Management of taxes

Extension of Offshore Time Limits: Clauses 79 and 80

Technical
Emma Rawson, Margaret Curran, Tom Henderson |
1 January 2019

The ATT, CIOT and LITRG continue to have concerns over legislation which introduces a new tax assessment time limit of 12 years in cases involving offshore matters and transfers.

Management of taxes

The Times They Are A-Changin’: Clause 14 (payments on account of CGT)

Helen Thornley |
1 January 2019

From April 2020, individuals, trustees and personal representatives disposing of residential property will need to make a payment on account of any capital gains tax within 30 days.

Management of taxesPersonal tax

Costs in the Upper Tribunal

Technical
Margaret Curran |
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 CorporateManagement of taxesOMB

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 FeaturesIndirect TaxManagement 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 taxesPersonal 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 FeaturesManagement 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 FeaturesManagement 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 CorporateManagement of taxesOMB