OMB

Technical
1 July 2018

The CIOT recently responded to the Treasury’s consultation on the introduction of a new approved fund structure within the Enterprise Investment Scheme (EIS), with the possibility of additional incentives to attract investment. Such a fund structure would be focused on mainly investing in knowledge intensive companies.

Technical
1 June 2018

The ATT and CIOT have responded to the consultation on reforms to the corporate intangible fixed assets regime.

Technical
1 May 2018

HMT and HMRC are consulting on changes to Entrepreneurs’ Relief to ensure that the conditions do not discourage entrepreneurs from seeking external finance for their companies

Technical

The ATT and CIOT have met with HMRC to discuss potential reforms to the corporate intangible fixed assets regime.

Technical
1 May 2018

We have received reports that HMRC are re-working SA302 payment calculations for some self-employed clients to take out the Class 2 National Insurance contributions.

Technical

Although relevant annual receipts not exceeding £1,000 may be non-taxable and the allowance may replace a deduction for actual expenses, record-keeping obligations remain.

Technical
1 April 2018

The government has consulted further on the principle of tax conditionality as a means of tackling the hidden economy by requiring those who require licenses to operate to demonstrate they are properly registered for tax.

Technical

In the second of a series of articles about the CIOT’s technical sub-committees, CIOT Technical Officers Matthew Brown and Margaret Curran review the work of the Owner Managed Business (OMB) sub-committee.

Technical
1 March 2018

New ‘risk to capital’ condition for venture capital schemes: draft guidance

Technical
1 February 2018

Growing and developing complications for EIS, SEIS and VCTs.