Technical

Will the new Money and Pensions Service help fill the pensions freedom advice gap?

Technical
Meredith McCammond |
1 September 2019

The Money and Pensions Service (formerly the Single Financial Guidance Body) is bringing together the Money Advice Service, Pension Wise and The Pensions Advisory Service. Its vision is ‘everyone making the most of their money and pensions’.

General Features

Disguised remuneration loan charge reporting deadline reminder

Technical
Meredith McCammond |
1 September 2019

The 30 September 2019 deadline, by which people who face the loan charge must report details of their position, is fast approaching. If your clients are affected by the loan charge, it is important that they meet this deadline, in addition to completing a 2018 /19 tax return.

General Features

New scheme to help tackle problem debt, including tax debts

Technical
Sharron West |
1 September 2019

The Conservative Party made a manifesto commitment in 2017 to introduce a ‘breathing space’ scheme and a statutory debt repayment plan for those in England and Wales with problem debts. Something similar already exists in Scotland, known as a ‘debt arrangement scheme’.

General Features

Making Tax Digital for VAT

Technical
Richard Wild |
1 August 2019

As we approach the first quarterly submission deadline for MTD for VAT, we report below on a number of developments that might affect you and your clients.

General FeaturesIndirect Tax

Processing of R&D tax credit claims and RDEC claims – current delays

Technical
Sacha Dalton |
1 August 2019

CIOT has written to HMRC regarding the current delays in HMRC processing claims for R&D tax credits and RDEC claims. HMRC say they are addressing the problem and we will continue to monitor the position, hoping to see improvements soon.

Large CorporateOMB

HMRC letters and ‘certificates of tax position’ to individuals with offshore income, gains and assets – an update for CIOT members

Technical
Margaret Curran |
1 August 2019

The CIOT has recently published an update for members which provides information about HMRC’s letters and some guidance to help members decide the most appropriate way to respond if a client receives one of the letters.

General FeaturesManagement of taxes

Structures and Buildings Allowance – secondary legislation and HMRC response

Technical
Emma Rawson, Sacha Dalton |
1 August 2019

The regulations for the new Structures and Buildings Allowance have now been passed by Parliament. The final version of the secondary legislation was published with HMRC’s response to previous rounds of consultation in June.

Large CorporateOMB

Changes ahead for installing energy-saving materials

Technical
Jayne Simpson |
1 August 2019

Following the recent consultation period (as reported in June’s Technical Newsdesk ), The Value Added Tax (Reduced Rate) (Energy-Saving Materials) Order 2019 was laid on 21 May and comes into effect on 1 October 2019.

Indirect Tax

HMRC’s Employment Tax Fora

Technical
Matthew Brown |
1 August 2019

A round up of HMRC employment taxes related consultative forum meetings, including the Employment and Payroll Group, Student Loan Consultation Group and Statutory Payments Consultation Group.

Employment Tax

Mutuality of Obligation and Check Employment Status for Tax

Technical
Matthew Brown |
1 August 2019

The CIOT has written to HMRC regarding the meaning of mutuality of obligation (MOO) and its application to HMRC’s Check Employment Status for Tax tool (CEST) following various discussions at the IR35 Forum and HMRC papers on MOO.

Employment Tax