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Latest Tax News for the UK Accountancy Profession

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HMRC - What's New

Notice 832 Tariff Preferences: Rules of Origin for Mexico
The latest version of this notice has now been published. This notice cancels and replaces the previous version in February 2011. Details of any changes to the previous version can be found in paragraph 1.2.
Published - 3 days ago, 18 May 12, 12:00am
Bwletin y Cyflogwr Ebrill 2012 Rhifyn 41 (PDF 1MB)
Helo a chroeso i rifyn arall o Fwletin y Cyflogwr. Mae'r rhifyn hwn yn cynnwys llawer o gyngor a gwybodaeth ddefnyddiol yngly^n â chyflwyno eich datganiadau, talu CThEM a sut i osgoi cosbau.
Published - 3 days ago, 18 May 12, 12:00am
Notice CCL1/4 Electricity from renewable sources
The latest version of this notice has now been published. This notice cancels and replaces the previous version in November 2011.
Published - 3 days ago, 18 May 12, 12:00am
Revenue & Customs Brief 15/12
This brief is for landfill site operators and their advisers and provides clarification on the Landfill Tax treatment of material used on a landfill site and the classification of waste.
Published - 3 days ago, 18 May 12, 12:00am
Notice CCL1 A general guide to Climate Change Levy
The latest version of this notice has now been published. This notice cancels and replaces the previous version in November 2011.
Published - 4 days ago, 17 May 12, 12:00am
National Statistics Review of Tax Credit Statistics - results
Following the recent National Statistics Review of Tax Credit Statistics a summary of responses have been published on the HM Revenue & Customs website.
Published - 5 days ago, 16 May 12, 12:00am
New Advance Assurance Form EIS/SEIS(AA)
The form is used by companies seeking assurance, in advance of a share issue, that it will meet the qulaifying conditions under the schemes.
Published - 6 days ago, 15 May 12, 12:00am
Community/Common Transit and TIR Newsletter 01/2012 - Common Transit Convention (PDF 20K)
Croatia and Turkey are expected to join the Common Transit Convention on 1 July 2012. From that date, traders will be able to use the Common Transit procedure for goods sent to and from those countries.
Published - 6 days ago, 15 May 12, 12:00am
Statutory Instrument: SI 2012/1188 and Explanatory Note (Opens new window)
The Skipton Fund limited (Applications of Sections 731, 733 and 734 of the Income Tax (Trading and Other Income) Act 2005) (Amendment) Order 2012.
Published - 6 days ago, 15 May 12, 12:00am
List of registered Community Amateur Sports Clubs (CASCs) (PDF 1.3MB)
An updated list of registered CASCs has now been published.
Published - 10 days ago, 11 May 12, 12:00am

HMRC - Agents

PAYE for employers: Send your Employer Annual Returns online now
Your 2011-12 Employer Annual Return (forms P35 and P14) is due by 19 May 2012. You must do all you can to send it online as soon as possible. Otherwise you may receive a penalty.
Published - 3 days ago, 18 May 12, 12:00am
Consultation on Simpler Income Tax for Self employed and Small Partnerships (PDF 44K)
From April 2013, the Government proposes to introduce a voluntary cash basis for small businesses - that is, most self-employed sole traders and those in partnership with other individuals to calculate their income tax along with simplified arrangeme…
Published - 4 days ago, 17 May 12, 12:00am
PAYE for employers: Basic PAYE Tools
The latest version of Basic PAYE Tools to help employers run their payroll systems is now available.
Published - 5 days ago, 16 May 12, 12:00am
Revenue & Customs Brief 14/12.
HMRC's approach to determining who holds beneficial ownership of shares underlying Depositary Receipts has not changed following the First Tier Tribunal decision in HSBC Holdings & Bank of New York Mellon v HMRC.
Published - 6 days ago, 15 May 12, 12:00am
VAT Notice 704/1 Chinese translation: Tax-free shopping in the UK
Chinese version of this notice. It is intended for overseas visitors and explains the procedures for buying goods tax-free for export from the UK.
Published - 6 days ago, 15 May 12, 12:00am
Corporation Tax Online - software and online forms
The list of HM Revenue & Customs recognised commercial software that is compatible with the Corporation Tax online service has been updated.
Published - 7 days ago, 14 May 12, 12:00am
VAT Notice 704/1 Spanish translation: Tax-free shopping in the UK
The latest version of this notice has now been published. This notice cancels and replaces the previous version in September 2004.
Published - 7 days ago, 14 May 12, 12:00am
VAT Notice 704/1 Arabic translation: Tax-free shopping in the UK
The latest version of this notice has now been published. This notice cancels and replaces the previous version in September 2004.
Published - 7 days ago, 14 May 12, 12:00am
Joint initiative on HMRC service delivery (PDF 38K)
Read a further update on the joint initiative between HM Revenue & Customs and key stakeholders regarding service delivery.
Published - 7 days ago, 14 May 12, 12:00am
Corporation Tax on chargeable gains - Indexation Allowance (PDF 48K)
Tables showing the Indexation Allowance for assets disposed of in March 2012 is now available.
Published - 7 days ago, 14 May 12, 12:00am

HMRC - Charities

Using the correct Gift Aid repayment form
Reminder to charities and Community Amateur Sports Clubs to use form R68(i) to claim tax repayments on Gift Aid donations.
Published - 3 days ago, 18 May 12, 12:00am
The Gift Aid Small Donation Scheme: second public meeting
HM Revenue & Customs is organising a meeting to discuss the Gift Aid Small Donation Scheme consultation document published on 27 March 2012.
Published - 17 days ago, 4 May 12, 12:00am
List of registered Community Amateur Sports Clubs (CASCs)
An updated list of registered CASCs has now been published.
Published - 18 days ago, 3 May 12, 12:00am
The Gift Aid Small Donation Scheme: Public meetings
HM Revenue & Customs is organising a meeting to discuss the Gift Aid Small Donation Scheme consultation document published on 27 March 2012.
Published - 35 days ago, 16 Apr 12, 12:00am
List of registered Community Amateur Sports Clubs (CASCs)
An updated list of registered CASCs has now been published.
Published - 46 days ago, 5 Apr 12, 12:00am
The Gift Aid Small Donations Scheme
HMRC has issued a consultation document on proposals for the Gift Aid Small Donations Scheme. The consultation runs from 27 March 2012 to 25 May 2012.
Published - 55 days ago, 27 Mar 12, 12:00am
New definition of a charity applies to all UK charity tax reliefs from April 2012
All charities that don't claim Gift Aid but claim other UK charity tax reliefs and exemptions administered by HMRC are affected by the definition. Charities should read the Fit and Proper Persons guidance if they haven't already done so.
Published - 68 days ago, 14 Mar 12, 1:00am
New guidance on Gift Aid declarations: What charities need to do
Further information on the updated guidance on Gift Aid declarations and how charities should aim to use the new wording in declarations by 31 Dec 2012.
Published - 68 days ago, 14 Mar 12, 1:00am
List of registered Community Amateur Sports Clubs (CASCs)
An updated list of registered CASCs has now been published.
Published - 81 days ago, 1 Mar 12, 1:00am
SA Donate will close in April 2012
From April 2012 Self Assessment taxpayers will no longer be able to donate any Self Assessment tax refund directly from their Self Assessment tax return to a charity of their choice.
Published - 89 days ago, 22 Feb 12, 1:00am

HMRC - Manuals

Capital Gains Manual

Published - 4 days ago, 17 May 12, 12:00am
Appeals, Reviews and Tribunals Manual

Published - 7 days ago, 14 May 12, 12:00am
Insolvency Manual

Published - 7 days ago, 14 May 12, 12:00am
Inheritance Tax Manual

Published - 7 days ago, 14 May 12, 12:00am
Debt Management Banking Manual

Published - 11 days ago, 10 May 12, 12:00am
Tax Credit Technical Manual

Published - 11 days ago, 10 May 12, 12:00am
New Tax Credits Claimant Compliance Manual

Published - 12 days ago, 9 May 12, 12:00am
Tax Credits Manual

Published - 12 days ago, 9 May 12, 12:00am
Residence, Domicile and Remittance Basis Manual

Published - 12 days ago, 9 May 12, 12:00am
Collection of Student Loans Manual

Published - 17 days ago, 4 May 12, 12:00am

HMRC - Stamp Taxes

Stamp Duty: change to the stock transfer form - update
A new certificate has been added to the reverse of the stock transfer form, to be completed when a share transfer is 'otherwise' exempt from stamp duty or no chargeable consideration is given for the transfer.
Published - 7 days ago, 14 May 12, 12:00am
Stamp Duty: change to the stock transfer form - updated 14 May 2012
A new certificate has been added to the reverse of the stock transfer form, to be completed when a share transfer is 'otherwise' exempt from stamp duty or no chargeable consideration is given for the transfer.
Published - 7 days ago, 14 May 12, 12:00am
SDRT - HSBC Holdings PLC and the Bank of New York Mellon Corporation v HMRC decision (PDF 64K)
HM Revenue & Customs has considered the decision in detail and decided not to seek permission to appeal against it.
Published - 24 days ago, 27 Apr 12, 12:00am
National Statistics: PRT and Government revenues - UK oil and gas production (tables 11.11-11.13)
PRT and Government revenues from UK oil and gas production statistics (tables 11.11-11.13) is now available.
Published - 24 days ago, 27 Apr 12, 12:00am
Clarification of the operative date for the 15 per cent higher SDLT rate
The Tax Information and Impact Note contain a small error regarding the operative date for the measure.
Published - 25 days ago, 26 Apr 12, 12:00am
Stamp Taxes, problems with the phones and faxes within Birmingham Stamp Office
Stamp Taxes are experiencing problems with the telephony and fax system within Birmingham Stamp Office and they are working with the telephone engineers to solve the problem.
Published - 47 days ago, 4 Apr 12, 12:00am
Stamp Duty - change to the stock transfer form
A new certificate has been added to the reverse of the stock transfer form, to be completed when a share transfer is 'otherwise' exempt from stamp duty or no chargeable consideration is given for the transfer.
Published - 55 days ago, 27 Mar 12, 12:00am
Possible changes to Income Tax rules on interest
A consultation document on proposals for possible changes to the Income Tax rules on the taxation of interest and interest-like returns, and rules on the deduction of tax at source from such amounts has now been published.
Published - 55 days ago, 27 Mar 12, 12:00am
Proposed changes to tax rules on manufactured payments
A consultation document on proposals for changes to tax rules on manufactured payments has now been published.
Published - 55 days ago, 27 Mar 12, 12:00am
SDRT - HSBC Holdings PLC and the Bank of New York Mellon Corporation v HMRC decision
Following a hearing in June 2011, a decision has been published by the First Tier Tax Tribunal in the above case.
Published - 59 days ago, 23 Mar 12, 1:00am

HMRC - VAT News and Updates

VAT Notice 704/1 Chinese translation: Tax-free shopping in the UK
Chinese version of this notice. It is intended for overseas visitors and explains the procedures for buying goods tax-free for export from the UK.
Published - 6 days ago, 15 May 12, 12:00am
VAT Notice 704/1 Arabic translation: Tax-free shopping in the UK
The latest version of this notice has now been published. This notice cancels and replaces the previous version in September 2004.
Published - 7 days ago, 14 May 12, 12:00am
VAT Notice 704/1 Spanish translation: Tax-free shopping in the UK
The latest version of this notice has now been published. This notice cancels and replaces the previous version in September 2004.
Published - 7 days ago, 14 May 12, 12:00am
VAT Notice 704/1 Japanese translation: Tax-free shopping in the UK
The latest version of this notice has now been published. This notice cancels and replaces the previous version in September 2004.
Published - 7 days ago, 14 May 12, 12:00am
Revenue & Customs Brief 13/12
This Brief is aimed predominantly at professional tax advisors and lawyers although it may be of interest to others. While the judgment in Banca Antoniana concerned VAT, the judgment, and this Brief applies to all of the taxes previously administered…
Published - 10 days ago, 11 May 12, 12:00am
VAT on Face Value Vouchers
The Government has announced a change in legislation to protect public finances and prevent tax avoidance. This follows a decision of the Court Justice of the EU which affects the way in which the UK treats certain face value vouchers for VAT.
Published - 11 days ago, 10 May 12, 12:00am
VAT Notice 727 Retail Schemes
The latest version of this notice has now been published. This notice cancels and replaces the previous version in January 2011. Details of any changes to the previous version can be found in paragraph 1.1.
Published - 11 days ago, 10 May 12, 12:00am
2012 VAT Notes Budget Supplement
HM Revenue & Customs (HMRC) publish VAT Notes quarterly. They contain a summary of all recent changes to the VAT rules and announce future changes. The Budget Supplement details all changes announced in the Budget.
Published - 18 days ago, 3 May 12, 12:00am
VAT Notice 742 Land and property
The latest version of this notice has now been published. This notice cancels and replaces the previous version in March 2002. Details of any changes to the previous version can be found in paragraph 1.2.
Published - 18 days ago, 3 May 12, 12:00am
VAT relief for European Research Infrastructure Consortia (ERIC)
Tax Information and Impact Note (TIIN), Draft Statutory Instrument and Explanatory Memorandum concerning legislation to be introduced in autumn 2012 to provide VAT relief to an ERIC have now been published.
Published - 20 days ago, 1 May 12, 12:00am