Tax Bulletin Index 2002

Index to articles, interpretations and decisions appearing in Tax Bulletin Issues 1-62, which remain valid at December 2002

Issue number and page guide

1

1-8

2

9-16

3

17-24

4

25-36

5

37-48

6

49-60

7

61-76

8

77-92

9

93-104

10

105-120

11

121-136

12

137-160

13

161-172

14

173-188

15

189-200

16

201-216

17

217-228

18

229-248

19

249-260

20

261-276

21

277-292

22

293-312

23

313-324

24

325-344

25

345-360

26

361-380

27

381-404

28

405-424

29

425-444

30

445-464

31

465-476

32

477-496

33.

497-516

34

517-538

35

539-562

36

563-578

37

579-602

38

603-622

39

623-634

40

635-658

41

659-678

42

679-690

43

691-702

44

703-714

45

715-730

46

731-750

47

751-766

48

767-778

49

779-794

50

795-817

51

819-830

52

831-846

53

847-866

54

867-882

55

883-894

56 

895-910
57 911-922
58 923-930
59 931-942
60 943-962
61 963-978
62 979-994

Accountancy principles and taxable profits 485
- deferred, revenue expenditure, change of
accounting policy 623, 859
- tax treatment of certain telecommunications
licences and IRU's 815

Accountancy expenses and SA enquiries 596

Accountants
- Revenue 758,923

Accounting date
- change of 242, 271

Acquisition of new business 285

ACT - see under "Dividends & Distributions"

Addresses - see under "Inland Revenue"

Advance Pricing Agreements 697

Agency workers 12

Agents
- foreign dividends - collecting agents 329
- investment managers as agents for
non-residents 44
- non-resident landlords 261
- powers of attorney 51
- receiving copies of assessments 3
- receiving copy taxpayer statements 509

Agricultural land
- gifts: capital gains tax hold over relief 5

Allowances and reliefs
- additional personal allowances 44
- private medical insurance relief 108

Annual payments
- application of PAYE 196

Appeal hearings
- location (now Regulation 100(2)
SI 1993 No 744) 70, 387
- National Insurance Contributions 659
- procedural rules for Commissioners 158
- Special Commissioners publication of
decisions 258

Arbitration convention 465, 575

Avoidance
- charities, abnormal dividend received by tax
exempt bodies 537
- company purchase schemes 168, 208
- PAYE FA 1994 385
- purchase of own shares 429
- Schedule 22 FA 1995 - SA transition 434
- Section 703 ICTA 1988:
Sheppard and Sheppard v CIR 90
- share buybacks and Section 703 ICTA 1988 590
- transactions in securities, intra group
dividends 37

Bad debt relief
- general 154
- loan relationships 370

Beneficial loans - see under Schedule E

Bomb damage
- deduction for repair expenditure 370

Bond stripping 89

Bookmakers' pitches and CGT 699

BSE compensation 396

Building Society and other windfalls:
free shares and cash bonuses 517

Business Expansion Scheme
- CGT on shares acquired pre 19/3/86 33

Capital/Revenue 438
- Waste Site Preparation Expenditure:
Section 91B ICTA 1988 828

Capital Allowances
- abortive expenditure on plant
and machinery 13
- allowable care hire rentals 746
- claims under Section 383 ICTA 286
- election to determine disposal value 552
- enterprise zones and IBA 553
- finance leases 539
- fixtures: machinery and plant
(see update pg 552) 552
- fixtures in buildings - licence to occupy
land (S51 CAA 1990) 761
- glasshouses 46, 552
- IBA: meaning of storage 710
- know-how 86
- long-life assets 445, 552, 671
- aircrafts 739
- machinery or plant leased outside the UK 654
- meaning of "colony" 208, 552
- notification of expenditure under
self assessment 551
- time when expenditure is incurred 97
- update of earlier articles 552

Capital Gains Tax
- attribution of gains to shareholders 74
- authorised Unit Trust Umbrella Schemes 419
- bookmakers' pitches 699
- capital sums derived from assets-reliefs
& Extra Statutory Concession D33 967
- carrying on a Business of Holding Investments 856
- compensation payable to agricultural
and business tenants 303
- concessions that defer a CGT charge 700
- corporation tax and degrouping charges 116
- corporate trustees and hold over relief 815
- devolution of qualifying corporate bonds
on death 46
- EIS - see under "Enterprise Investment
Scheme"
- exempt demergers
- trustees and beneficiaries 162
- gifts
- agricultural land 5
- qualifying corporate bonds to a charity 21
- hold-over relief and SP8/92 417
- Holdings of Shares
Matching Acquisitions and Disposals 839,876
- ill-health retirement relief 5
- indexation
- assets held on 31 March 1982 54
- BES shares 33
- enhancement expenditure 32
- Section 35(5) TCGA 1992 5
- IR Trusts 842
- machinery: meaning of 166
- milk quota
- compensation for permanent cuts 128
- effect of Faulks v Faulks 265
- negligible value claims
- meaning of "small" 397
- non-resident trusts 82, 204,888
- post transaction valuation checks 401,728
- private residence relief
- apportionment 149
- cessation of use as dwelling house 148
- disposal of residency by beneficiary 151
- effect of SP D4 149
- garden or grounds 239
- joint ownership 20
- married couples election 149
- period of absence 149
- personal representatives (ESC D5) 150
- residences occupied under licence 167
- scope of dwelling house, curtilage 148
- successive interests 150
- retirement relief 268, 653
- extending the qualifying period 397
- ill health 5
- retrospective changes in rates of tax 87
- roll-over relief
- apportionment 166
- depreciating assets: land and buildings 73
- extension of time limit 5
- furnished holiday accommodation 33
- options 13
- Section 152 TCGA 1992:
"taken into use" 5
- Self Assessment Provisional Relief 327
- SP 13/93, compulsory acquisition 672
- Section 31(7B) MCA 1973:
Payments of lump sums 840
- schemes of reconstruction 46
- settlements: connected persons and losses 56
- share exchange: consideration partly
in qualifying corporate bonds 57
- share reorganisation: open offers 148
- shotguns 726
- Taper Relief 852
- Taper Relief-Anti Avoidance
(Paragraphs 11 & 11A Sch A1 TCGA 1992) 963
- Taper Relief and Employee Shares
Held in Trust 829
- Taper Relief: Meaning of 'Security' 858
partnerships-disposal of partnership
goodwill by partners-revised statement of
practice D12 970
- trading losses: set-off under
Section 72 FA 1991 87
- The Taxation of Share Options:
Internationally Mobile Employees 883
- tax reform publication of guidance 577
- transfers at undervalue to employees or directors 181
- transfer of shares within a group-QCBs 372

Trusts
- authorised unit trusts & open ended
investment companies 948
- connected persons and losses 56
- non-resident trusts 82, 204
- valuations
- allowable expenditure 116
- large land portfolios 813, 838
- multiple land valuation scheme 158
- valuation of assets at the date of death 209
- valuations applying Gray v IRC [1994] 337
- variation of inheritances following a death 194
- wines and spirits 686

Cars
- mileage rates, Schedule D 303
- motor dealers - stock valuation 156
- payment toward cost of: Schedule E 3
- P11D reporting 176

Certificates Of UK Residence
- for companies 989

Cessations
- expenses, new relief, professional
indemnity premiums 256

Charities
- abnormal dividends received by tax
exempt bodies 537
- capital payments by offshore trusts to
UK charities 573
- donation of trading stock to charities 319
- gifts of qualifying corporate bonds to
charities 21

Childcare
- employer provided 531

Claims to relief
- anticipated income tax loss claims 878
- carry back under SA 774
- claiming tax back on behalf of people
who are unable to act for themselves 301
- late claims for loss relief 183
- Close Investment Holding Companies
- in liquidation 20

Clubs, societies and voluntary
associations 488, 600

Codes of Practice 69
COP 10 information and advice 536

Commissions
- taxation of insurance and
Personal Pension Schemes 201, 505

Company purchase schemes 168, 208

Compensation
- Compensation for Holocaust Victims 851
- to agricultural and business tenants 303
- received by businesses 490

Computer software 99, 531

Construction Industry Scheme 635, 667
- CIS 5 certificates - changes to eligibility
criteria 815
- overseas controlled companies 30
- turnover tests 615
- workers 405

Continuation basis elections, partnerships 56

Contributions Agency
- dispensations 245
- manual CA 33 supplement 701
- National Events 515
- Transfer to Inland Revenue 650

Construction Industry
(The Multiple Turnover Tests) Expiry of ESC B52 879

Controlled Foreign Companies - see under "International"

Convictions- Tax Barrister convicted 841

Corporate Venturing Schemes (CVS)
- Change of location 929
- guidance 940

Corporation Tax
ACT - see under "Dividends & Distributions"
- apportionment of profits between
financial years (CT Pay and File) 340
- chargeable gains: degrouping charges 116
- chargeable gains:indexation allowance,error
in internet tables 991
- charges on income:
company paying annuities 151
- CGT on QCBs 372
- close investment - holding company,
in liquidation 20
- company purchase scheme 168, 208
- company within the income tax provisions 357

- Delaware Limited Liability Companies
(DLLCs) 827
- flat management companies 598
- Foreign Income Dividends 141, 226
- Groups
- degrouping charges 116
- group payment arrangements 684
- intra group interest 218, 554
- intra group transfers of qualifying
corporate bonds 372
- modernisation of group relief (FA 2000) 782
- interest included in work in progress 4
- interest rate and currency swaps 208
- loan finance - incidental costs 373, 356
- loans to participators 14
- Pay and File 65, 83, 340
- ACT surrenders 196, 244
- apportionments between Financial Years 340
- members' clubs, societies and
voluntary associations 488, 600
- transition 304
- post-death variation 254
- relief for underlying tax (Case V) 495, 561
- Purchase of own shares
- anti-avoidance provisions 429
- by unquoted company 280
- legal expenses incurred by a company 4
- quarterly instalment payments 621
- Quarterly Instalment payments 723
- Quarterly Payments of CT for large companies 960
- Quarterly Instalments and Group Payment
Arrangements 831
- set off of management expenses
against surplus FII 56
- stock dividends 102
- transition to Pay and File: interest on
repayments resulting from relief carry-backs 304
- VAT repayments received by Sports Clubs 209

Corporation Tax Self Assessment
- Chargeable Gains Valuations 925
- Employees Business Expenses receipts-
Retention requirements 925
- New code of practice for enquiries into
company tax returns 682
- Quarterly Instalment Payments and
Group Payment Arrangements 645, 683, 831
- Record keeping requirements 587

Customer Service Managers 273, 688

Dairy Farming - see under "farming"

Deferred Revenue Expenditure
- interaction of tax and accountancy 859

Delaware Limited Liability Companies (DLLCs) 827

Deep Discount Securities
- issued in a foreign currency 100
- with less than 12 months maturity 101

Degrouping charges 116

Demergers
- trustees and beneficiaries 162

Depreciation In Trading Stock 936

Discovery and Disclosure
- claims to error or mistake relief and discovery 817
- under self assessment 313

Dispensations
- change in approach by Contributions Agency 245
- Schedule E, Form P11D 19

Dividends & Distributions
- abnormal dividends received by
tax-exempt bodies 537
- acceptable distribution policy post FA94 138
- ACT abolition of 655
- ACT surrenders 196, 244
- dividends received by tax exempt bodies 537
- foreign dividends - collecting agents 329
- Section 703 ICTA 1988: intra-group dividends 37
- stock dividends 102

Domicile - see under "International Tax"

Double Glazing-change of Revenue Practice 936

Double Taxation - see under "International Tax"

EC Mergers Directive
- clearance applications 47

E-Commerce
- Tax in the electronic age 709

Electronic funds transfer 71

Employee's
coming from abroad to work in the U.K 955

Employee Share Plans
- conditional shares and related topics 731

Employers & Employees - see under
"Schedule E"

Enterprise Investment Scheme
- guidance 940
- income tax relief 924
- options over shares 197
- qualifying trades 240,877
- raising money for qualifying business activities 305

Enterprise Management Incentives 844

Enterprise Zones: IBA on Partially
Completed Buildings 553

Entertaining expenses - employees and
office holders 679, 729
Equitable liability 245

Equity notes 68

Errors in returns
- error or mistake relief 117
- provisional figures & estimates
- relief & discovery 817
- Section 88 interest 61

Estates of deceased persons - see under "Inheritance Tax"

Euros - payment of tax in 633

Exchange gains and losses
- Transitional provisions 282
- Matching 338

Exclusivity agreements
- sums received in respect of 88

Expenses - see under Schedule D or
Schedule E

Extra Statutory Concessions
- Concessions that defer a CGT charge 700
- ESC A4 196
- ESC C32
- Interest Relief: Service Company Legislation And Construction Industry Scheme 861
- ESC B53 amendment 927
- ESC A57 correction 423
- ESC A85 211
- ESC A88 223
- ESC A98 510
- ESC A100
Compensation for Holocaust Victims 851
- ESC A101 Personal Pension Schemes 874
- ESC B4 Withdrawal 776
- ESA B52 (expiry) The multiple turnover test 879
- ESC D5 150
- a hundred years of ESCs 494

Farming
- arable area payments 108
- averaging
- transitional overlap profits 574
- transition to SA and Farmers averaging 282, 392
- when 97-98 shows a loss 575
- animal grants and subsidies 182
- BSE compensation 396
- compensation to agricultural and
business tenants 303
- farmhouses, business use 54
- foot and mouth disease 890
- herd basis
- partnerships - change in members 20, 442
- replacement animals 169
- time limit for election 54
- Inheritance Tax relief for tenanted
agricultural land 241, 890, 891
- losses 814
- Milk Marque shares - October 1998
bonus issue 685
- milk producers SLOM compensation 127
- milk production superlevy 151
- milk quota
- compensation for permanent cuts 128, 474
- effect of Faulks v Faulks 265
- inheritance tax 51
- receipts from residuary MMB 461
- payments under EEC oilseed support scheme 53
- ostriches 318
- short rotation coppices 252
- stock valuation 63
- Suger beet outgoers scheme 891

Faster Working - see supplement to
Special Edition 2

Finance lease rental payments
- Statement of Practice 3/91 189

Finance lessors
- Section 82 and Schedule 12 Finance Act 1997 414
- Sections 44 to 47 Finance (No2) Act 1997 539

Financial global trading 617

Flat management companies 598

Foreign dividends
- collecting agents 329

Foreign Entities - Memec plc v CIR 627

Foreign Exchange and Financial
Instruments (FOREX)
- currency contract and transition 222
- exchange gains and losses 282, 338
- grandfathering and other elections 223

Foreign Income Dividends (FIDS) 141, 226

Form 64-8 (New) 3

Form P11 D - see under "Schedule E"

Franchises - initial sums paid 224, 247

Fraud
- new criminal offence for tax fraud 782

French national service
- volunteers 307

Furnished holiday lettings
- payments on account 356
- roll-over relief 33
- Sections 503/504 ICTA 1988 and Loss
Relief Claims under Section 381 ICTA 1988 472

General Commissioners - see under "Appeal Hearings"

Gifts - see under "Capital Gains Tax" or "Inheritance Tax"

Gifts to educational establishments 2

Glasshouses - capital allowances 46, 552

Golf clubs - trading receipts 156

Group Relief
UK branches of companies resident in the
European Economic Area 961

Groups of Companies - see under
"Corporation Tax"

Hansard Procedure
- Changes to the 979
- Regina v W 544

Herd basis - see under "Farming"

Heritage property - see under "Inheritance Tax"

Holocaust Victims
- compensation 851

Hong Kong
- from 1 July 1997 357

Human Rights
- & Penalties 973

Incentive valuation unit 747

Ill-health retirement relief 5

Income into capital (and vice versa) 438

Independent taxation
- interest paid on joint loans 14

Industrial Buildings - see under "Capital Allowances"

Informal Ecomomy Workers 861

Information Powers
- information and penalty powers for CT QIPs 683
- Legal Advice 676, 743
- Morgan Grenfel decision 993

Inheritance Tax
- accumulation & maintenance trusts 813,892
- allowable deductions 341
- business and agricultural relief 182
- Concession to include Wartime
Compensation Payments 926
- excluded property settlements by
people domiciled overseas 398
- gifts with reservation 98
- "heritage" property 272
- milk quota 51
- payment of tax in person 577
- post-death variation of inheritance
by survivorship 254
- relief for tenanted agricultural land 241
- residuary beneficiaries 421
- retirement benefits 11
- settled property 320
- valuation of assets at the date of death 209
- variation of inheritances 194

Inland Revenue
- Addresses:
- Capital Taxes Office 215
- Financial Intermediaries
and Claims Office 199, 215
- Pension Schemes Office 215
- Public Enquiry Room 402
- Shares Valuation Office 215
- Special Investigations Section 577
- Web-site: www.inlandrevenue.gov.uk
- Contributions Agency merger 515
- Customer Service Managers 273
- Head Office reorganisation 102
- Large Business Office 321, 475
- Large Groups Office 131
- Pension Schemes Office
- Memorandum No 119:
building society investment 170
- updates 272, 290, 320, 342, 358, 376
421, 474, 492, 600, 622, 700, 713, 788
- Senior Management Review 321

Insolvency
- under SA 530

Instruments Of Variation
- simpler rules for dealing with Iov's for IHT 957
& CGT purposes

Insurance
- insurance agents commission 45, 201, 505
- life insurance premiums and loan finance 13
- locum and fixed costs insurance policies 339
- professional indemnity insurance 256, 257
- sickness and unemployment insurance 377

Interest (see also under "International")
- business cessations and Section 86 interest 490
- changes to the interest formula 376
- charges on income - company paying annuities 151
- claiming tax back on behalf of people who
are unable to act for themselves 301
- company within the income tax provisions 357
- deduction of tax and tax relief at source 277, 381, 685
- deduction of tax from interest paid to
an Irish financial institution 419
- Gross Payments of Interest 867
- independent taxation: joint loans 14
- Interest on Section 350 Assessments 827
- intra-group interest 218, 554
- Late Payment of Commercial
Debts (Interest) Act 1998 686

- Loan Relationships
- accrual of purchase discount on loans
repayable on demand 441
- bad debt relief 370
- definition of connected FA96/S87
parties who are not connected 488
- loan to acquire an interest in close company 101
- loan to buy into partnership 58
- loan to close company converted to share capital 13
- loan to participator 14
- on late payments 70, 422
- on late returns 25
- on loans used to buy land occupied for
partnership business purposes (SP 4/85) 437
- mortgage interest relief
- change of rate 106
- paid on business loan to fund proprietors
overdrawn bank account 4
- provision of certificates of interest
paid to borrowers 210
- rates and currency swaps 208
- relief for companies within the service
(ESC C32) 861
- remission of interest on disputed NICs liability 701
- Section 88 TMA 1970: errors in returns 61
- Section 337A - deduction for interest payable 357
- swaps of interest or currencies 208
- treaty claims and loan interest 153, 631
- work in progress - inclusion of interest 4

International tax
- application for clearances, approvals &
agreements 748
- company residence 179
- construction industry:
overseas controlled companies 30
- controlled foreign companies:
- holding companies 249
- measure of profits used in acceptable
distribution policy 138, 317
- domicile and residence rulings (SA) 425
- double taxation
- agreement - Russian Federation 443,762
- bought in foreign tax 441
- contribution conventions 762,843, 861, 862, 892 ,938
- convention - UK/US
US Limited Liability Companies (LLCs) 440
- credit relief for foreign tax 14, 495, 561
- credit relief for Californian tax 194
- credit relief Chile - additional tax 903
- credit relief Turkey - compulsary fund surcharge 903
- dividends from groups overseas 870
- employees' 220
- employees and double taxation agreements 357
- French national service volunteers 307
- Germany - withholding tax on certain income 207
- Hong Kong after 1997 357
- loan interest and treaty claims 153
- provisional treaty relief (PTR) scheme 668
- relief for underlying tax 495, 626, 673
- relief FA 2000 changes 770
- South African secondary tax 244
- tax treaty updates 132, 212, 557, 656
- treaty claims and loan interest 153, 631

- update on DT conventions and Double
Contribution Conventions 842,861,892,959
- financial global trading 617
- foreign dividends and collecting agents 329
- foreign entity classification 807
- foreign entities - Memec plc v CIR 627
- Foreign Exchange and Financial Instruments
(FOREX)
- currency contract and transition 222
- exchange gains and losses 282, 338
- grandfathering and other elections 223
- Foreign Income Dividends 141, 226
- Group relief and losses-
Delaware Limited Liabality Companies 827
- intra-group interest 218
- Investment Manager Provisions FA 1995` 829
- meaning of "full-time" employment 57
- non-resident trusts 82, 204
- offshore trusts - capital payments to
UK charities 573
- offshore trusts and "protected settlements" 620
Personal Residence: 'Mobile Workers'
Living in the UK 836
- Residence and Ordinary Residence
- company residence 179
- employment: meaning of "full-time" 57
- non-residents trading in the UK 237
- non-resident landlords 261
- payments to UK branch of a
non-resident company 87
- residence rulings and domicile (SA) 425
- visitors to UK: residence 130
- year of arrival 599
- year of departure 576
- Section 739 - transfer of assets abroad 651
- stock exchanges (recognised overseas) 657
- The Taxation of Share Options: Internationally
Mobile Employees 883
- transfer pricing
- advance pricing agreements 697
- and the arbitration convention 465, 575
- financial transactions 580
- penalties 603
- record keeping 579

Internet - see Revenue web-site at
www.inlandrevenue.gov.uk
- E-Commerce - tax in the electronic age 709
- Internet Services 757
- press releases 227

Informal Economy Workers 861

Investment Manager Provisions FA1995 829

IR 35
- frequently asked questions 751
- Interest Relief: Service Company Legislation
And Construction Industry Scheme (ESC C32) 861
- providing Service through an intemediary
What happens next? 819
- provision of personal services through
Intermediaries 715

IRU's clarification of FA 2000 provisions 815

Know-How
- commercial 86

Landfill
- tax treatment of 317
- Waste Site Preparation Expenditure:
Section 91B ICTA 1988 828

Legal expenses
- incurred by company purchasing own shares 4
- termination of employment 101,170

Limited Liability Companises
- Delaware LLC 827

Loan Finance
- incidental cost of loan finance guarantee fees 373
- Section 84 FA 1996 356, 373
- timing of deductions 306

Loan Relationships (see also under "Interest")
- accrual of purchase discount on loans
repayable on demand 441
- bad debt relief 370
- deduction of tax at source from interest 685
- definition of connected FA96/S87
parties who are not connected 488
- and partnerships 987

Long- Life Assets (Capital Allowances) 445,552,671

Losses
- anticipated income tax loss claims 878
- BCCI investors 100
- ESC A88 223
- late claims 183
- priority of reliefs 184
- Schedule D Cases I and II: order of set-off 20
- Section 503-4 ICTA 1988 and loss claims
under Section 381 472
- trading losses set off against capital gains:
- Section 72 FA 1991 87

Management expenses
- set off against surplus FII 56

Mariners
- offshore manning arrangemenst for Mariners 785

Medical check-ups
- Schedule E benefits in kind 74

Members' clubs, societies and
voluntary associations 488, 600

Mileage rates for cars 303

Milk quota - see under "Farming"
Mobile telephones 158

Mortgage Interest Relief
- change of rate 106

Motor cars - see under "Cars"

Multiple Land Valuation Scheme 158

National Insurance Contributions
- Aggregation of Earnings and
"Not resonably practicable test" 767
- Changes to National Insurance contributions from 6 April 2003 991
- Class 1A contributions on cars and fuel 701
- Decisions and appeals 659
- Late Notification Penalty 887
- Penalties for Inaccurate NICs 749
- Personal Liability Payments 868
- Recovery of unpaid NICs 670
- Remission of Interest on disputed NICs liability 701
- Schedule D Cases I & II:
personal pension contributions 74, 134
- Stamp Taxes Bulletin 880

National Minimum Wage
- impact on Directors 795
- Increase in the youth rateof the NMW 879

New Criminal Offence for Tax Fraud 782

New business
- Acquisition of 285

Non Residents
- centre for non residents 788
- trading in UK, the arms' length principle 237
- year of departure 576

Offshore manning arrangements for
mariners 785

Options over land
- availability of roll-over relief 13

Ostrich farming 318

Partnerships
- continuation basis, late elections 56
- herd basis: change in partnership members 20, 442
- interest on loans to buy land (SP4/85) 437
- interest paid on loan to buy into partnership 58
- limited liability partnerships (LLPs) 801
- loan relationships 987
- Schedule A - ancillary letting income 241, 283, 513
- Self Assessment
- assessing - 1996/97 293
- continuation elections 214
- CY basis of assessment 124
- due dates - composite partnership
assessment for 1996-1997 286
- extended time limits 339
- new procedures for taxing partnerships 146
- Schedule A income 271
- transitional issues - partnerships 450
Pay and File - see under "Corporation Tax"

PAYE - see under "Schedule E"

Payroll Giving 792

Payments in lieu of notice 325

Payments on account 353
- calculation for 1997-98
- the 80% proportion 470
- furnished holiday lettings 356
- quarterly instalments of CT 621

Penalties
- amendments to SA returns and
penalty implications 597
- Automatic for employers' and contractors'
end-of-year returns 422
- late filing of tax returns 527
- NIC: The Late Notification Penalty 887
- Stamp Duty Reserve Tax - failure to notify liability 589
- The Deadline for Surcharge Tax Under
Income Tax SA 826
- transfer pricing 603

Pensions, pension contributions, pension schemes
- Alterations to Old Pension Funds -
Pension Sharing on Divorce 844
- inheritance tax: retirement benefits
under private pension contracts 11
- inspection visits 301
- loss of approval 232, 266
- New ESC A101 874
- personal pension contributions and
class 4 NIC 74,134
- personal pensions: carry back of
premiums under SA 298, 361, 396, 443
- pension sharing on Divorce or Nullity 790
- retirement annuities - provisional relief 19
- Section 703 ICTA 1988 31
- unapproved retirement benefit schemes 224

Pension Schemes Office updates
- Memorandum No 119:
Building Society investment 170
- synopsis 272, 290, 320, 342, 358, 376,
421, 474, 492, 535, 622, 700,788, 905

Petroleum Revenue Tax
- expenditure claims 302

PFI Projects
- assessment, whether under Schedule A or D 696
- Scope Of Trade 950
- Stamp Duty 694
- Treatment of surplus land 642

Plant and machinery - see under "Capital Allowances"

Post cessation business expenses
new relief 256
Powers of attorney 51

Press releases and the internet 227

Pre-trading expenditure 224

Private residence relief - see under "Capital
Gains Tax"

Procedural rules for General and Special Commissioners 158

Professional indemnity insurance 256, 257

Profit Related Pay schemes:
- PRP as a Permitted Adjustment 457
- PRP and Financial Reporting Standard 11 759

Prosecutions
- Revenue prosecutions 556, 577, 620, 631, 654,
676,728,761,776, 865,881,937,977
- "Hansard" Regina v W 544
- Tax Barrister Convicted 841

Purchase of own shares
- anti-avoidance provisions (Schedule 7 FA 1997) 429
- by unquoted company 280
- legal expenses incurred by a company 4

Qualifying corporate bonds
- consideration on share exchange 57
- devolution on death 46
- gift to charity 21
- transfers within a group 372

Qualifying indexed securities 195

Reasonable excuse
- re late filing penalties and surcharges 527

Rebasing - see under "Capital Gains Tax"

Recognised stock exchanges overseas 657

Record keeping requirements
- optical imaging 283
- self assessment (IT and CT) 587
- transfer pricing 579

Redundancy provisions 195, 630

Reform Of Financial Regulation in the U.K
- Tax Implications Of 924

Reinvestment relief
- changes in FA 1994 128

Relocation packages - see under "Schedule E"

Remuneration - see under "Schedule E"

Rent a Room
- accommodation used for trade
or business purposes 154

Repairs
- Bomb damage (deduction for expenditure) 370

Repayment claims 343
- administrative changes 134

Repos
- price differential 266

Research & Development
- tax incentives (reliefs) - special edition December 2002

Residence and ordinary residence - see
under "International Tax"

Residuary Beneficiaries: estates of deceased
persons in the course of administration 421

Retirement Annuities - see under "Pensions"

Returns (see also under Self Assessment)
- interest on late returns 25
- signature by donee of power of attorney 51

Reverse premiums 641,771

Revenue Accountants 758

Review Of Links With Business 943

Roll-over relief - see under "Capital Gains Tax"

Schedule A
- a guide to property income (IR150) 320, 349
- co-ownership of property 350
- Self Assessment 350
- flat management companies 598
- service charge funds and sinking funds 770
- furnished holiday lettings
(Payments on Account) 356, 472
- income from UK Property
- basis periods: partnerships with
ancillary letting income 241, 283, 513
- non resident landlords 261
- re-letting costs 375
- repairs to let,Computation Of Profits 935
- reverse premiums 641,711
- transitional proposals 268

Schedule D Cases I and II
- accountancy principles and taxable
profits 485, 606, 623, 636,707
- accountancy expenses and SA enquiries 596
- acquisition of new businesses 285
- bomb damage - repairs 370
- changes of accounting date in advance
of transition to current year assessing 242, 271

- commission received by insurance
agents 45, 201, 485
- computer software 99, 531
- construction workers in film and
TV industries (see under Schedule E)
- Deferred Revenue Expenditure 859
- employee share ownership trusts 399
- error or mistake 117
- exclusivity agreements 88
- farming - see under "Farming"
- financial loss allowance: receipt of 20
- franchise payments - initial sums 224, 247
- golf clubs: trading receipts of non
proprietary members clubs 156
- incidental costs of loan finance:
- timing of deductions 306
- insurance agents commission 45, 201, 485
- interest paid on business loan to fund
overdrawn bank account 4
- legal expenses
- purchase of own shares 4
- termination of employment 170
- letting surplus business accommodation 115
- life insurance premiums: whether allowable
as incidental costs of obtaining loan finance 13
- locum and fixed costs insurance policies 339
- losses: order of set-off 20
- losses set off against Capital Gains 87
- losses suffered by BCCI depositors 100
- mileage rates in computing car expenses 303
- motor dealers: stock valuation 156
- partnerships - see under "Partnerships"
- personal pension contributions: Class 4 NIC 74, 134
- post cessation business expenses new
relief for professional indemnity premiums 256
- pre-trading expenditure 224
- redundancy provisions 195
- service companies
- and the service company leglislation 956
- frequently asked questions 751
- provision of personal services through
intermediaries 715
- stock valuation
- donations of stock to charities 319
- farming 63
- motor dealers 156
- subsistence: self-employed lorry drivers 88
- timing of VAT refunds to opticians
(following recent court cases) 255
- training and development of staff 400
- unapproved retirement benefit schemes 224
- video tapes acquired for rental 254
- waste disposal sites 45, 533
- Waste Site Preparation Expenditure:
Section 91B ICTA 1988 828
- work in progress
- inclusion of interest 4

Schedule D Cases III - VI
- bond stripping 89
- deep discount securities
- issued in a foreign currency 100
- with less than 12 months maturity 101
- meaning of source (see also TB 10) 100, 107
- qualifying indexed securities 195
- relief for underlying tax and charities 495, 561

Schedule E
- Benefits in kind
- beneficial loans
- director's loan account used to buy
private residence 12
- exemption for commercial loans 157
- overseas loans in foreign currencies 161
- part business use and part private use 779
- childcare - employer provided 531
- company cars
- payment towards cost of car 3
- company cars P11D reporting 176
- Employment status of Construction Workers
in the film & TV industries 775
- medical check-ups 74
- mobile telephones 158
- relocation packages 94,122
- ESC A85 211 - general 94
- guaranteed selling price schemes 122
- remuneration in shares subject to forfeiture 545
- share related rewards 109
- transfers of assets at undervalue 181
- vans available for private use 96
- Cases II & III:
- Tax Equalisation Payments 386
- Foreign Nationals 931
- taxation of overseas loans and
foreign currencies 161
- coding 350
- dispensations 19, 245
- double taxation 220, 357
- employees liability and indemnity relief 257
- employee share schemes
- implication for SA 351
- phantom share scheme 19
- Section 39 FA 1991 1
- valuation of shares-unquoted companies 374
- expenses
- dispensations 19
- entertaining 679,729
- foreign earnings deduction 40
- "full-time" employment 57
- P11D substitute form 334
- PAYE
- annual payments 196
- countering avoidance: FA 1994 385
- operation by a company supplying
a worker to an agency 12
- PAYE settlement agreements 290, 365
- readily convertible assets 563
- Self Assessment changes to the
- PAYE Regulations 333
- tradeable assets 385
- payment in lieu of notice 325
- Personal Residence: 'Mobile Workers'
Living in the UK 836
- profit related pay schemes 457

- profit related pay and financial reporting
and standard 11 759
- remuneration in shares subject to risk
of forteiture 545
- secondment - employees in UK 805
- service companies
- frequently asked questions (IR35) 751
- provision of personal services through
intermediaries 715
- The Taxation of Share Options: Internationally
Mobile Employees 819, 883
- termination payments
- continuing benefits 427
- legal costs 101, 170
- termination settlements - FA98 changes 582
- travel and subsistence 185, 477, 497, 524
- travelling expenses and ESC A4 196

Schedule F Income and Trustees 629

Schemes of reconstruction
- capital gains tax 46

Section 55FA 2002
- tax relief for gifts of medical supplies &
equipment 975

Section 350
- Interest on Assessments 827

Section 703 ICTA 1988
- intra-group dividends 37
- late submissions 656
- pension funds 31
- share buy backs 590
- Sheppard & Sheppard v CIR 90

Section 739 ICTA 1988 Transfer of
Assets abroad 651

Sections 765 and 765A ICTA 1988 Treasury
consents 746, 788

Securities - see under "Shares & Securities"

Self Assessment - see also Special Editions
1 & 2 and supplement to 2
- accountancy expenses of enquiries 596
- accounting date changes 242, 271
- amendment to SA after an enquiry 769
- amendments to returns and penalty
implications 597
- allocation of investment income 371
- anti-avoidance provisions
in Schedule 22 FA 1995 434
- claims carryback under SA 774
- cessations of businesses and S86
interest - new ESC 490
- dates and key events 315, 343
- Steeden V Carver 705
- directions that ITSA payments on acccount
do not apply 875
- discovery and disclosure 313
- discovery provisions with an open
enquiry window 875
- employee share schemes: 351
- enquiry work IR review 726
- enquiries - see Special Edition 2
- accountancy expenses incurred 596
- faster working - see supplement to
Special Edition 2
- error in tax calculation 487
- extension of deadline for PAYE electronic
filers 975
- farmers' averaging 282, 392
- getting up to date 111
- helpsheet IR204 687
- Income Tax Self-Assessment (ITSA)
Returns for 2000-2001 847
- incomplete returns 593
- insolvency 530
- late filing penalties and surcharges 527
- Machinery Legislation (ITSA) 850
- overlap profit
- apportionment 597
- recording overlap profit carried forward 597
- P11D substitute form 334
- partnerships
- assessing - 1996-97 293
- continuation elections 214
- CY basis of assessment 124
- due dates - composite partnership
assessment for 1996-1997 286
- extended time limits 339
- new procedures for taxing partnerships 146
- Schedule A income 271
- transitional issues - partnerships 450
- PAYE
- changes to PAYE 333
- claims to PAYE coding 350
- payment - effective dates of 300
- payments on account 174, 353, 470
- payments on account 1996-97 387
- payments on account and tax equalisation 551
- pence in SA tax returns 470
- pension contributions carry back 298, 361, 396, 443
- property co-ownership 350
- provisional figures in returns 593
- provisional relief 327
- reasonable excuse 527
- record keeping - optical imaging 283
- record keeping - CTSA and ITSA 587
- residence rulings and domicile 425
- tax return
- employment pages and tax equalisation 467, 551
- guide 729
- section 703 742
- standard accounts information (SAI) 436
- statements of account 509, 656, 673
- The Deadline for Surcharge Tax Under
Income Tax SA 826
- transition to the current year basis 111
- transitional arrangements
- submission of accounts 225

- transitional issues:
- claims under Section 383 ICTA 1996
for 1995-96 286
- requirements to submit SAI 371
- trustees and beneficiaries of bare trusts 395, 486
- trustees of certain pension schemes 628
- wayleaves and 1996-97 returns 457

Service Companies
- frequently asked questions 751
provision of personal services through
Intermediaries 715

Shares & Securities
- bond stripping 89
- Building Society windfalls 517
- deep discount securities
- issued in a foreign currency 100
- with less than 12 months maturity 101
- EIS - see under "Enterprise Investment Scheme"
- equity notes 68
- intra-group transfers 372
- purchase of own shares
- anti-avoidance provisions 429
- by unquoted company 280
- legal expenses incurred by a company 4
- qualifying corporate bonds (QCBs)
- consideration on share exchange 57
- devolution on death 46
- gift to charity 21
- transfers within a group 372
- qualifying indexed securities 195
- recognised overseas stock exchanges 657
- remuneration in shares - see under
"Schedule E"
- repos 266
- share buybacks and Section 703 ICTA 1988 590
- share option schemes
- phantom share scheme 19
- share related rewards 109
- share reorganisations - open offers 148
- swaps of interest or currencies 208
- Share options- internationally mobil
employees 883,951

Sheppard and Sheppard v CIR 90

Sickness and unemployment insurance 377

Simplification of tax law - see under "Tax law rewrite"

Social Security (Contrubutuions)
- amendment No 5)Regulations 2001 880
- share options 907

Solicitor's accounts and savings income
taxed at 20% 512

Software development costs 99, 531

Special Commissioners publication of decisions 258
Stamp Duty
- Finance Act 1994 234
- litigation
- unstamped documents contingency principle 459
- new rates and certificates of value 491
- Stamp Duty Reserve Tax
- interest and penalties interaction with
Stamp Duty 693
- penalties for failure to notify 589
- Stamp Taxes Bulletin 880

Statements of Practice
- Investment Manager Provisions FA 1995 829
- SP 4/85: Interest on loans used to buy land
occupied for partnership business purposes 437
- SP 3/91 finance lease rental payments 189
- SP 8/92 hold-over relief 417
- SP 13/93 roll-over relief 672

Stock Exchanges
- recognised overseas 657

Stock valuation
- farming 63
- motor dealers 156
- provisions 184

Subsistence - see under "Travel & subsistence"

Surcharge
- deadline under ITSA 826
- late paid tax 904

Swaps of interest or currencies 208

Taper Relief
- Employee Shares Held in Trust 829
- Exemption for disposals by companies with
substantial shareholdings 982
- Meaning of 'trading company' and related
issues para 22 Schedule A1 TCGA 1992 852
- Meaning of 'Security' 858

Taxation of commission, cash and
discounts 505

Taxback
- millions up for grabs from IR 792

Tax credit relief - see under "International tax"

Tax law rewrite: 264
- draft income tax (earnings & pensions) Bill 975
- first rewrite Bill 760
- plans for 1997 378
- rewrite of savings and investment income 592
- the way forward 335
- updates 675, 687

Tax treaties - see under "International tax"

Training courses
- deduction Schedule D Cases I and II 4, 400
Transfer of Assets Abroad 651

Transfer pricing - see under "International tax"

Travel expenses of directors 196

Travel and subsistence 185, 477, 497, 524
- travelling expenses and ESC A4 196
- self-employed lorry drivers 88

Trusts
- capital payments by offshore trusts to UK charities 573
- connected persons and losses, CGT 56
- employee share ownership trusts 399
- exempt demergers 162
- Inland Revenue Trusts 842
- non-resident trusts 82, 204, 888
- offshore trusts and "protected settlements" 620
- rate applicable 373
- relief for trustees
- mineral leases and timber cropping 374
- SA and trustees of certain pension schemes 628
- Schedule F income and trustees 629
- Share Scheme 937
- tax obligations of trustees and
beneficiaries of bare trusts 395, 486
- umbrella unit trust Schemes 419

Unapproved Retirement Benefit Schemes 224

Unit Trust Umbrella Schemes 419

Valuations
- allowable expenditure 116
- multiple land valuation scheme 158
- post transaction checks 401
- valuation of assets at date of death 209
- valuations applying Grey v CIR (1994) 337

Vans available for private use 96

Variation of inheritances following a death 194

VAT
- flat share scheme 973
- repayments received by sports clubs 209
- timing of refunds to opticians 255

Venture Capital Trusts
- funding of management buy-outs 243
- guidance 940
- co-investment and the control rule 471

Video tapes acquired for rental 254

Vouchers for repayment claims
- removal of requirement to send vouchers 491
Waste disposal sites
- site preparation expenditure 45
- site preperation expediture Section
91B ICTA 1988 828

Waste site expenditure 533
Wines And Spirits: CGT Treatment 686

Working Families' Tax Credit (WFTC) And
Disabled Person's Tax Credit (DPTC) 691

Work-in-progress - see also under "Schedule D"
- accountancy principles and taxable profits 485
- inclusion of interest 4

The following articles have been deleted since Index 1999

Tax Bulletin 2
Business Expansion Scheme:
Qualifying Companies - Company
Ceasing to trade Page 13

Tax Bulletin 8
Schedule 8: CIR v Herd Page 85
CT: ACT carry-back
Procter & Gamble Ltd v Taylerson Page 86

Tax Bulletin 10
Finance Bill 1994: Alteration to Tax Reliefs Page 105

Tax Bulletin 11
Countering Avoidance of PAYE Page 121

Tax Bulletin 14
Mortgage Interest Relief
Letting of Private Residence Page 173

Tax Bulletin 17
EIS: Capital Gains Reliefs Page 217
Mortgage Interest Relief
Letting A Private Residence New Rules Page 221

Tax Bulletin 18
Act/Tax Credit mismatch:
treatment of dividend income of 1993-1994 Page 247

Tax Bulletin 20
Charities: Schedule D case VI Income Page 265

Tax Bulletin 21
Vouchers for Claims to Repayment by or
on Behalf of Individual Taxpayers Page 291

Tax Bulletin 22
CT: Foreign Income Dividends Page 304
Tax Treaty update Page 307

Tax Bulletin 25
Transfer pricing: New OECD report -
guidance on Revenue procedure Page 345
Mutual agreement procedure Page 346

Tax Bulletin 27
Information available on the Internet Page 402

Tax Bulletin 29
Postponed Donations to Charities By Charity
Owned Companies Page 438
Enterprise Investment Scheme Page 443
Tax Bulletin 30
Tax treaty update Page 461

Tax Bulletin 32
Tax treaty update Page 493
Tax Bulletin 34
Tax Treaty update Page 515

Tax Bulletin 35
FID and Employee Benefit Trusts Page 554

Tax Bulletin 36
EIS: Update On Procedures Page 573
Tax Treaty update Page 576

Tax Bulletin 37
Deeds of Covenant Page 597

Tax Bulletin 39
Employers' Annual Pack And
Employers' Bulletin Page 633
Tax Treaty update Page 632

The following articles have been deleted since index 2000

Tax Bulletin 1
Finance Act 1991: points of interest Page 1

Tax Bulletin 4
Section 88 Interest on late returns Page 25

Tax Bulletin 7
Errors in returns: Section 88 interests Page 61
Interests in late payments Page 70

Tax Bulletin 8
CT: Pay & File Page 83

Tax Bulletin 12
Foreign Income Dividends Page 141
Principal Private Residence Relief Page 148
The Multiple Land Valuation Scheme Page 158

Tax Bulletin 14
Schedule E - Travel and Subsistence Page 185

Tax Bulletin 17
Foreign income Dividends Page 226

Tax Bulletin 18
Schedule D cases 1 & 11
Changes to accounting date Page 242
Mortgage interest relief:
Property used for residential and
business purposes Page 229

Tax Bulletin 20
Schedule A: Non-Resident Landlords Page 261
Schedule D cases 1 & 11
Changes to accounting date Page 271

Tax Bulletin 21
Pension Schemes Office
- Synopsis of update Page 290

Tax Bulletin 22
SA: Carry Back of Personal Pension
Contributions made in 1996-97 Page 298

Tax Bulletin 23
Senior Management Review Page 321

Tax Bulletin 24
Collecting Agents for Foreign Dividens:
Deduction of Tax Page 329
Pension Schemes Office
- Synopsis of update Page 342

Tax Bulletin 26
Pension Schemes Office
- Synopsis of update Page 376

Tax Bulletin 28
Pension Schemes Office
- Synopsis of update Page 421

Tax Bulletin 35
Corporation Tax:
- Case V Relief for Underlying Tax Page 561

Tax Bulletin 38
Self Assessment:
31 January 1999 Deadline Page 618

Tax Bulletin 40
Abolition of Advance Corporation Tax Page 655

Tax Bulletin 41
Recovery of unpaid NICs Page 670
Errors in some returns 1998-99
Self Assessment Tax Returns Page 674

Tax Bulletin 44
Self Assessment: 31 January Deadline Page 703
The Reform of Tax Reliefs
And Allowences Page 706

Tax Bulletin 45
Review of SA Enquiry Work Page 726

Tax Bulletin 47
IR: Internet Services Page 757

Tax Bulletin 48
Double Taxation Relief:
- FA 2000 Changes Page 770

Tax Bulletin 49
Centre for Non Residents Page 788
Taxback: Millions up for
grabs from the IR Page 792

The following articles have been deleted since index 2001

Tax Bulletin 1
Losses:
Carry back: Corporation Tax: Section 73 FA Page 2

Tax Bulletin 2
Life Assurance:
Premiums: whether allowable as incidental Page 13
costs of obtaining loan finance

Tax Bulletin 3
Liquidation:
Close investment-holding company Page 20

Tax Bulletin 4
Losses:
Carry back;corporation tax:Section 73 FA 1991 Page 29

Tax Bulletin 5
Commissions:
Insurance,receivable on indemnity terms Page 45

Tax Bulletin 8
"Hive Across" transactions Page 87

Tax Bulletin 12
Sch D Cases I & II:
bad and doubtful debts Page 154

Tax Bulletin 13
Capital Allowances:
Fixtures:machinery & plant Page 166

Tax Bulletin 14
Schedule D cases I and II - Provisions Page 184

Tax Bulletin 18
Interest - Property used for residential and
Business purposes Page 229

Tax Bulletin 22
Corporation Tax - group Income election Page 310

Tax Bulletin 23
Stock Valuation
- donations of stock to charities Page 319

Tax Bulletin 25
Internation Tax - credit relief for foreign tax Page 358

Tax Bulletin 28
Inheritance Tax - interest on unpaid tax
and on overpayments Page 422

Tax Bulletin 31
International Tax - underlying tax in repect
Of pre-merger profits Page 473

Tax Bulletin 36
International Tax - off shore trusts - capital
payments to UK charities Page 573

Tax Bulletin 38
Accountancy principals and taxable profits -
professional partnerships: catching up charge Page 606
on change to - "true and fair view"
Cash Basis - ICA guidance on "true and fair" Page 606

Tax Bulletin 39
Cash Basis - catching up charge for professionals Page 625
Schedule D Cases I and II - redundancy payments
- on cessaton of trading Page 630

Tax Bulletin 40
Accountancy principals and taxable profits-
impact on various financial reporting standards Page 636

Tax Bulletin 44
Accountancy pricipals ans taxable profits -
interaction of tax law and accountancy practice Page 707
Allowances and reliefs - reform in 1999 budget Page 706
Pension Schemes Office updates - synopsis Page 713

Tax Bulletin 56
Schedule D cases I and II - trade debt written back Page 901

Tax Bulletin Index is covered by Crown Cop-y-right. There is no objection to firms copying the Index for their own use. Anyone wishing to republish Tax Bulletin Index or extracts more widely should write for permission to:

Jayne Harler
Assistant Editor
Room G7
New Wing
Somerset House
Strand
London WC2R 1LB

 

 

Home
  Next   |  Top