What's new

This page shows what has been recently added to the site. For other listings please see our News Releases, Indirect taxes and duties updates and Guides and Business Briefs of ongoing changes and reforms to general tax and duty.

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29 June

Pension Schemes Services contracting out forms

Following the ending of contracting out on a defined contribution (money purchase) basis from 6 April 2012 HMRC has revised Forms APSS 101, APSS 155A and APSS 155B and their completion notes.

2012-06-29
New form IHT 38

HM Revenue and Customs (HMRC) have today published a new form IHT 38 Claim for relief - loss on sale of land.

2012-06-29
Tariff Stop Press Notice 23/12

Please note the following amendments to Volume 2 of the printed Tariff and CHIEF applicable from 13 June 2012.

2012-06-29
Technical Information for EDI software developers - 2013-14 RTI update

The Message Implementation Guides (MIGs) have been published for 2013-14 RTI and 2012-13 Earlier Year Update (EYU) in the software developer technical pack for EDI submissions.

2012-06-29
Technical Information for internet software developers - 2013-14 RTI update

The schemas and other RIM artefacts have been published for 2013-14 RTI and 2012-13 Earlier Year Update (EYU) in the Software developer technical pack for internet submissions.

2012-06-29
Beth fydd yn digwydd os byddwn wedi talu gormod o gredydau treth i chi? (PDF 159K)

Mae gordaliad yn golygu ein bod wedi talu mwy o arian i chi nad oedd hawl gennych iddo. Gallwch apelio os credwch fod swm y credydau treth a ddyfarnwyd i chi yn y lle cyntaf yn anghywir. Fel arfer rhaid i chi wneud hyn o fewn 30 diwrnod o'r dyddiad a nodir ar eich hysbysiad o ddyfarniad. Gallwch hefyd apelio yn erbyn unrhyw gosb a godwyd gennym mewn cysylltiad â’ch cais am gredydau treth neu os ydym yn penderfynu codi llog ar unrhyw ordaliad.

2012-06-29
Revenue & Customs Brief 20/12

This Brief explains the changes that will be made to the treatment of fuel additives with effect from 1 January 2013.

2012-06-29
Real Time Information - Technical information for EDI Trading Partners and Software Developers

The Real Time Information page for EDI Trading Partners and Software Developers has been updated with further documentation.

2012-06-29
Tariff Stop Press Notice 24/12

Notification of changes to the monthly trade euro rate for July 2012

2012-06-29
National Statistics: Property and Stamp Duties (Non-domestic rating)

Property and Stamp Duties (Non-domestic rating) tables 17.1, 17.2, 17.3 and 17.6 as pre-announce now available.

2012-06-29
National Statistics: Property and Stamp Duties (Analyses of Property Transactions)

Property and Stamp Duties (Analyses of Property Transactions) tables 16.1, 16.2 & 16.4 as pre-announce now available.

2012-06-29
National Statistics: Charitable donations and Tax Reliefs

Charitable donations and Tax Reliefs tables as pre-announced have now been published.

2012-06-29
Procurement Dataset - All new items of HMRC spending over £25000

The related spreadsheet sets out details of HM Revenue & Customs (HMRC) paid items for more than £25000 for the month of May 2012.

2012-06-29

28 June

Summary of Responses: VAT - Addressing borderline anomalies

This document summarises the responses to the consultation on VAT borderline anomalies.

2012-06-28
vat
Notice 192 Registered Dealers in Controlled Oil

The latest version of this notice has now been published. This notice cancels and replaces the previous version in August 2009. Details of any changes to the previous version can be found in paragraph 1.2.

2012-06-28

27 June

Consultation on Office of Tax Simplification's recommendations for employee share schemes

This consultation follows the Office of Tax Simplification's report on tax advantaged employee share schemes, and was announced at Budget 2012.

2012-06-27
Consultation on extending access to Enterprise Management Incentives for academic employees

This consultation document seeks comments on proposals to extend access to Enterprise Management Incentives to academics employed by a qualifying company, as announced at Budget 2012.

2012-06-27
CT
Agent Update 30 (PDF 506K)

The bi-monthly round up of the latest developments in tax, HMRC service and consultations for accountants and tax professionals.

2012-06-27
agents
Announcement - Delay in the publication of taxable benefits in kind and expense payments Tables 4.1 to 4.5 (June 2012)

The delay in the publication of taxable benefits in kind and expense payments tables 4.1 to 4.5 is due to methodology issues.

2012-06-27
agents
Earlier release for Research & Development Tax Credit statistics

Earlier release for Research & Development Tax Credit statistics will now be published on 31st August two months earlier than last year.

2012-06-27
NCTS Trader Test System - accession of Croatia to the Common Transit Convention

The NCTS Trader Test System has now been upgraded with the latest version to enable traders to test their software. Croatia will join the Common Transit Convention from 1 July 2012.

2012-06-27

26 June

Stamp Taxes Bulletin 2/2012 (PDF 144K)

The Stamp Taxes Bulletin 2/2012 has now been published under Technical Guidance.

2012-06-26
stamps; agents
The current tax treatment of instruments designed to be compliant with CRD 4 (PDF 33K)

Read about HMRC's views on the tax treatment of financial instruments designed to be qualifying regulatory capital instruments.

2012-06-26
agents; CT
Changes to National Insurance rules for people going to or coming from Norway, Iceland and Liechtenstein

From 1 June 2012 the rules contained in EC Regulations 883/2004 and 987/2009 will apply to Norway, Iceland and Liechtenstein. These rules can affect the National Insurance contributions liabilities of people moving between EU Member States and these countries or in certain cross border situations.

2012-06-26
National Statistics: Tax receipts and taxpayers

Tax and NICs receipts, information and analysis.

2012-06-26

25 June

Employers: questions and answers on making share-based payments to an employee after they have left (PDF 44K)

Revised guidance for employers providing share-based payments to former employees has been published. This guidance takes precedence over the previous version, however HMRC acknowledge that some 2012-13 payments will already have been made or arranged according to the original guidance.

2012-06-25
agents
PAYE for employers: Send your 2011-12 Expenses and Benefits forms now

Expenses and Benefits forms P11D, P11D(b) and P9D for 2011-12 must reach HMRC by 6 July 2012 or you may face a penalty.

2012-06-25
agents
National Statistics: Scheduled publication updates for July and August 2012

National Statistics Scheduled publication updates for July and August 2012.

2012-06-25

22 June

Money Laundering Regulations - new guidance for Money Service Businesses

An announcement to Money Service Businesses to let them know about new guidance under the Money Laundering Regulations 2007 and what they need to do.

2012-06-22
agents
National Insurance: New EU rules for flight and cabin crew working in two or more Member States

Amendments introduced to EC Regulation 883/2004 to determine the National Insurance contributions liability of aircrew normally employed in two or more Member States. Contributions will be paid to the Member State where they have their 'Home Base'.

2012-06-22

21 June

National Statistics: Announcement 2

Changes to the publication dates of Income Tax Receipts Statistics (tables 2.8 and 2.9) - June 2012.

2012-06-21
The Small Charitable Donations Bill and Gift Aid Small Donations Scheme

Gift Aid Small Donations Scheme: Summary of responses to consultation June 2012.

2012-06-21
charities
National Statistics: Announcement 1

Delay in the publication of taxable benefits in kind and expense payments Tables 4.1 to 4.5 (June 2012).

2012-06-21
Customs Information Paper (12) 34 (PDF 28K)

Tariff Preference: extension of derogation from Rules of Origin - fish products from Cape Verde.

2012-06-21
ISA Bulletin 44 (PDF 93K)

The latest ISA Bulletin is attached. It contains articles on American Depositary Receipts, invalid applications to open a Junior ISA and amendments to the ISA Regulations.

2012-06-21
Statutory residence test (Opens new window)

HM Treasury have published a summary of responses to the 2011 consultation. This document also sets out the Government's proposal to reform ordinary residence and contains draft legislation and further consultation questions. Responses are required by 13 September 2012.

2012-06-21
Workplace Pension Schemes and Auto-enrolment

HMRC has updated its Q&A document on salary sacrifice arrangements in order to add additional information on workplace pension schemes and auto-enrolment.

2012-06-21
National Statistics: Number of residential property transaction completions with value £40,000

Property Transaction completions with value £40,000.

2012-06-21

20 June

National Statistics: Child and Working Tax Credits Error and Fraud Statistics

Child and Working Tax Credits Error and Fraud Statistics is now available for years 2010-11.

2012-06-20
Scope expands for Real Time Information pilot

New PAYE schemes which are set up after November 2012 and existing employers who become clients of pilot software providers, bureaux or agents will be able to join the pilot from November 2012.

2012-06-20
agents
Tariff Stop Press Notice 22/12

Amendments to volume 2 Chapter 73 of the printed Tariff and CHIEF applicable from 15 June 2012.

2012-06-20

19 June

Tariff Notice 09/12

A new Regulation EU 455/2012 has been published in OJ L 141/6.

2012-06-19
Controlled Foreign Companies and permanent establishments - draft guidance

HM Revenue & Customs has published draft guidance for consultation, to support draft legislation in Finance Bill 2012 that applies to Controlled Foreign Companies and permanent establishments.

2012-06-19
agents; CT
PAYE for employers: Basic PAYE Tools

The latest version of HMRC's Basic PAYE Tools to help employers run their payroll systems is now available.

2012-06-19
agents
Corporation tax table 11.1A (change to publication date)

Corporation tax table 11.1A will now be published on Friday 10th August.

2012-06-19
agents; CT

18 June

PAYE for employers: Expenses and Benefits - Have you filed forms P11D, P11D(b) and P9D yet?

Send your 2011-12 forms P11D, P11D(b) and P9D as soon as they are ready. They are due by 6 July 2012 and if you miss the deadline you may receive a penalty.

2012-06-18
agents
New SDLT6 guidance notes will be released on 2 July 2012

HM Revenue & Customs will release new SDLT6 guidance notes for customers who file their SDLT return on paper to use from 2 July 2012.

2012-06-18
agents
V1-8: Land & Property

An updated version of this book of guidance dealing with the VAT treatment of land and property transactions has been issued. This replaces the previous version issued in 2002.

2012-06-18
vat; agents

15 June

HMRC organisation latest charts and supporting datasets

The latest charts and supporting datasets as at 31 March 2012 have now been published.

2012-06-15
Life Insurance - Qualifying Policies

This consultation document seeks views on proposals for the implementation of the annual limit to the amount of premiums payable into Qualifying Life Insurance Policies, as announced at Budget 2012.

2012-06-15
News Release: 'Drugs broker' jailed for 9 years

A key player in a major drug smuggling gang, who fled the country in 2004, has been jailed for nine years today for his involvement in an attempt to smuggle £2million worth of cocaine into the UK.

2012-06-15

14 June

News Release: Views sought on how to develop RTI compliance

HM Revenue & Customs has published a consultation document which aims to make PAYE reporting in real time as easy as possible for employers, whilst deterring those who deliberately try to avoid complying.

2012-06-14
Double Taxation Agreements and Tax Information Exchange Agreements

HMRC has announced details of the UK's treaty negotiating priorities for the year to 31 March 2013.

2012-06-14
UK/Marshall Islands Tax Information Exchange Agreement (PDF 38K)

A Tax Information Exchange Agreement (TIEA) between the UK and the Marshall Islands was signed in Majuro, Republic of the Marshall Islands on 20 March 2012.

2012-06-14
Toolkits to help minimise common errors

HMRC has published the updated Business Profits and Capital v Revenue Toolkits to assist agents when completing their clients' 2011-12 returns.

2012-06-14
Revenue and Customs Brief 19/12

This brief explains how HMRC will apply the Social Security (Categorisation of Earners) Regulations 1978 to entertainers following the Upper Tribunal decision in the case of ITV Services Ltd v HMRC.

2012-06-14
Consultation document on securing compliance with RTI including proposals for the late filing and late payment penalty models.

This consultation seeks views on how to maximise compliance with Real Time Information and how to structure the basic penalties that will apply to employers who do not meet their information and payment obligations in full and on time.

2012-06-14

13 June

Pensions: Asset-backed contributions draft guidance (PDF 91K)

Draft guidance has been published relating to employer asset-backed pension contributions (ABC arrangements).

2012-06-13
Category 1 crude oil values (PDF 32K)

Crude oils that are valued using Price Reporting Agency data, updated May 2012 have now been published.

2012-06-13

12 June

Amusement Machine Licence Duty - Machine Games Duty Transition - Excise Information Note (02/12)

Important information about Amusement Machine Licence Duty applications for licences from 1 August 2012 to 3 November 2012.

2012-06-12
General Anti-Abuse Rule (GAAR) consultation published

The consultation on a General Anti-Abuse Rule (GAAR) has been published today. HMRC would like to hear the views of interested parties.

2012-06-12
agents; charities; CT

11 June

The Code of Practice on Taxation for Banks: updated guidance

HM Revenue & Customs has published further guidance to help banks understand the boundary between transactions which fall within the ambit of the Code of Practice and those which don't.

2012-06-11
Signature of the UK/Liechtenstein Double Taxation Agreement

The UK/Liechtenstein was signed 11 June 2012 by David Gauke MP and the Prime Minister of Liechtenstein.

2012-06-11
Revenue & Customs Brief 16/12

This Brief gives an overview of HMRC's refreshed guidance concerning the application of the Senior Accounting Officer (SAO) rules.

2012-06-11
Income Tax Business Investment Relief Draft Regulations

HMRC is inviting comments on draft Business Investment Relief regulations for foreign income and gains.

2012-06-11
CT
List of registered Community Amateur Sports Clubs (CASCs)

An updated list of registered CASCs has now been published.

2012-06-11
charities; agents

8 June

Double Taxation Relief for gambling duties (PDF 126K)

A draft version of Notice 456 explaining Double Taxation Relief for gambling duties has been published.

2012-06-08
News Release: Rail 'hero' jailed in tax fraud

An IT consultant who failed to declare almost £2 million of income received from an IT consultancy business, was jailed for five years today for tax fraud.

2012-06-08
Pension Schemes Newsletter 54 (PDF 82K)

The June 2012 edition has now been published.

2012-06-08
Reporting Offshore Funds (XLS 4MB)

The list has now been updated to show to include the funds that have entered the Reporting Fund Regime as at 7th May 2012.

2012-06-08

7 June

Pensions Industry Business Update May 2012 Issue No 2 (PDF 1.20MB)

The latest Pensions Industry Business Update formally the National Insurance Services to Pensions Industry Newsletter has been published

2012-06-07
Student Loans - a new factsheet for agents (PDF 139K)

A factsheet for agents who have Self Assesment clients who are student loan borrowers has been published.

2012-06-07
agents
Qualifying Recognised Overseas Pension Schemes (QROPS) (PDF 133K)

HM Revenue & Customs has today published an update to the QROPS list.

2012-06-07
UK/Switzerland: exchange of letters (PDF 9K)

UK and Switzerland have exchanged letters which will update the exchange of information provision in the double taxation convention between the UK and Switzerland.

2012-06-07
National Statistics: latest release of UK Regional Trade in Goods estimate (Opens new window)

UK Regional Trade in Goods estimates have been published, for the first quarter 2012.

2012-06-07
Form C1314 Returned goods relief (PDF 674K)

An updated version of this form has now been published (May 2012).

2012-06-07
vat

6 June

Corporation Tax on chargeable gains - Indexation Allowance (PDF 43K)

Tables showing the Indexation Allowance for assets disposed of in April 2012 is now available.

2012-06-06
agents; CT
Government announces State aid approval for EIS and VCT limit increases

The UK has now received State aid approval for the proposed increases to the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) size and investment limits.

2012-06-06
CT
VAT Notice 700/56 Insolvency

The latest version of this notice has now been published. This notice cancels and replaces Notice 700/56 November 2011. Details of any changes to the previous version can be found in paragraph 1.1 of this notice.

2012-06-06
agents; vat
PAYE for employers: making a standard payment to an employee after issuing a P45 (PDF 2.3MB)

Change to instruction in 'CWG2(2012) Employer further guide to PAYE and NICs' when submitting a P14 for a payment made after an employee has left and who has already been issued with a P45 part 1.

2012-06-06
agents
VAT Notice 700/34 Staff

The latest version of this notice has now been published. This notice cancels and replaces the previous version in May 2005. Details of any changes to the previous version can be found in paragraph 1.2.

2012-06-06
agents; vat
Selling your Olympic Torch

Consider your Income Tax or Capital Gains Tax liability if you sell your Olympic Torch or donate the sale proceeds to charity.

2012-06-06

1 June

Revenue & Customs Brief 18/12

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 that was published in Revenue & Customs Brief 15/12.

2012-06-01
agents; vat
Tariff Stop Press Notice 20/12

Amendments to volume 2 of the printed Tariff and CHIEF applicable from 24 May 2012.

2012-06-01
VAT Notes 2 of 2012

HM Revenue & Customs publish VAT Notes quarterly. They contain a summary of all recent changes to the VAT rules and announce future changes.

2012-06-01
agents; vat
Pension Schemes online user guide (PDF 485K)

A revised online user guide has been published which includes amended guidance on how to register as a scheme administrator or practitioner.

2012-06-01
Use the correct Gift Aid repayment form - act now

How HMRC will respond to charities and Community Amateur Sports Clubs who have completed old style form R68(i)

2012-06-01
agents
Updated Message Implementation Guides (MIGs) for 2012-13 Real Time Information (RTI)

The EDI RTI software developer page has been updated to include amended 2012-13 Message Implementation Guides (MIGs).

2012-06-01
agents
RTI technical pack update - software developers only

The RTI technical pack has been updated to include amended 2012-13 artefacts.

2012-06-01
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.

2012-06-01
agents; vat

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