What's new

The United Kingdom signed a Tax Information Exchange Agreement (TIEA) with Gibraltar yesterday, which will help to ensure that those liable to tax in the U6K pay the right tax on investments in Gibraltar and on supplies of goods and services into and out of the UK.

The MRR calculator has been updated – most companies and organisations can use this tool to calculate any relief that’s due.

We've added answers to frequently asked questions about the LDF: find out more.

The Tax Law Rewrite project has published a revised version of the second Corporation Tax Bill (Bill 6). We have published both a clean copy and an annotated version showing where changes and additions have been made.

The Tax Law Rewrite project has published a revised version of the Taxation (International and Other Provisions) Bill (Bill 7). We have published both a clean copy and an annotated version showing where changes and additions have been made.

Statistics as pre-announced are now available.

We’ve updated the process you need to follow to register as self employed with HM Revenue & Customs: find out more.

A new Tax Information Exchange Agreement (TIEA) with Gibraltar was signed in London on 24 August 2009 and in Gibraltar on 27 August 2009.

Updated questions and answers on online filing for accountants, agents and advisers.

News letter produced by the JCCC highlighting discussions on Customs matters at European Union Meetings.

The August edition of the Inheritance Tax & Trusts Customer Newsletter is now available.

From April 2010 HM Revenue & Customs plan to phase out paper VAT returns. To find out more about these changes and the benefits of filing your VAT return online speak to our advisors at one of our free events.

Further to HMRC Brief 11/07, the aim of this Brief is to clarify HMRC's view of the VAT treatment applying to the purchase and use (eg leasing and chartering) of pleasure craft and sets out HMRC's approach to artificial structures.

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

Guidance has been published on legislation in Finance Act 2009 on late payments of interest between connected companies.

The technical pack for Saving Gateway has now been published. Please note that this information is for third party software developers only.

Pension Schemes Services (PSS) has today published an update to the QROPS list.

This leaflet explains what information a purchaser of red diesel or rebated kerosene/paraffin for his/her own use has to give the dealer.

Customs Information Paper on Revised Public Notices 306 and 308 - Temporary admission issued today.

Customs Information Paper on the new data element on the customs declaration - currency of invoice.

Customs Information Paper on Changes to the delivery method for Flexible Accounting System (FAS) Statements

Dave Hartnett talks about the latest opportunity for offshore account holders to come forward to HMRC and declare their untaxed offshore income and interest.

This revised notice cancels and replaces the February 2007 version.

HM Revenue and Customs (HMRC) has published technical guidance on the new VAT and Excise Wrongdoing penalties which will be implemented on 1 April 2010. This Business Brief gives an overview of how the new system will work.

HM Revenue & Customs have opened a telephone help desk to answer your questions on the Liechtenstein Disclosure Facility: find out more

The PAYE Service has been launched successfully as part of HMRC’s ongoing plans to improve customer service and increase efficiency. Tax agents and advisers can find information about this service by following this link.

This notice has been revamped to reflect new monetary limits and to make the Notice more reader friendly.

A Protocol to the UK/Singapore Double Taxation Agreement was signed on 24 August 2009.

Latest edition of 'Spotlights' which details selected avoidance schemes that are thought to be ineffective to discourage potential users.

On 28 August 2009, the Greenock Accounting Centre’s office will close. All accounting functions for gambling duties will finally transfer to the Cumbernauld Accounting Team (CAT) from that day and will be fully operational from 1 September 2009.

The Financial Products team are currently revising the Corporate Finance Manual, which provides guidance on the Corporation Tax rules on loan relationships, derivative contracts, foreign exchange, and other aspects of corporate finance.

The draft guidance relating to authorised investment funds explains the changes brought in by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (SI 2009/2036). The guidance is open for consultation until the 16 October 2009.

Further details on emails offering a tax rebate that are currently in circulation. HMRC do not contact customers by email to inform of a tax rebate.

These Directions specify the date for the purposes of mandatory electronic communications and for electronic payment for large employers and the standards of accurance and completeness to be satisfied in respect of the tax return for the 2010-11 tax year.

HMRC has issued an updated Boards Direction which sets out the approved methods of electronic communications for delivering information, for mandatory filing, for authentication of the forms P35 and P14, and for the making of payment.

Changes to the 3-monthly gaming duty payments on account, in line with the new bands of gross gaming yield made in the Finance Act 2009.

The Explanatory Memorandum explains the changes within the Gaming Duty (Amendment) Regulations 2009.

Statistics as pre-announced are now available.

This notice cancels and replaces Notice 75 of December 2007. Details of changes to the previous version can be found in paragraph 1.2 of this notice.

How to get certainty on significant business tax issues, Inheritance Tax clearance service for business owners, Code of Practice 10 and VAT Notice 700/6. These documents have been updated to reflect a number of recent changes.

Pension Schemes Services has now moved office and so all correspondence should be sent to Pension Scheme Services, FitzRoy House, Castle Meadow Road, Nottingham, NG2 1BD.

The brief sets out HMRC's policy on bingo duty as a result of the Rank ruling, and it also reminds operators of their legal obligations for accounting for duty.

This service will be available to users of our software and commercial software users as normal. However, due to essential maintenance, any submissions made during this period will receive a delay regarding response messages.

HM Revenue & Customs (HMRC) is writing to half a million companies and tax agents this month, to alert them to important changes to Corporation Tax (CT) filing.

The minutes of the June meeting of the Steering Committee have now been published.

HM Revenue & Customs (HMRC) officers investigating a £38 million suspected VAT fraud swooped in early morning raids today. The suspected fraud involved the trading of emissions allowances (often called 'carbon credits').

The list of certified funds has now been updated to show the latest position of funds which have applied for distributing fund status as at 1 July 2009.

Statistics as pre-announced are now available.

Corporation Tax on Chargeable Gains: Indexation Allowance: July 2009

The draft guidance relating to investment trust companies explains a new optional tax framework to allow investment trusts to invest in interest bearing assets without incurring a tax liability.

The National Intelligence Requirement for Organised Crime.

SOCA UK Threat Assessment of Organised Crime.

Customs Information paper 56 on the contact details for Customs, International Trade & Excise written enquiries.

Commission Regulation (EC) No 2658/87 of 23 July on the tariff and statistical nomenclature and on the Common Customs Tariff.

HM Revenue & Customs (HMRC) has published new regulations about whether information it has requested can be withheld due to legal professional privilege.

IR1 which provides a central reference to a large number of former Inland Revenue Extra-statutory Concessions (ESCs) has been updated, removing a number of ESCs whose effect has now been placed on a statutory footing.

This brief explains our revised policy on VAT recovery by local authorities on expenditure relating to capital works at voluntary aided schools.

The EOY and P38A internet technical pack for software developers is now available.

Further details on emails offering a tax rebate that are currently in circulation. HMRC do not contact customers by email to inform of a tax rebate.

An important message for Corporation Tax customers in Warwickshire.

An important message for Corporation Tax customers in Dorset.

This notice cancels and replaces Notice CCL1/5 January 2007. Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

This notice cancels and replaces Notice CCL1/4 June 2004. Details of any changes to the previous version can be found in paragraph 1.1 of this notice.

This notice cancels and replaces Notice CCL1/3 January 2007. Details of any changes to the previous version can be found in paragraph 1.1 of this notice.

This notice cancels and replaces Notice CCL1/2 August 2005. It also cancels Technical Briefs 15 and 18.

This notice cancels and replaces Notice CCL1/1 November 2006. Details of any changes to this previous version can be found in paragraph 1.1 of this Notice.

This notice cancels and replaces Notice CCL1 October 2006. Details of any changes to the previous version can be found in paragraph 1.1 of this notice.

Closure of premium splitting avoidance loophole in Insurance Premium Tax following the High Court decision in Homeserve.

We have published a response document which contains a summary of the comments received on paper CC/SC(09) 09: Industrial and Provident Societies and Co-operatives. The document also shows how we have dealt with the comments received.

Clarification of procedures and guidance concerning the use of end use relief in conjunction with Article 14 c of the above Commission regulation.

Updated guidance following Finance Act 2009.

The Authorised Investment Funds (Tax) (Amendment No.2) Regulations 2009.

Explanatory Memorandum to The Authorised Investment Funds (Tax) (Amendment No.2) Regulations 2009.

Draft guidance has been published for comment on the foreign exchange anti-avoidance provisions contained in Schedule 21 of Finance Act 2009.

CC/FS 10 - Fact sheet giving detailed information about what happens when we suspend penalties for careless errors.

CC/FS 7 - Fact sheet giving detailed information about penalties following a compliance check.

Commission Regulation (EC) No 674/2009 Of 22 July 2009 concerning the classification of certain goods in the Combined Nomenclature

A new VAT Information Sheet 14/09 and Revenue & Customs brief 51/09 are being published to replace the incorrect VAT Information sheet 12/09 and Revenue & Customs Brief 44/09 which are now withdrawn.

This leaflet has been updated and the new version is now available online.

We don't want you to miss out on any money you are entitled to. However, the deadlines for Self Assessment and PAYE taxpayers to claim back tax are changing.

This guidance explains the duties of Senior Accounting Officers of qualifying companies liable to taxes and duties in the UK, in ensuring that they establish and maintain appropriate tax accounting arrangements as required by Schedule 46 of the Finance Act 2009.

The Stamp Duty Land Tax (Use of Information Contained in Land Transaction Returns) Regulations 2009.

Explanatory memorandum to the Stamp Duty Land Tax (Use of Information Contained in Land Transaction Returns) Regulations 2009.

The Finance (No. 2) Act 2005, Sections 48(1) to 48(5), (Appointed Day) Order 2009.

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.11) 2009.

Explanatory Memorandum to the Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.11) 2009.

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 10) 2009.

Explanatory Memorandum to the Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 10) 2009.

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 7) 2009.

Explanatory Memorandum to the Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 7) 2009.

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 6) 2009.

Explanatory Memorandum to the Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 6) 2009.

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 5) 2009.

Explanatory Memorandum to the Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 5) 2009.

Guidance on the reversion of the standard rate of VAT to 17.5% on 1 January 2010 and the operation of the anti-forestalling legislation.

The Tax Chamber of the First-tier Tribunal have today ordered over 300 banks to give details to HM Revenue & Customs (HMRC) about their customers who hold offshore accounts.

The latest ISA Bulletin is now available. It contains articles on amendments to the ISA Regulations, American Depositary Receipts (ADRs)/American Depositary Shares(ADSs), Bed & ISA transactions (Share Exchanges).

The Negligible Value List has been updated to include New Negligible Value Agreements in July.

This leaflet has been updated and the new version is now available online.

The International Movement of Capital (Required Information) Regulations 2009 were laid before Parliament on 11 August 2009.

Confirmed details are now available on the terms of the Liechtenstein Disclosure Facility (LDF) which was announced yesterday. You can read the Memorandum of Understanding and Joint declaration here.

Information on what counts as reasonable excuse when an online tax return is filed late.

The minutes of the meeting held on 24th June have now been published.

Further details on emails offering a tax rebate that are currently in circulation. HMRC do not contact customers by email to inform of a tax rebate.

The Loan Relationship and Derivative Contract (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations 2009.

Explanatory Memorandum to The Loan Relationship and Derivative Contract (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations 2009.

The 2010 Internet Technical Pack for Software developers is now available.

In 1996 and 1997, the Government introduced a 3-year limitation period for repayment claims for overpaid VAT, the correction of errors and late claims to input tax. This guidance sets out how to deal with these claims.

This revised notice provides advice on when relief from import duties can be claimed if temporarily importing a motor vehicle, civil aircraft or vessel.

With effect from 1 August 2009, we no longer require companies who operate approved share schemes to inform us of the changes in constituent (participating) companies as part of the approval agreement.

This revised 306 provides advice for importers / exporters about relief from import duties that can be claimed if temporarily importing containers and pallets.

This brief sets out HMRC's view on the Inheritance Tax position in relation to contributions to an Employee Benefit Trust.

Unique taxpayer reference numbers for overseas investors in Investment Partnerships.

The Air Passenger Duty (Amendment) Regulations 2009.

Explanatory Memorandum to the Air Passenger Duty (Amendment) Regulations 2009.

The Aircraft Operators (Accounts and Records) (Amendment) Regulations 2009.

Explanatory Memorandum to the Aircraft Operators (Accounts and Records) (Amendment) Regulations 2009.

Pension Schemes Services (PSS) has today published an update to the QROPS list.

Half day events which bring together tax agents and advisers and operational HMRC staff, to learn about the new compliance checks.

Two ground breaking tax agreements between the Government of Liechtenstein and the UK signed today will result in off shore investments in Liechtenstein made by UK residents being properly taxed and represent the commitment of Liechtenstein to increased tax transparency.

A Tax Information Exchange Agreement with Liechtenstein was signed in Vaduz, Liechtenstein on 11 August 2009.

The date from which the new code 420 must be inserted in box 36 of the SAD (Single Administrative Document) for quota claims on a first come first served basis on processed agricultural products imported from Turkey.

An information update on the implementation of AEO.

This notice cancels and replaces Notice 812 (April 2005). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

A new version of Tool B for Research & Development (R&D) expenditure incurred on or after 1 August 2008 is now available.

This Techncial Note and draft clauses contain proposals to address Exchequer risk from overhedging and underhedging transactions.

Commission Regulation (EC) No 609/2009 of 8 July 2009 concerning the classification of certain goods in the Combined Nomenclature.

Those crude oils that are valued using Price Reporting Agency data. At 1st July 2006 these crudes are Brent, Ekofisk, Flotta, Forties and Statfjord.

Electronically supplied services: special scheme for non-EU businesses - changes.

Please read this important briefing produced by HMRC in partnership with Agents.

Confirmed details are now available about the New Disclosure Opportunity (NDO)

Invitation to take part in the MLR fee review.

These regulations insert a new description which requires the disclosure of certain pension scheme arrangements. Guidance is published alongside these regulations.

Further details on emails offering a tax rebate that are currently in circulation. HM Revenue & Customs do not contact customers by email to inform of a tax rebate.

This brief sets out HMRC's concerns regarding the application of tax, National Insurance and National Minimum Wage legislation in respect of temporary workers.

We're continuing to make improvements to our website, making the information and guidance easier to find and understand.

Updated questions and answers on online filing for accountants, agents and advisers.

The form to be used when applying for approval as an ISA manager has been updated.

The latest EMCS Newsletter is available- this edition provides an update on the EMCS UK delivery timetable and an article about the new trader type-Registered Consignors.

This brief replaces Revenue & Customs Brief 42/08. It is intended to clarify the rules for vehicles involved in grass cutting work.

HMRC invites feedback on the progress we have made and on our future plans for Equality Impact Assessments.

List of registered CASCs has been updated.

Draft guidance on distribution exemption.

The Lloyd’s Underwriters (Equalisation Reserves) (Tax) Regulations 2009.

Explanatory Memorandum to The Lloyd’s Underwriters (Equalisation Reserves) (Tax) Regulations 2009.

The Income and Corporation Taxes (Electronic Certificates of Deduction of Tax and Tax Credit) (Amendment) Regulations 2009.

Explanatory Memorandum to The Income and Corporation Taxes (Electronic Certificates of Deduction of Tax and Tax Credit) (Amendment) Regulations 2009.

The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009.

Explanatory Memorandum to The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009.

The Authorised Investment Funds (Tax) (Amendment) Regulations 2009.

Explanatory Memorandum to The Authorised Investment Funds (Tax) (Amendment) Regulations 2009.

The General Insurers’ Technical Provisions (Appropriate Amount) (Tax) Regulations 2009.

Explanatory Memorandum to the General Insurers' Technical Provisions (Appropriate Amount) (Tax) Regulations 2009.

These FAQs provide further clarification on the use of red diesel in agricultural vehicles used on the public road.

Find out about the improved PAYE Service.

The Terms of Reference were agreed at the second meeting of the Forum and have been published along with the papers and minutes of the meeting held on 30 June 2009.

The Value Added Tax (Emissions Allowances) Order 2009.

Explanatory Memorandum to the Value Added Tax (Emissions Allowances) Order 2009.

The Individual Savings Account (Amendment No. 2 Regulations 2009.

Explanatory Memorandum to the Individual Savings Account (Amendment No. 2 Regulations 2009.