Sufficient ties test

ACCA UK have produces a series of articles on residence and domicile, following the introduction of the statutory residence test from 6 April 2013.

Repairs and renewals

HMRC have issued Revenue and Customs Brief 05/13 Direct tax: Guidance on repairs and renewals of assets, its draft guidance on what is a repair for direct tax purposes.

Pension and employer benefit consultants

HMRC issue briefing relating to pension and employee benefit consultants.

Four automatic overseas residence tests

ACCA UK have produces a series of articles on residence and domicile, following the introduction of the statutory residence test from 6 April 2013.

Temporary periods of non-residence

ACCA UK have produces a series of articles on residence and domicile, following the introduction of the statutory residence test from 6 April 2013.

Residence and Domicile

Visit our dedicated section on Residence and Domicile following the introduction of the statutory residence test with effect from 6 April 2013.

Research & Development Tax Relief

An overview of the tax reliefs available on expenditure on research and development

Back to basics: loan interest relief

A look at the rules relating to tax relief on loan interest.

Above-the-line credit

Budget 2013 announced the introduction of an above-the-line credit for research and development (R&D) expenditure incurred by large companies on or after 1 April 2013.

VAT consultations: a roundup

Details of VAT updates.

VAT: European changes

A summary of the latest changes to VAT across Europe.

General anti-abuse rule

After much speculation a general anti-avoidance rule – the General Anti-Abuse Rule (GAAR) – has emerged within the Finance Bill 2013

Changes to class 2 and class 4 NICs

Sleeping and inactive partners will be affected by changes introduced by HMRC this month.

The 40th anniversary of VAT in the UK

Chas Roy-Chowdhury, May 2013. This paper provides a high-level review of the first 40 years of VAT in the UK, its context in the European Union and its future prospects. We see in the paper the general trend towards governments using VAT to a much greater extent as a significant revenue raiser and the increasing pressures to broaden the VAT base by reducing exemptions and zero rates.

Finance Bill 2013

A look at some of the highlights of the 2013 Finance Bill

Disadvantaged Area Relief (DAR)

Information on claims following abolition of Disadvantaged Area Relief (DAR)

Plant & Machinery: Comment on Fixtures

HMRC guidance on Plant and Machinery Allowances for secondhand fixtures

Taxable commission

HMRC have issued Revenue and Customs Brief 04/13 Payments of trail commission.

HMRC Agent Account Manager service

HMRC has set up a team of Agent Account Managers (AAMs) to assist agents and advisers to deal with HMRC more easily and effectively

HMRC Isle of Man disclosure facility

Details of the recently agreed Isle of Man disclosure facility

Bad debts

HMRC have revised VAT Notice 700/18: Relief from VAT on bad debts.

Alternative dispute resolution (ADR) becomes permanent

ACCA| HMRC Alternative dispute resolution services becomes permanent from 2013/14.

Charities online

From 22 April 2013, charities and Community Amateur Sports Clubs (CASCs) will be required to use HMRC’s charities online service to obtain repayment of gift aid.

Budget 2013

ACCA have produced a Guide to the 2013 Budget.

Capital gains tax and property: common pitfalls

To coincide with the launch of HMRC's property sales campaign, we take a look at capital gains tax and property.

Collecting small debts through PAYE

From April 2012 HMRC will be able to collect debts up to the value of £2999.99 by amending the tax code of individuals in PAYE employment or receiving a UK-based pension.

Changes to the taxation of UK property

A round-up of recent changes to the taxation of UK property.

High-income child benefit charge - opting out

Elections not to receive child benefit for higher rate taxpayers will need to be considered soon for 2013/14

Property sales campaign

HMRC campaign looking into the sale of property

Child benefit tax charge

The child benefit charge on ‘high income’ families comes into effect for 2012/13, but only applies from 7 January, 2013.

Business record checks

HMRC business record checks are revived from 1 November 2012.

HMRC v Pawson

HMRC v Pawson: no business relief on furnished holiday letting

Gaming duty

HMRC has updated and issued Notice 452 Machine Games Duty

Import VAT relief

HM Revenue & Customs have recently updated their VAT Notice on Import VAT relief for goods supplied onward to another EC county, VAT Notice 702/7

VAT Notice 701/21 on gold

HMRC has updated its VAT Notice 701/21 on gold

Finance notice 701/49

HM Revenue & Customs has recently updated its VAT Notice on Finance, Notice 701/49

Retail

HM Revenue & Customs have recently updated their VAT Notice on Retail Schemes, VAT Notice 727/5.

Tax treaties

Details of new tax treaties.

IHT - Situs of debts

HMRC has updated its Inheritance Tax Manual regarding situs of debts.

Pension schemes

HMRC has issued Notice 700/17: funded Pension schemes. It provides guidance for employers and trustees on claiming input tax on funded pension scheme expenditure.

Universal credits

Universal credit is likely to have a significant impact on small businesses.

Transfer of a business as a going concern (TOGC)

VAT Notice 700/9 Transfer of a business as a going concern is effective now and replaces the April 2008 edition of the notice.

Capital allowances - fixed structures

HMRC have issued Revenue & Customs Brief 32/12: Plant and Machinery Allowances: polytunnels.

High income child benefit charge

What the changes to child benefit will mean for your clients

Special relief (formerly equitable liability)

Understand the concept of ‘special relief’, formerly known as ‘equitable liability’.

VAT and the transfer of a Going Concern

HMRC issues Brief 30/12 following Tribunal decision.

Advice for Santander customers paying tax via its Bill Pay service

HMRC has informed us that Santander is having temporary problems with its Bill Pay service.

Vouchers

This short article looks at the circumstances in which vouchers are classed as a taxable benefit.

Van benefits

Where an employee is provided with a van and this is available for private use, there is a fixed benefit of £3,000...

Travelling and subsistence

HMRC Booklet 490 is an excellent guide, explaining the extended reliefs relating to travelling and associated expenses.