HMRC has published a policy document ‘Income Tax and Corporation Tax: response to accounting changes for leasing’ together with a response to it’s consultation ‘Corporate Interest Restriction: Tax response to accounting changes for leasing’.
SME Tax News
HMRC have published an issue briefing ‘Disguised Remuneration charge on loans’ which includes more details about time to pay for individuals who have taxable income for 2018-19 of less than £50,000, plus more details about the number of people settling and the amounts collected so far.
HMRC has published a policy paper ‘Extension of security deposit legislation‘ which looks at extending the scope of the existing security deposits regime to include Corporation Tax and Construction Industry Scheme (CIS) deductions.
HMRC have confirmed that they do not intend to change how they deduct tax on flexible pension drawdowns.
HMRC have published their tax avoidance litigation decision results for 2017 to 2018 which show 23 cases won by HMRC, none lost and one mixed result.
HMRC has published a policy paper, ‘Capital Gains Tax payment window for residential property gains’ alongside its response to an earlier consultation on requiring taxpayers who dispose of residential property to pay tax on the capital gain within 30 days.
Hello
We have a draft Finance Bill for 2019 and some interesting changes coming up.
HMRC has published draft legislation to extend the non-resident capital gains to all UK property and moving non-resident companies into corporation tax on those gains.
HMRC has published draft legislation that will extend the discovery time limits for assessment of offshore income and gains.
HMRC has published a response to its consultation ‘Tax Avoidance involving Profit Fragmentation’ together with draft legislation included in the Draft Finance Bill 2019.