Accountancy Service Provider not supervised by a designated professional body, such as the ICAI or the Institute of Certified Bookkeepers must register with HMRC.

Businesses that could be ASPs include accountants, auditors, tax advisers, book-keepers, payroll agents, tax consultants. There is an administrative deadline of 1 July 2008 for the receipt of applications to register such business. A full list of designated professional bodies is available on the link provided. Other items covered in this edition include:

• Details on the Tribunal decision in InsuranceWide.Com Service Ltd and the implications for insurance introductory services.
• Implication of renovating or altering disused residential premises.
• Details on the Three-year cap on making VAT claims.

Further details available at http://www.hmrc.gov.uk/news/index.htm