TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

UK tax tidbits

Tax developments of interest are outlined below.

  • HMRC has published new guidance to help businesses and agencies apply the agency legislation and new employment intermediaries’ travel and subsistence measures. The Employment Status Manual will be amended to reflect these updates in due course. This supplements the current guidance on agency legislation at ESM2029
  • A number of toolkits for agents have been updated:- Capital gains tax for trusts and estates supplementary toolkit, Capital gains tax for land and buildings toolkit, Expenses and benefits from employment toolkit, National insurance contributions and statutory payments toolkit and Chargeable gains for companies toolkit
  • Use the online form service or postal form (NRLY) if you’re a letting agent acting for landlords based outside the UK
  • An updated list of overseas corporate lenders who are recognised passport holders under the Double Taxation Treaty Passport Scheme register is available. Use DTTP1 to apply for a Double Taxation Treaty passport
  • A list of upcoming tax tribunal appeal hearings, including details of previous cases has been published
  • Use CT600 Budget insert for an overview of the main Budget changes affecting corporation tax
  • From 1 April 2016, a 3% additional stamp duty land tax supplement applies to the purchase of additional residential properties. Guidance notes on the changes being made are available
  • Key tax deadlines for agents in 2016/17 are available in a useful document
  • Updated rates and allowances for capital gains tax has been published
  • Taxonomies are updated periodically to reflect changes to legislation, accounting standards and so on. Find out more about when you should use a particular version of a taxonomy in the attached HMRC guidance.
  • Use form CH995 (online or postal) to allow a tax adviser or accountant to act on someone’s behalf for high income child benefit charge purposes
  • Use form R40 to claim a refund if someone thinks they have paid too much tax on interest on savings.
  • HMRC have now published final guidance on the Automatic Exchange of Information regimes which combines guidance on the Foreign Account Tax Compliance Act, Crown Dependencies & Overseas Territories, Directive on Administrative Cooperation and the Common Reporting Standard. This guidance now replaces all other guidance.
  • Spotlight 30 has been published. Spotlight bulletins are designed to highlight specific tax avoidance schemes. The current bulletin focuses on “gold bullion” avoidance schemes.
  • An up to date list of the countries that have committed to the initiative to automatically exchange information on beneficial ownership is available.
  • Use form VAT101 to report the value of goods and services supplied to VAT registered businesses in other EU member states.
  • Use the non-resident landlords scheme guidance notes for information on the non-resident landlords scheme.