HMRC’s post implementation review of real time information and final guidance on the legislation on penalties for enablers of defeated tax avoidance arrangements feature this month.

• HMRC have released final guidance on the legislation on penalties for enablers of defeated tax avoidance arrangements (Schedule 16, Finance (No. 2) Act 2017) which came into effect on 16 November 2017.
• HMRC has published VAT Information Sheet 07/17 to explain its policy on how VAT is applied to the construction of buildings that keep/make use of parts of a building that previously stood on, or were adjacent to, the site where the works of construction are taking place. This policy affects the liability of the first grant of a major interest by the person who is constructing the building.
• In Agent Update 63, agents are advised that from 1 April 2018, all online ATED returns must be filed using the new ATED digital service.
• HMRC has updated the list (List 3) of professional bodies and learned societies, approved by HMRC for the purpose of section 344 ITEPA 2003 (allowable deductions from earnings for fees and subscriptions paid to professional bodies/learned societies). The list includes all bodies approved up to October 2017
• HMRC has issued Revenue and Customs Brief 6 (2017) to provide information on how it will treat claims for VAT refunds by local authorities following the Court of Justice judgment in London Borough of Ealing which was handed down on 13 July 2017
• The Soft Drinks Industry Levy Regulations 2018 have been published.
• A number of sets of regulations to implement Welsh devolved taxes have been published: The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Commencement No. 2) Order 2018, The Landfill Disposals Tax (Wales) Act 2017 (Commencement No. 2) Order 2018 and The Tax Collection and Management (Wales) Act 2016 (Commencement No. 2) Order 2018