The latest Agent Update and Employer Bulletin feature this month.

• The UK has officially lodged its annulment application against the European Commission’s decision that the UK’s controlled foreign company finance exemption gave rise to State Aid
• “Agent update: issue 73” and the August 2019 Employer Bulletin are now available
• Guidance on the new structures and buildings allowance has been published
• “VAT: general enquiries” has been updated
• 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 government has confirmed a new “breathing space scheme” will be introduced in 2021 to help individuals with problem debts. Personal tax debts will be included in the scheme as will some other tax debt
• “VAT Notice 700/1: who should register for VAT” has been updated
• The guidance on corporation tax relief for costs on research and development if you’re a small or medium-sized enterprise has been updated
• Find out how to manage pension schemes you’re the administrator of and tell HMRC about retirement annuity or deferred annuity contracts you wish to manage.
• Use updated Form P87 to claim income tax relief for your employment expenses
• “Rates and allowances: Corporation Tax” has been updated
• Find out updated guidance on how to report details of a disguised remuneration loan scheme and account for the loan charge liability.
• The guidance on the corporate interest restriction has been updated
• VAT Notice 735 sets out the VAT domestic reverse charge procedure which applies to the buying and selling of certain goods and services
• The following VAT Briefs were recently published: Revenue and Customs Brief 3 (2019): VAT zero-rating of transport of disabled passengers and Revenue and Customs Brief 4 (2019): VAT – domestic reverse charge for businesses trading in renewable energy certificates
• The policy paper “VAT: reverse charge for renewable energy certificates” sets out details of the reverse charge in this area
• “Tax agents and advisers: authorising your agent (64–8)” has been updated
• Use the updated form to apply for Transfer of Residence relief when you want to move your home from outside the EU to the UK
• Check the updated list of VAT appeals that HMRC has lost, or partly lost, that could have implications for other businesses
• HMRC issue briefing: disguised remuneration charge on loans has been updated
• How to pay taxes, penalties and enquiry settlements if you cannot find instructions in other ‘paying HMRC’ guides, or if your payment reference starts with X has been updated
• The guidance on how to claim the R&D expenditure credit for claims under the UK’s “large” R&D tax relief scheme for companies has been updated
• Find updated details of the schemes that have told HMRC they meet the conditions to be a recognised overseas pension scheme
• The return which must be submitted if a company or group’s interest deductions and financing costs are restricted under the corporate interest restriction legislation has been updated. Abbreviated returns should be completed if there is no restriction
• Create an agent services account has been updated