Media and politics

A live blog of the third public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Tuesday 9 June 2020 from 9.25am. Topics covered included the annual allowance for tax relief on pension contributions, changes to entrepreneurs' relief, private residence relief and corporate capital losses.

A live blog of the first public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Thursday 4 June 2020 at 11.30am. Topics covered included income tax and corporation tax rates, and tax treatment of social security benefits. MPs approved clauses 1-12 of the Bill.

The Scottish Government has introduced legislation to the Scottish Parliament that will extend the period for eligible property buyers to claim a refund of the Additional Dwelling Supplement (ADS) of Land and Buildings Transaction Tax (LBTT).

Guest blog by Tarlochan Lall, Barrister, CTA (Fellow), Monckton Chambers

• The conditions for eligibility appear to be more stringent in comparison to the job retention scheme.  The latest revisions expose anomalies in the provisions.
• The framework for SEISS and its structure cast doubts over what entitlement it gives.  HMRC’s message appears to be we’ll contact you, don’t contact us.
• The lack of a dispute resolution mechanism creates issues for operators and HMRC alike.
• HMRC’s guidance needs to be further refined as issues remain.