The CIOT and the Country Landowners Association (CLA) are running a survey to gather evidence of the tax barriers faced by landowners when collaborating with their neighbouring landowners on potential housing developments.
Draft regulations have been laid, taking effect from 10 January 2020, to implement the Customer Due Diligence aspects of 5MLD. Early in 2020 HMRC will consult on the technical detail of regulations to implement the TRS aspects.
The Chartered Institute of Taxation (CIOT) sent a letter on 3 January to the Economic Secretary to the Treasury to stress that to achieve a regulatory regime that ensures effective compliance the Directive should be implemented in a targeted and proportionate manner in the forthcoming Trust Registration regulations.
HMRC's performance targets are set out in their single departmental plan, updated on 1 October 2019. These include a number of customer-orientated measures such as call handling times and post turnaround. These measures are reported by HMRC on a monthly and quarterly basis.