1. Home
  2. Technical News

Technical News

 

Inheritance tax: 2010 and 2011 correspondence between CIOT and HMRC on Business property relief and groups of companies

We are re-issuing for the benefit of members and the public correspondence between our Succession Taxes Committee and HMRC during 2010 and 2011.

Read more »

HMRC confirm the necessary steps for hauliers when travelling to the Republic of Ireland via a GB route

The CIOT has been contacted by HMRC today to highlight the steps that hauliers must take to travel to the Republic of Ireland via a GB route. A ‘GB route’ means that the ferry departs from Great Britain and travels directly to the Republic of Ireland (i.e. the ferry does not travel from GB to Northern Ireland with an onward journey by land).

Read more »

DAC 6 update

With EU directive DAC 6 ceasing to apply in the UK at 11pm tonight HMRC have informed us that reporting under DAC 6 will still be required for a limited time, but only for arrangements which meet hallmarks under category D, in line with the UK’s obligations under the Free Trade Agreement with the EU.

Read more »

31 January Self-Assessment deadline and filing penalties

Last Friday CIOT and other professional bodies received a letter from Jim Harra, HMRC’s Chief Executive and First Permanent Secretary, regarding next month's Self-Assessment deadline and filing penalties.

Read more »

HMRC letter to those who file VAT returns using XML software

HMRC is writing to VAT registered businesses who submit VAT Returns using eXtensible Markup Language (XML) software. From 8 April 2021, HMRC will no longer accept VAT Returns using this software because they are moving VAT customer accounts to a new IT system that does not accept XML submissions.

Read more »

HMRC launch online form to obtain an XI number

HMRC have launched a G Form to enable businesses to apply for an XI number if not already received. 

Read more »

Revenue Scotland recruiting new chair

The role of chair of Revenue Scotland is now being advertised by the Scottish Government’s Public Appointments Unit. Current chair Dr Keith Nicolson is scheduled to leave the role in July 2021 and the replacement is expected to take up the post from August 2021.

Read more »

2019-20 SA Returns - Claims for Entrepreneurs’ Relief (now Business Assets Disposals Relief) possibly showing as claims for Investors’ Relief

HMRC Wealthy Forum have provided a briefing to the HMRC Wealthy Forum about an issue with some claims to Investors’ Relief (IR) and Entrepreneurs’ Relief (ER)(Now known as Business Asset Disposal Relief) made in 2019/20 returns. Further details from HMRC are below.

Read more »

Postponed VAT Accounting (PVA) Guidance

HMRC updated two pages in respect of the PVA guidance on Friday 4th December:

Read more »

Completion of question 20.1 on the Trusts and Estate Tax Return (SA900)

HMRC released the following statement to CIOT and the other professional bodies on 9 December 2020:

Read more »