Technical News

The following message has been issued by HMRC:

The deadline for filing a corporation tax return is 12 months after the end of the accounting period it covers. Many companies have a 31 December accounting period end and 31 December 2020 is therefore the filing deadline for accounting periods ending on 31 December 2019.

We have received the following reply from HMRC in response to our letter raising the question whether partial relief would be available where the members of an LLP or the partners in a partnership consist of qualifying and non-qualifying house building companies following the Court of Appeal decision in Pollen Estate Trustee Co Ltd v HMRC

HMRC’s Wealthy External Forum have issued a briefing to forum members about educational One to Many letters being sent to taxpayers dealt with by HMRC Wealthy who are likely to claim  Overseas Workdays Relief in 2019/20.