Technical News

The CIOT understands that HMRC is writing to Limited Liability Partnerships (LLPs) that have open compliance checks relating to the application of the Salaried Member Rules (SMR) to set out its compliance approach whilst the BlueCrest case remains in the higher courts.

CIOT has exchanged emails with HMRC to clarify the application of the rules around going concerns where there is an intra-group transfer of trade, but the transfer does not happen in the accounting period for which the R&D claim is being made.

Following discussions that the CIOT (and others) have had recently about HMRC’s approach to CIR reporting company (RC) appointments.  HMRC have reconsidered their approach and we have received the email below from HMRC setting out the key points of their new approach. HMRC will also be setting out our position in a forthcoming Agent Update.

Today’s Spring Statement included an announcement that HMRC will not be providing an online filing service to file the year-end tax return for taxpayers who are within the scope of Making Tax Digital for Income Tax (MTD). Those taxpayers must file their year-end tax return using third party software. HMRC refer to this as a ‘full software journey’.

HMRC is conducting research on modernising the Stamp Taxes on Shares process, and is beginning to test design concepts starting next week.

HMRC have contacted Joint Customs Consultative Committee stakeholders in respect of the upcoming changes for parcel arrangements between Great Britain and Northern Ireland with the following message: