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Distributions in a winding up – FB 2016, cl 35
We have written to HMRC to express concerns that Finance Bill 2016, cl 35 will lead to unintended consequences, and crea...
Penalties issued for DIY housebuilder claims
For a few years, ATT’s VAT sub-group have been expressing concern over when penalties might arise if HMRC concludes that...
Client notification obligations on persons who give offshore advice or services
We were advised by HMRC in late May that, due to delays in publishing guidance on GOV.UK to help those affected by the m...
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Corporate Contributions to Grassroots Sports: where is the goal?
The Treasury’s consultation document, Corporate Contributions to Grassroots Sports, is refreshingly brief and simple wit...
Client notification obligations on persons who give offshore advice or services – Section 50 Finance (No 2) Act 2015
Section 50 of Finance (No 2) Act 2015 introduces an obligation on tax advisers and other persons who, in the course of t...
Possible scope for expansion of flood defence relief
The March 2015 issue of Tax Adviser briefly explained how tax relief works for contributions to flood and coastal erosio...
Direct recovery of debts
The CIOT, ATT and LITRG made submissions to the House of Commons Finance Bill Committee on what has become FA 2015 s 51 ...
Ministry of Justice consults on a proposal to introduce fees in the tax tribunals
The CIOT, LITRG and ATT have each responded, criticising the Ministry of Justice’s proposals to introduce fees in the Fi...
Extensions of averaging period for farmers: HMRC consultation document
The CIOT and ATT have recently responded to HMRC’s consultation document Income Tax: Extension of averaging period for f...
FB 2015 – goodwill and other intangible assets, restriction to relief
The CIOT has written to the Finance Bill Committee commenting on clause 32 of the Finance Bill which will prevent corpor...