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In brief: travel; EMI; medical treatment; museums and galleries; MOSS; guidance

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Travel and subsistence consultation

HM Treasury is consulting on its Travel and subsistence review, which closes for comment at 11:45pm on 23 October 2014. This is the first stage in the government’s review of the rules underlying the taxation of travel and subsistence expenses, which it announced at Budget 2014 following the January 2014 report from the OTS entitled Review of employee benefits and expenses: second report.

Independence requirement for EMI amended

The Finance Act 2014, Schedule 37, Paragraph 22 (Commencement) Order, SI 2014/2461, brings into effect from 1 October 2014 the amendments made by FA 2014 Sch 37 para 22(1) to the ‘independence requirement’ for enterprise management incentive (EMI) schemes, which ensure that companies controlled by employee-ownership trusts can continue to operate tax-advantaged EMI schemes..

Exemption on recommended medical treatment consultation

HMRC has published draft legislation, the Income Tax (Recommended Medical Treatment) Regulations, SI 2014/Draft, for comment until 15 October 2014 setting out the additional conditions that expenditure by employers on recommended medical treatment must meet in order to qualify for the tax exemption at FA 2014 s 12. These conditions include the individual employee being assessed as unfit for work for at least 28 consecutive days. HMRC is also seeking views on the exemption being available where treatment commences within 14 days of the employee’s return to work. The exemption is expected to come into effect in late 2014, with the establishment of the new health and work service.

Refunds on museums and galleries consultation

HMRC has published the Value Added Tax (Refund of Tax to Museums and Galleries) (Amendment) Order, SI 2014/Draft for comment by 20 October 2014. The draft legislation proposed a number of changes to bodies and dates concerning refund claims for VAT which is attributable to the provision of free admission to specified museums and galleries.

MOSS reminder

HMRC is reminding businesses supplying digital services across the EU that they will be able to register for its new VAT mini-one stop shop (MOSS) online service from 20 October 2014, meaning they do not have to register VAT separately in each country where they do business.

HMRC guidance

HMRC has issued the following on its website:

  • updated information on the changes to gambling tax rules from 1 December 2014, including changes being introduced to general betting duty, pool betting duty and remote gaming duty;
  • proposed amendments to its Tonnage tax manual for comment by 30 November 2014 (see );
  • withdrawal of the paper version of form EMI1;
  • updated PAYE penalties and appeals helpsheet;
  • update on agents strategy and agent online self-serve;
  • guidance on the completion of registered pension scheme relief at source annual information return on form RPSCOM100(Z), which must be submitted by 5 October;
  • guidance on the transition of all pension schemes services web content to; and
  • corporation tax on chargeable gains indexation allowance tables for August 2014 (RPI = 257.0).
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