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New HMRC guidance

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HMRC has published the following:

  • Factsheet CC/FS43: Penalties for enablers of defeated tax avoidance: new factsheet on the new penalties affecting tax arrangements entered into on or after 16 November 2017;
  • Factsheet CC/FS45: The Human Rights Act and penalties for enablers of defeated tax avoidance: new factsheet setting out the rights of of taxpayers under Article 6 of the European Convention on Human Rights when HMRC is considering charging enabler penalties;
  • Factsheet CC/FS17: Higher penalties for offshore matters: updated to include a reference to the new ‘requirement to correct’ penalties, which came into effect from 1 October;
  • Notice 85C: Anti-forestalling restrictions for cigarettes: updates the July 2018 version with references to the actual date for Budget 2018 and revised details for calculating the permitted home-use allocation;
  • Notice 723A: Refunds of VAT paid in the EU for businesses established elsewhere: updates the September 2016 version with an amended link to contact details for tax authorities in other EU member states (section 8);
  • Notice IPT1: Insurance premium tax: updates the February 2017 version to reflect the increase in the standard rate of IPT from 1 June 2017, adding new sections 15 and 16 to explain changes to the transitional rules, including removal of concessionary periods and the distinction between cash receipts and special accounting schemes;
  • Notes on completing paper SDLT1 returns: updated with additions to the table of reliefs for question 9, which now includes ‘sovereign bodies and international organisations’ (code 27) and ‘zero carbon homes relief’ (code 30). Where the SDLT additional rate has been paid, the notes now make clear that code 04 (additional residential properties) should be entered for question 1, even where a refund claim is to be made; and
  • Soft drinks industry levy notice 2: Returns and records: updated with a new section on how to correct errors in a previous return using the online service.