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New HMRC guidance

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HMRC has published the following:

  • Factsheet CC/FS37: General anti-abuse rule and notices of binding: explains procedures for issuing ‘notices of binding’ and ‘bound arrangements opinion notices’ in respect of tax arrangements HMRC believes ought to be counteracted under the GAAR. These notices are issued to bind arrangements HMRC regards as equivalent to others on which the GAAR advisory panel has already given an opinion. Taxpayers have 30 days to make representations against the issue of a ‘bound arrangements opinion notice’;
  • VAT appeal update (July 2018): updated list indicating whether or not HMRC will appeal recent VAT cases decided against it at the First-tier Tribunal, Upper Tribunal or higher courts;
  • Notice 39: Spirits production in the UK: updates the January 2018 version;
  • Notice 85c: Anti-forestalling restrictions for cigarettes: updates the March 2018 version;
  • Notice 473: production, distribution and use of denatured alcohol: updates the January 2017 version;
  • Notice 700/67: VAT registration scheme for racehorse owners: updates the February 2017 version; and
  • Notice 830: General system of preference rules of origin: updates the July 2017 version.