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Withdrawal and grandfathering of sub-postmasters’ concession

printer Mail

HMRC has published guidance on the withdrawal and grandfathering of the extra-statutory concession on the remuneration of sub-postmasters, set out at BIM 66301. Those currently using the concession may continue to do so for a further year, until 5 April 2018, although the guidance confirms that no new use of the concession is possible.

The concession provides that where a retail trade is carried on from the same premises as the sub-post office and a sub-postmaster receives remuneration as an office holder from the Post Office, this income may be treated as a trade receipt. HMRC originally announced in November 2015 that the concession would be withdrawn from 6 April 2017.