HMRC published the first edition of its Employment-Related Shares & Securities Bulletin on developments relating to employment-related securities including government-sponsored, tax-advantaged employee share schemes.
Revenue & Customs Brief 14/12 sets out the extent to which HMRC will continue to regard the holder of a depository receipt as having beneficial ownership of the underlying shares, following the First-tier Tribunal decision in the Stamp Duty Reserve Tax case of HSBC Holdings PLC a
HMRC is organising a second public meeting this week to give people an opportunity to ask questions about the proposed Gift Aid Small Donations Scheme. A formal consultation on the measure will close on 25 May.
The Scotland Bill received Royal Assent on 1 May and is now the Scotland Act 2012.
HMRC reminded tax credits claimants that they must renew their claims by 31 July 2012, or their payments ‘may stop’. Claimants were ‘urged to act’ on receipt of a renewal pack and to double-check the accuracy of the information.
The Pension Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) (Amendment) Regulations, SI 2012/1221, stop certain types of pension schemes established in Guer
The Skipton Fund Limited (Application of Sections 731, 733 and 734 of the Income Tax (Trading and Other Income) Act 2005) (Amendment) Order, SI 2012/1188, extends the income tax exemption in SI 2011/1157 for regular p
The Parliamentary Assembly of the Council of Europe has warned that ‘massive’ offshore tax evasion and avoidance cause ‘serious harm to the public interest’ in Europe and elsewhere, and particularly in developing countries.
A change to the UK-Swiss tax agreement signed last October provides for an increase in the maximum rate of the one-off payment from 34% to 41%.
HMRC has updated five of the toolkits designed to help reduce common errors in the completion of tax returns: