Was a business carried out in partnership?
Partial victory and the award of costs
A CIOT survey of tax professionals in Scotland, undertaken in the context of a Scottish Parliament finance committee enquiry, has highlighted that while support is high for the Scottish government’s approach, based on the four principles of proportionality, certainty, efficiency and convenience,
HMRC guidance includes:
• International exchange of information manual: new section, IEIM600000, ‘Client Notification’;
• VAT default interest manual: new section, VDIM9025, ‘Joining a VAT group’;
The chair of the Commons Treasury Committee, Andrew Tyrie, has written to the chancellor setting out the committee’s concerns about the timetable for delivery of ‘making tax digital’ (MTD).
HMRC has published a draft manual containing guidance on the Corporation Tax (Northern Ireland) Act 2015, which will devolve powers to set a corporation tax rate in Northern Ireland.
The Financial Reporting Council (FRC) is consulting on its proposed approach to updating FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, to reflect changes in international financial reporting standards (IFRS) over the last three years (see
The Capital Allowances (Energy-saving Plant and Machinery) (Amendment) Order, SI 2016/927, and the Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) (No 2) Order, SI 2016/952, give statutory force to the revised lists which specify the energy saving and water efficie
The Petroleum (Transfer of Functions) Regulations, SI 2016/898, transfer oil and gas licensing and certain taxation functions from the secretary of state for energy and climate change to the new Oil and Gas Authority with effect from 1 October 2016.
The Postal Services Act 2011 (Taxation) (Amendment) Regulations, SI 2016/881, extend the corporation tax exemption for BIS (Postal Services Act 2011) Company Limited (BCL) to all accounting periods in which the company remains wholly in Crown ownership.