The Child Tax Credit (Amendment) Regulations, SI 2018/1130, ensure that a family can receive child tax credit for up to two further children, even if there are already children in the household who are adopted or cared for under a non-parental arrangement.
The average length of time HMRC takes to settle tax inquiries into large businesses has risen to more than three years, according to figures obtained by Pinsent Masons. The average of 39 months in 2017/18 was up 15% from 34 months in 2016/17.
The chair of House of Lords Economic Affairs Finance Bill sub-committee, Lord Forsyth of Drumlean, is pressing HMRC for an answer to the committee’s request for a breakdown of the amounts involved in the 5,000 settlements so far agreed in respect of the disguised remuneration loan charge.
HMRC has published the following:
Gift with reservation of benefit
Business property relief and livery business
Partnership not trading
This was the chancellor’s much-anticipated ‘last statement before Brexit’ and many of the predicted tax-raising measures failed to materialise.