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TAX POLICY ADMINISTRATION


HM Treasury has announced further government funding to enable employers to spread apprenticeship funds to businesses in their supply chains and for implementation of updated apprenticeship standards by 2020.

Companies submitted 39,960 claims for research and development (R&D) tax credits in 2016/17, up from 26,255 in 2015/16, according to latest HMRC figures. The relief claimed amounted to around £3.5bn, an increase of £575m on the previous year.

The Association of Taxation Technicians (ATT) has issued a reminder to individuals that income or gains realised on cryptocurrencies in 2017/18, whether through investment or trading, may need to be notified to HMRC by 5 October 2018.

Too many FTSE100 companies do not mention how they are managing the risks of tax evasion in their published documents, according to research carried out by Pinsent Masons.

The chancellor will deliver his Budget statement on Monday 29 October 2018. The time of the Budget has not yet been confirmed, but as the Commons does not sit on a Monday until 2.30 pm, it seems likely that the Budget will start around 3.30pm.

HMRC has published the following:

Were LLPs trading?

In HMRC v D Higgins [2018] UKUT 280 (26 September 2018), the UT found that main residence relief in relation to an apartment purchased off plan only applies to the period of occupation (TCGA 1992 s 223). Mr Higgins had purchased an apartment off plan...

Third party notices and auditors

Agreement following ADR

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