HMRC has published the following:
Capital allowances applied to a hydroelectric scheme
HMRC has announced that it will increase its late payment interest rates to reflect the rise in the Bank of England base rate.
James Taylor (EY) considers the application of the directive that requires minimum standards of anti-avoidance legislation across the EU.
In its latest paper on the platform, or ‘gig’, economy, the Office of Tax Simplification (OTS) has introduced the idea of ‘PAYE for platforms’, through which online platforms such as taxi or delivery firms might operate a system administratively equivalent to PAYE for self-employed platform worke
HMRC has published draft regulations which expand the definition of ‘relevant income’ eligible for the corporation tax supplementary charge investment and cluster area allowances to include tariff receipts, in addition to production income earned directly from oil extraction activities.
The government has published in draft the Registration of Overseas Entities Bill, setting out provisions to establish a new beneficial ownership register of overseas entities that own UK property. The draft Bill is open for consultation until 17 September 2018.
The CIOT, STEP, ICAEW and the Law Society have added a further set of draft questions and answers to their package highlighting areas of uncertainty in the new deemed domicile legislation introduced from 6 April 2017.
The GAAR advisory panel has published a third opinion concerning an employer-financed retirement benefit scheme (EFRBS).