Repayment claims, closure notices and time limits
The Office of Tax Simplification (OTS) has published a report on the taxation of key events in the life of a business, recommending urgent work to simplify the business tax system and encourage growth.
The Capital Allowances (Designated Assisted Areas and Amendment) Order, SI 2018/485, has been laid before the House of Commons designating assisted areas for the purposes of CAA 2001 s 45K and correcting errors made in SI 2016/751.
The think tank Reform has published a report, The great training robbery: assessing the first year of the apprenticeship levy, assessing the first year of the apprenticeship levy.
Following an announcement at Autumn Budget 2017,HMRC has published draft updates to the Employment Income Manual for the changes expected to be made to the ITEPA 2003 by Finance Bill 2019.
The WRA has continued to publish technical guidance on land transaction tax (LTT), publishing guidance in relation to the LTT interpretation conditions.
We understand that HMRC has begun to contact firms directly regarding the VAT treatment of electronic searches.
HMRC has updated its Compliance Handbook to include guidance on landfill tax penalties.
The WRA has also published additional guidance on landfill disposal tax, providing detail on:
A draft order containing the amending protocol to the 1993 UK and Uzbekistan double taxation treaty has been published. The protocol was signed on 24 January 2018 and will enter into force once both countries have completed their parliamentary procedures and exchanged diplomatic notes.