EU taxation commissioner, Pierre Moscovici, has told the European Commission’s ‘Masters of Digital 2018’ conference that digital taxation ‘is happening’.
The government is consulting until 11 May 2018 on the scope for changes to the corporate intangible fixed assets regime, which was first introduced in 2002.
Specific aspects of the regime on which views are sought include:
HMRC’s latest Employer Bulletin (February 2018) includes initial guidance on the changes to the taxation of termination payments introduced by Finance (No 2) Act 2017, s5.
HMRC has extended the deadline for businesses to make amended claims for reimbursed employee expenses under revised guidance on staff costs (CIRD83200) until 30 April 2018. The deadline was previously 31 January. HMRC has amended its guidance on R&D tax relief for SMEs accordingly.
The Office of Tax Simplification (OTS) has published the scoping document for its review of IHT, following the announcement of the review in January.
The CIOT and ATT have passed on clarification obtained from HMRC on a number of trust registration service (TRS) queries. These include:
HMRC is consulting until 14 May 2018 on the design principles for legislation to extend the tax assessment time limit to a minimum of 12 years for mistakes or non-deliberate errors involving offshore income, gains or chargeable transfers.
HMRC has published a further ‘spotlight’ on contractor loan schemes, concerning an Advertising Standards Authority (ASA) ruling that claims made about contractor loan schemes by their promoter, Williams Gordon, were misleading.
HMRC has provided the CIOT and ATT with an update in relation to its digital services. This covers the following areas:
HMRC has published the following: