The latest accounts for Apple Europe, the subsidiary providing sales support, marketing, and other services to the Apple group, show an additional £136m in corporation tax paid covering several years up to September 2015, following an HMRC audit.
The Video Games Tax Relief (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations, SI 2018/28, add video games tax relief to the list of tax advantages about which HMRC can collect and publish information with effect from 6 February 2018, to comply with the European Comm
HMRC has issued further guidance on the trust registration service (TRS) for those ‘digitally-excluded’ agents who have no prior digital engagement with HMRC.
The childcare payments scheme (tax-free childcare) is now open to children up to the age of nine (those born on or after 15 January 2009). The scheme will be opened to all remaining eligible families with children under 12 years of age on 14 February 2018.
HMRC has published a detailed technical guidance note on the serial tax avoidance legislation, which introduces a range of new sanctions for taxpayers who use tax avoidance schemes that HMRC later defeats in a court or tribunal.
The public bill committee (PBC) completed its consideration of the Finance Bill on 16 January, agreeing a group of amendments to Schedule 10 (settlements anti-avoidance etc) and one opposition amendment to Clause 38 (online marketplaces) correcting a legislative reference.
The Tax Collection and Management (Wales) Act 2016 (Commencement No 2) Order, SI 2018/33, brings certain provisions of the Act into force on 25 January 2018, including penalties, interest, enforcement and appeals for the devolved Welsh taxes being introduced from April 2018.
The average length of an HMRC tax enquiry rose to 34 months during 2016/17, up from 31 months in 2015/16, according to figures seen by Pinsent Masons.
HMRC has published the following: