The GAAR advisory panel has published three new opinions on matters referred to it by HMRC.
As part of its renewed strategy for the asset management industry, the government is considering changes to the so-called ‘EP appendix 4’ arrangements, under which UK employers need not operate PAYE for foreign employees on short stays at UK branches.
HMRC has published a post-implementation review of the roll out of PAYE real time information (RTI). Key recommendations from stakeholders included requests for HMRC to:
HMRC commissioned research between September and December 2016 to explore the attitudes, behaviours and digital capability of small businesses and landlords in relation to making tax digital for business (MTD).
Following consultation, the government has laid two sets of regulations aimed at reducing complexity for investors in tax-transparent co-ownership authorised contractual schemes (CoACS).
HMRC has published a third tranche of the draft guidance on changes to the treatment of carried-forward corporation tax losses from 1 April 2017. This part of the guidance covers the commencement provisions and includes worked examples. Comments are invited by 9 February 2018.
Two sets of regulations make consequential amendments to other legislation to ensure the new corporate interest restriction rules work as intended.
HMRC has agreed to extend the trust registration service (TRS) deadline for existing trusts until 5 March 2018. Taxable relevant trusts registered after the strict 31 January deadline will not face penalties if registered no later than 5 March 2018.
The government has decided to trial the introduction of help-to-save accounts, rolling-out to controlled groups of users from January 2018, with full implementation expected by October 2018.
The government has reaffirmed its commitment to the principles set out in its 2010 approach to tax policy-making, updated for the new Autumn Budget/Spring statement timetable. The Spring statement has been announced for Tuesday 13 March 2018.