HMRC has published revised advisory fuel rates for company cars, applying from 1 December 2017. The rates are to be used only where employers either reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel.
The Cultural Test (Television Programmes) (Amendment) Regulations, SI 2017/1138, come into force on 15 December 2017 to add the co-production agreement with China to the list enabling co-produced television programmes to qualify as British for the purposes of television tax relief.
HMRC has published a report on the influence of reliefs such as agricultural property relief (APR) and business property relief (BPR) on how individuals make decisions on IHT matters. Some commentators are concerned that this could signal the start of a reduction in these generous reliefs.
HMRC has updated the draft guidance for users of its new online trust registration service, revising the position on when trustees must report detailed information on individual beneficiaries, and when it is enough simply to report a class of beneficiaries.
The National Audit Office (NAO) has urged HMRC to make use of Scottish taxpayer data now becoming available to improve its estimates of Scottish income tax receipts.
The number of personal penalties levied by HMRC against corporate senior accounting officers (SAOs) fell slightly in 2016/17 to 115, according to figures obtained by Pinsent Masons. This compares with 181 issued in 2015/16, and 151 in 2014/15.
MPs debated public country-by-country reporting in Westminster Hall on 22 November.
HMRC has published the following:
Termination payments
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