Following the announcement of a one-year delay until April 2019 for the abolition of Class 2 NICs, the government has confirmed the same April 2019 start date will apply to other measures in the NICs Bill, including:
The Corporation Tax (Instalment Payments) (Amendment) Regulations, SI 2016/1072, provide for ‘very large companies’, defined as those with annual taxable profits exceeding £20m, to pay corporation tax instalments four months earlier than other ‘large companies’, for accounting periods beginning o
HMRC is consulting on two sets of draft amending regulations making necessary changes to PAYE legislation from April 2018 in respect of car data reporting required as part of voluntary payrolling, and taxable amounts under optional remuneration arrangements.
HMRC has agreed to extend the trust registration service deadline for new trusts until 5 January 2018. The registration and reporting deadline for existing trusts remains 31 January 2018.
The Individual Savings Account (Amendment No 3) Regulations, SI 2017/1089, allow ISAs to retain their tax advantages after the death of the account holder, with effect from 6 April 2018.
HMRC has published guidance explaining how taxpayers should go about registering an interest by 31 May 2018 if they wish to settle liabilities in connection with disguised remuneration schemes on favourable terms.
The General Anti-Abuse Rule Procedure (Amendment) Regulations, SI 2017/1090, make minor changes to the GAAR procedural rules for users of marketed tax avoidance arrangements.
HMRC has published the following:
Agent or principal?