Buzzacott news and insights provide updates on key changes and in-depth information in our areas of specialism.
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The government has promised to simplify the Gift Aid donor benefit rules. Luke Savvas outlines the latest progress.
HMRC has recently shed more light and clarity on its policy on the treatment of supplies of direct mailing services in a letter to the Direct Marketing Association. This news may add 20% to the cost of such a supply in the future for your charity.
HMRC’s declaration that they are to appeal the decision against them in the recent Rangers Football Club (Rangers FC) case was followed by their announcement that the Employee Benefit Trust (EBT) settlement opportunity for employers is to be withdrawn by 31st March 2015.
Last month, we saw HMRC lose its appeal against the First-tier Tribunal decision in its case against the former Rangers FC. HMRC argued that payments made to Rangers FC players and other employees should be taxable as ‘disguised remuneration’.
As mentioned in our recent ‘Non-Doms: Act now and review your loans’ News Article dated 5 August, HMRC has changed its mind as to whether they consider foreign income and gains remitted if they are used as collateral for a loan where the borrowed funds are remitted to the UK.
As of 4 August 2014, HMRC has
decided to change its mind on a
fundamental aspect of UK tax
planning for non-UK domicilaries
without consultation or appropriate
provisions for arrangements in place
prior to the change.
Our Private Client team has put together our second Quarterly Tax Digest for Private Clients. It comprises topical news items and insights that may affect you and that we hope you find interesting.
ADR is part of HMRC’s Litigation Support Strategy designed principally to help settle tax disputes with businesses, but can also be used by individuals to resolve complex or entrenched arguments with HMRC.
A recent consultation and on-line survey by HMRC received the highest rate of response to a government consultation. This was in respect of a new tax free childcare initiative which is to be introduced in Autumn 2015 and will be open to all eligible families with children under twelve.