This week’s UK tax tidbits, 25 September 2017

Sep 25, 2017

Highlights this week include some newly opened consultations and the most recent Trusts and Estates newsletter. 

  • The most recent Trusts and Estates newsletter has been published
  • HMRC have opened a technical consultation dealing with the enactment of four further extra-statutory concessions; comments are requested by 9 November 2017
  • A consultation on the Business Risk Review (BRR) has also been launched seeking views on the operation of the BRR process and how it might be improved. 
  • HMRC has updated its guidance on the worldwide disclosure facility used to disclose a UK tax liability that relates wholly or in part to an offshore issue to allow an additional 90 days to make a disclosure
  • HMRC have updated its online guide Pay Stamp Duty Land Tax to reflect that from 15 December 2017 it will not be possible to make payments to HMRC at the Post Office.
  • HMRC is calling on agents with clients use the venture capital schemes to participate in ongoing user research on new digital services for the Enterprise Investment Scheme and Seed Enterprise Investment Scheme.
  • Use this service if an estate is unlikely to pay Inheritance Tax
  • Various publications and forms relevant to Vat have been updated: VAT: registration notification (VAT1C), VAT Notice 700: the VAT guide, VAT: apply for Simplified Import VAT Accounting (SIVA1) and VAT appeal updates