This week’s UK tax tidbits, 26 August 2019

Aug 26, 2019

The latest Agent Update features this week.

  • The UK has officially lodged its annulment application against the European Commission’s decision that the UK’s controlled foreign company finance exemption gave rise to State Aid
  • Agent update: issue 73 and the August 2019 Employer Bulletin are now available
  • Guidance on the new Structures and Buildings Allowance has been published
  • VAT: general enquiries has been updated
  • HMRC has updated the list (List 3) of professional bodies and learned societies, approved by HMRC for the purpose of section 344 ITEPA 2003 (allowable deductions from earnings for fees and subscriptions paid to professional bodies/learned societies)
  • The government has confirmed a new “breathing space scheme” will be introduced in 2021 to help individuals with problem debts. Personal tax debts will be included in the scheme as will some other tax debt