This week’s UK tax tidbits, 4 June 2019

A report on Direct Recovery of Debts features this week.

• HMRC has issued Revenue and Customs Brief 2 (2019) to explain the correct treatment for the deduction of import VAT paid by a taxable person who is not the owner of the relevant goods
• HMRC has published a report on the direct recovery of debts which looks at the effectiveness of DRD and how it has been used
• HMRC updated their guidance on automatic exchange of information and due diligence procedures
• Check the Double Taxation Treaty Passport Scheme register has been updated
• The following areas of help and support have been updated:- Help and support if you’re self-employed, Help and support for landlords, Help and support for Self Assessment and Help and support for tax agents and advisers
• The National Insurance contributions (Termination Awards and Sporting Testimonials) Bill was introduced into parliament at the end of April and aligns the income tax and NICs treatment of termination awards and sporting testimonials.
• Find out how to pay tonnage tax if you're a shipping company has been updated
• Calculate deductions due on the loan charge has been updated
• Non-resident landlord: receive UK rental income without deduction of UK tax - companies (NRL2) has been updated