The below tidbits cover the latest compliance factsheets and an updated toolkit.

• With rumours abounding that the Chancellor is considering increasing capital gains tax (“CGT”) in a future budget, the Office of Tax Simplification has launched a call for evidence and survey reviewing CGT. The NI Tax Committee published a CGT complexity discussion paper in November 2019;
• The following factsheets have been updated:- Compliance checks: publishing details of deliberate defaulters – CC/FS13, Compliance checks for large and complex businesses (CC/FS1c), Compliance checks: excise matters – CC/FS1d, Compliance checks: Excise visits – CC/FS16, and Compliance checks: tax avoidance schemes – penalties for follower notices – CC/FS30a;
• The Trusts and estates toolkit has been updated;
• The list of tax avoidance schemes on which users may be charged an upfront tax payment (an accelerated payment) has been updated;
• CWG2: further guide to PAYE and National Insurance contributions has been updated; and
• The guidance on the employer’s allowance has been updated.
• The latest Tax Gap statistics have been published. According to the publication, this is estimated to be £31 billion for 2018/19 and is the lowest recorded rate;
• In the most recent Agent Update, HMRC sets out its approach to calculating top slicing relief on chargeable event gains in the wake of legislative changes announced in Budget 2020;
• The latest HMRC monthly performance reports have been published: May 2020 and April 2020;
• An updated list of community amateur sports clubs registered with HMRC has been published;
• The latest Trusts and Estates newsletter is available;
• Calculate interest and penalties for tax years ended 5 April 1998 to 5 April 2019 has been updated; and
• Angela MacDonald has been appointed Deputy CEO and Second Permanent Secretary of HMRC following an external competition.
• Use updated form IHT35 to claim relief when you sell ‘qualifying investments’, that were part of the deceased’s estate at a loss within 12 months of the date of death;
• The guidance on the patent box regime has been updated;
• Use the GAAR Advisory Panel opinion on reducing an estate’s value via subscription for shares in a new company and gifting shares to an employee succession trust to help you recognise abusive tax arrangements;
• The contact details for calling or writing to HMRC for tax advice if you’re a non-UK resident entertainer or sportsperson who performs or competes in the UK have been updated; and
• The guidance on the structures and buildings allowance has been updated.