Revenue & Customs Brief 25/13 gives further clarification of HMRC’s position on the VAT treatment of supervisors’ fees in voluntary arrangements, in circumstances where the conditions for exemption as set out in the Paymex tribunal decision (TC01210) are not met. The brief also confirms that the same conditions for the exemption apply to trust deeds. This follows on from Revenue & Customs Brief 17/13, published on 8 July 2013, which said that the existing legal position was unaffected by the Paymex judgment.
Landfill tax
HMRC has published additional draft guidance on applying the lower rate of landfill tax, which adds to the ‘interim’ guidance issued in July 2012 and the earlier clarifications contained in Revenue & Customs Briefs 15/2012 and 18/2012. HMRC intends to finalise the guidance by 11 November 2013.
Tonnage tax
The Tonnage Tax (Training Requirement) (Amendment) (No. 2) Regulations, SI 2013/2245, increase the amount of the payments that companies within the tonnage tax regime are obliged to make to eligible officer trainees in lieu of training, with effect from 1 October 2013.
Notice 700/56 Insolvency
This notice cancels and replaces the May 2013 edition. The main changes are to be found at: section 7 on post-appointment VAT returns of taxable stocks and assets remaining at the date of insolvency; and section 17 on the requirements of Law of Property Act receivers in accounting for VAT.
HMRC evasion publicity campaign
HMRC has launched the second stint of its evasion publicity campaign, which first aired from November 2012 to February 2013, inviting those who have undeclared income – or those who know someone with undeclared income – to come forward. This stint runs from 2 September to 4 October.
People and firms
Clifford Chance has announced that Liesl Fichardt is to join the firm’s London tax practice. Ms Fichardt, currently head of the contentious tax practice at BLP, specialises in tax litigation and settlement of disputes. Pinsent Masons is set to launch a French tax practice after appointing Eugénie Berthet in Paris. Berthet, who joins from Marccus Partners, has extensive experience in cross-border employee share schemes and management packages, business transfers, international mobility and international tax planning for individuals.
Revenue & Customs Brief 25/13 gives further clarification of HMRC’s position on the VAT treatment of supervisors’ fees in voluntary arrangements, in circumstances where the conditions for exemption as set out in the Paymex tribunal decision (TC01210) are not met. The brief also confirms that the same conditions for the exemption apply to trust deeds. This follows on from Revenue & Customs Brief 17/13, published on 8 July 2013, which said that the existing legal position was unaffected by the Paymex judgment.
Landfill tax
HMRC has published additional draft guidance on applying the lower rate of landfill tax, which adds to the ‘interim’ guidance issued in July 2012 and the earlier clarifications contained in Revenue & Customs Briefs 15/2012 and 18/2012. HMRC intends to finalise the guidance by 11 November 2013.
Tonnage tax
The Tonnage Tax (Training Requirement) (Amendment) (No. 2) Regulations, SI 2013/2245, increase the amount of the payments that companies within the tonnage tax regime are obliged to make to eligible officer trainees in lieu of training, with effect from 1 October 2013.
Notice 700/56 Insolvency
This notice cancels and replaces the May 2013 edition. The main changes are to be found at: section 7 on post-appointment VAT returns of taxable stocks and assets remaining at the date of insolvency; and section 17 on the requirements of Law of Property Act receivers in accounting for VAT.
HMRC evasion publicity campaign
HMRC has launched the second stint of its evasion publicity campaign, which first aired from November 2012 to February 2013, inviting those who have undeclared income – or those who know someone with undeclared income – to come forward. This stint runs from 2 September to 4 October.
People and firms
Clifford Chance has announced that Liesl Fichardt is to join the firm’s London tax practice. Ms Fichardt, currently head of the contentious tax practice at BLP, specialises in tax litigation and settlement of disputes. Pinsent Masons is set to launch a French tax practice after appointing Eugénie Berthet in Paris. Berthet, who joins from Marccus Partners, has extensive experience in cross-border employee share schemes and management packages, business transfers, international mobility and international tax planning for individuals.
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