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HMRC have published a fourth consultation containing draft legislation for seven more extra-statutory concessions (ESCs).
The purpose of the consultation is to ensure that the effect of the concessionary treatment has been successfully translated into the draft legislation.
Finance Act 2008, s 160 provides an enabling power that allows the tax treatment afforded by existing concessions to be legislated by Treasury order.
The concessions are 4.2 IPT: De minimis provisions; B11: Compensation for compulsory slaughter of animals; C10: groups of companies: arrangements; C16: dDissolution of companies under Companies Act 1985, s 652 and s 652A; crematoria: sale of niches and memorials; payments for private use of a shared company car; and seasonal caravan pitches.
Comments should be emailed by 7 March to Richard Hopwood.
