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Mansworth v Jelley
After further exchanges between the Chartered Institute of Taxation and HMRC, the latter have confirmed that the letters issued in February and March are not being treated as ‘decision letters’. The department does not consider that the judicial review claims time limit runs from their issue.
Reconciliations
HMRC have begun the annual reconciliation of PAYE for 2011/12. Some 3.5m taxpayers who have overpaid tax will receive an average repayment of £379, and up to 1.6m will have, on average, an underpayment of £537. In most cases this will be collected through their tax code.
Gift aid
Charities and community amateur sports clubs are reminded that they should use form R68(i) to claim tax repayments on gift aid donations.
Stamp duty
HMRC have advised that a new certificate has been added to the reverse of the stock transfer form, to be completed when a share transfer is ‘otherwise’ exempt from stamp duty or no chargeable consideration is given for the transfer.
Landfill tax
Revenue & Customs Brief 15/12 has been published to provide clarification on the landfill tax treatment of material used on a landfill site and the classification of waste.
