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...PAYE; VAT notes; Negligible values
Gift aid
HMRC has produced new detailed guidance on claiming gift aid when goods are sold by, and the proceeds gifted to, charity shops.
Singapore
Under The Stamp Duty and Stamp Duty Reserve Tax (Singapore Exchange Securities Trading Ltd) (Recognised Foreign Exchange) Regulations, Singapore Exchange Securities Trading Ltd (SGX-ST) becomes a recognised foreign exchange. This enables it to enter into an arrangement with HMRC allowing its members to apply for intermediary status and obtain relief from stamp duty and stamp duty reserve tax.
QROPS
HMRC have published draft qualifying recognised overseas pension scheme regulations, setting out the reporting requirements for scheme managers for comment by 21 June.
PAYE
Employers who request directions under ITEPA 2003, s 690 for new arrivals in the UK should read the revised guidance in HMRC’s PAYE Manual at PAYE81560.
VAT notes
The VAT Notes 1 2013 Budget Supplement has been published, giving details of the changes to VAT announced in the 2013 Budget.
Negligible values
HMRC have accepted the following security as having negligible value during April 2013 for capital gains tax purposes under TCGA 1992, s 24(2).
| Company | Security | Effective date |
| Hampson Industries plc | Ord 25p | 4/12/12 |
Where the value of shares has become negligible, an allowable loss may be established by the owner claiming that they are treated as being sold and reacquired, either on the date of the claim or at a specified time within the two tax years before the date of claim.
