.png)
.png)
Leased cars
Leased cars
The European Council of Ministers has agreed to extend until December 2016 the derogation allowing the UK to apply a 50% restriction on the right to deduct VAT on the hire or lease of a car where it is not used entirely for business purposes. Private use of a vehicle hired or leased by a taxable person for business purposes should not be treated as supplies of services for consideration – which removes the need for the hirer or the lessee to keep records of private mileage travelled in business cars and to account for tax on the private mileage of each vehicle.
Pensions
The fax number for HMRC’s pension schemes services has changed to 03000 564 568.
Charities
HMRC have updated the guidance for charities on the fit and proper persons test.
VAT Notes
HMRC have published VAT Notes 4, the quarterly summary of recent changes to the VAT rules.
Heritage guidance
A new section has now been included at appendix 15 of the HMRC memorandum Capital Taxation and the National Heritage. It provides guidance on chattels that qualify for conditional exemption and support by a maintenance fund. Paragraph 4 of appendix 3 has been amended to reflect changes to when interest is charged on objects exempted from estate duty that are sold at auction.
Overseas dividends
HMRC have published questions and answers on the new regime for manufactured overseas dividends.
ERSSB
HMRC have published the November Employment-Related Shares and Securities Bulletin, providing updates on employment-related securities, including tax-advantaged employee share schemes.
