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Charge for non-residents
HM Treasury has launched a consultation of its approach to introducing a charge on non-residents disposing of UK residential property. The charge is expected to come into effect in April 2015 and will apply only to gains arising from that date. Comments should be emailed by 20 June 2014.
Charge for non-residents
HM Treasury has launched a consultation of its approach to introducing a charge on non-residents disposing of UK residential property. The charge is expected to come into effect in April 2015 and will apply only to gains arising from that date. Comments should be emailed by 20 June 2014.
Video games tax relief
The European Commission has approved the proposed new corporate tax relief for the UK video games sector. It enables companies to be eligible for a payable tax credit worth 25% of qualifying production costs, and builds on the model of the film tax relief, which can be claimed on production expenditure in the UK, and the new high-end TV and animation tax reliefs.
Child trust funds
Child Trust Fund Bulletin 74 is available. It includes articles on the new subscription limits and annual information returns.
VAT
The Value Added Tax (Increase of Registration Limits) Order 2014 has been published.
New SA form
HMRC have produced a new trial version of form CWF1 used to register for self assessment and National Insurance contributions. It is designed to work in all up to date browsers, and on mobile devices such smartphones and tablets.
Company tax return
Information about how the changes to corporation tax reliefs, rates and allowances may affect the online submission of a company tax return can be found on HMRC’s website.
Gambling tax
HMRC have published an information note on the gambling tax reforms. It provides advice for remote gambling operators in preparation for the changes to place of consumption effective from 1 December 2014.
Invoicing
VAT notice 700/63: Electronic invoicing has been revised, cancelling and replacing the June 2007 version. It reflects the changes in invoicing regulations of 2013.
