DAC6
In response to the select committee on statutory instruments’ request for clarification as to when an intermediary can be exempt from filing reportable information under DAC6 a memorandum in the appendix to the committee’s report on SI 2020/25 provides additional guidance as to when the exemption might apply.
LBTT
The Revenue Scotland and Tax Powers Act 2014 Amendment Regulations SSI 2020/73 put beyond doubt that the issue of a single penalty assessment notice is enough to enable Revenue Scotland to charge daily penalties related to land and buildings transaction tax (LBTT) returns. They came into force on 11 March 2020.
Capital allowances
The Capital Allowances Act 2001 (Amendment of Section 45K) Order SI 2020/260 comes into force on 1 April 2020. It amends the definition of the qualifying period in which expenditure on plant and machinery for use in designated assisted areas must be incurred to qualify...
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