Changes to the annual investment allowance made in this year’s Finance Bill
The Court of Justice of the European Union (CJEU) has dismissed the UK’s challenge of plans by Brussels for a financial transaction tax (FTT).
The country asked the court to annul a council decision that authorised 11 EU member states to use the enhanced cooperation procedure to set up the tax – which the UK believed would impose costs on non-participating member states.
A new company has constructed and installed a wind turbine for a considerable sum on land that is rented from a farmer for a share of profits
Does the employment allowance pass the vital simplicity test?
Standfast Corporate Underwriters Ltd (TC3322)
HMRC have refined the way they handle construction industry scheme (CIS) repayments, following work by joint initiative on the tax authority’s service delivery.
The Revenue aims to process CIS repayment claims within 25 working days or less from the date of receipt, provided the information sent – by mail or online – matches that held by the department.
Part repayments will be made based on verified amounts while mismatches are discussed with the taxpayer company
By John Endacott; second edition; £58.50; paperback; ; 146 pages; Claritax Books
J Rice (TC3273)
End of year summary due by 19 April
Reviewing the new capital allowances rules for property transactions
A look at the National Audit Office report on the landscape of tax breaks
Authorised tax agents can now use a single spreadsheet to register ten or more partners in a limited liability partnership (LLP) for self assessment and National Insurance, rather than having to fill in individual forms SA401 or SA402.
The nominated partner must sign the spreadsheet, which has to be completed in a font no smaller than 12 point Times New Roman.
The information to be included depends on which of four types partner is involved, but the LLP’s name, address and unique taxpayer reference should be supplied in all cases.