Issue 48 of Agent Update, HMRC’s bi-monthly news roundup for tax advisers, is now available.
Items include confirmation that the Revenue has updated 15 out of its 20 toolkits, with the remaining five to be revamped over the next few months. The toolkits cover the 400 most common errors that HMRC see in returns filed by tax advisers.
The tax and National Insurance (NI) treatment of professional sportspeople’s income from testimonials and benefit matches is to be put on a firm legislative basis.
The government move comes as the result of HMRC view that the handling of such income does not reflect the statutory position.
A technical note and call for evidence issued in October proposed that the Revenue rewrite its guidance on the treatment of testimonial and benefit games.
M Joyce (TC4453)
Basic rules of relief for personal pension contributions
A consultancy ends and a writing career begins, but is this the same business?
J Herbert (TC4395)
ACC Green (TC4427)
Can property expenses for a main residence be claimed against rental income?
Treatment of rent paid by a partnership to spouses
Allocating revenue and capital expenditure between the co-owners of a property
Can capital allowances be claimed on a car purchased personally for company use?
Treatment of compensation arising from a racial discrimination claim