The House of Lords Personal Service Companies Committee heard evidence on 27 January from witnesses including Stephen Herring, head of tax at the Institute of Directors, and TaxAid’s technical director Frances Corrie.
HMRC has published two papers providing an overview of the key accounting changes and the key tax considerations for companies switching from current UK GAAP to either FRS 101 or FRS 102. The papers concentrate on corporation tax but may also help individuals within the charge to income tax, as many of the accounting and tax issues will be similar. ‘However, there are significant differences between the two tax regimes which are not reflected in these papers,’ HMRC said.
Tax return reminder
HMRC published a further reminder that 2012/13 tax returns received after the 31 January deadline would result in a £100 penalty ‘even if you have no tax to pay, or you pay your tax on time’. There were 2.8m returns outstanding on 27 January.
Place of supply rules
HMRC has published guidance on changes from 1 January 2015 to the VAT place of supply rules for ‘business to consumer’ supplies of broadcasting, telecommunications and e-services. Businesses may avoid having to register for VAT in every EU member state where they make such supplies by registering for the ‘VAT mini one stop shop’ online service. ‘This will be available on 1 January 2015, but you will be able to register to use it from October 2014,’ HMRC said.
VAT recovery: gaming machines
Revenue & Customs Brief 01/14 explains how HMRC will recover, following the Court of Appeal judgment in HMRC v The Rank Group PLC [2013] EWCA Civ 1289, amounts paid out under the terms of Brief 11/10.
Landfill tax
Revenue & Customs Brief 02/14 sets out HMRC’s approach to claims for repayment of landfill tax following the Court of Appeal judgment in HMRC v Waste Recycling Group Ltd [2008] EWCA Civ 849.
Issue briefings
HMRC has published ‘issue briefings’ on its approach to debt collection and its performance in the period April to September 2013.
Home >Articles > In brief: personal service companies; NIC rates; accounting standards; return remindee; place of supply; gaming machines; landfill; issue briefings
In brief: personal service companies; NIC rates; accounting standards; return remindee; place of supply; gaming machines; landfill; issue briefings
The House of Lords Personal Service Companies Committee heard evidence on 27 January from witnesses including Stephen Herring, head of tax at the Institute of Directors, and TaxAid’s technical director Frances Corrie.
HMRC has published two papers providing an overview of the key accounting changes and the key tax considerations for companies switching from current UK GAAP to either FRS 101 or FRS 102. The papers concentrate on corporation tax but may also help individuals within the charge to income tax, as many of the accounting and tax issues will be similar. ‘However, there are significant differences between the two tax regimes which are not reflected in these papers,’ HMRC said.
Tax return reminder
HMRC published a further reminder that 2012/13 tax returns received after the 31 January deadline would result in a £100 penalty ‘even if you have no tax to pay, or you pay your tax on time’. There were 2.8m returns outstanding on 27 January.
Place of supply rules
HMRC has published guidance on changes from 1 January 2015 to the VAT place of supply rules for ‘business to consumer’ supplies of broadcasting, telecommunications and e-services. Businesses may avoid having to register for VAT in every EU member state where they make such supplies by registering for the ‘VAT mini one stop shop’ online service. ‘This will be available on 1 January 2015, but you will be able to register to use it from October 2014,’ HMRC said.
VAT recovery: gaming machines
Revenue & Customs Brief 01/14 explains how HMRC will recover, following the Court of Appeal judgment in HMRC v The Rank Group PLC [2013] EWCA Civ 1289, amounts paid out under the terms of Brief 11/10.
Landfill tax
Revenue & Customs Brief 02/14 sets out HMRC’s approach to claims for repayment of landfill tax following the Court of Appeal judgment in HMRC v Waste Recycling Group Ltd [2008] EWCA Civ 849.
Issue briefings
HMRC has published ‘issue briefings’ on its approach to debt collection and its performance in the period April to September 2013.
