Trusts and Estates Newsletter (January 2020): includes articles on new ‘micro service’ for reporting property disposals and paying CGT from April 2020, new ‘micro-service’ version of the trust registration service, consultation on 5MLD and trust registration, registering complex estates, and NS&I accounts join direct payment scheme;
Register a non-resident company for corporation tax: updated for exemption where a property disposal has an ‘appropriate connection’ to a collective investment vehicle and treaty relief is available (CG73996J), and requirement to submit CT returns even under the non-resident landlord scheme from April 2020;
Annual tax on enveloped dwellings returns notice: updated with new paragraphs 4.6, 7.4 and 7.5 on notifying HMRC of changes in circumstances affecting a particular relief type return and revised paragraph 9.15 on timing of claims for interim relief;
CWG2: further guide to PAYE and NICs: updated version for 2020/21;
CWG5(2020): Class 1A NICs on benefits in kind, Termination Payments and Sporting Testimonial payments: updated version for 2020/21;
Managed service company legislation (Spotlight 32): updated to reflect the Supreme Court’s refusal of permission to appeal in Christianuyi Ltd and Others. The decision is now final and HMRC ‘will use it to challenge such arrangements’;
Sporting testimonials: income tax and NICs payments: updated with details of NICs changes with effect from 6 April 2020; and
Notice 735: VAT domestic reverse charge procedure: updated to clarify that when submitting reverse charge sales lists for certain supplies, the information given for each customer should include the relevant VAT return period, as well as VAT registration number and the value of reverse charge sales to that customer for each calendar month in the period (section 11.4.2).
Trusts and Estates Newsletter (January 2020): includes articles on new ‘micro service’ for reporting property disposals and paying CGT from April 2020, new ‘micro-service’ version of the trust registration service, consultation on 5MLD and trust registration, registering complex estates, and NS&I accounts join direct payment scheme;
Register a non-resident company for corporation tax: updated for exemption where a property disposal has an ‘appropriate connection’ to a collective investment vehicle and treaty relief is available (CG73996J), and requirement to submit CT returns even under the non-resident landlord scheme from April 2020;
Annual tax on enveloped dwellings returns notice: updated with new paragraphs 4.6, 7.4 and 7.5 on notifying HMRC of changes in circumstances affecting a particular relief type return and revised paragraph 9.15 on timing of claims for interim relief;
CWG2: further guide to PAYE and NICs: updated version for 2020/21;
CWG5(2020): Class 1A NICs on benefits in kind, Termination Payments and Sporting Testimonial payments: updated version for 2020/21;
Managed service company legislation (Spotlight 32): updated to reflect the Supreme Court’s refusal of permission to appeal in Christianuyi Ltd and Others. The decision is now final and HMRC ‘will use it to challenge such arrangements’;
Sporting testimonials: income tax and NICs payments: updated with details of NICs changes with effect from 6 April 2020; and
Notice 735: VAT domestic reverse charge procedure: updated to clarify that when submitting reverse charge sales lists for certain supplies, the information given for each customer should include the relevant VAT return period, as well as VAT registration number and the value of reverse charge sales to that customer for each calendar month in the period (section 11.4.2).
