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New HMRC guidance: 31 May 2019

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HMRC has published the following:         

  • Notice 701/1: How VAT affects charities: updates the January 2019 version with a new section on the treatment of mixed sponsorship and donations (section 5.9.6).
  • VAT Notice 701/41: Sponsorship: updates the January 2019 version with clarification on the treatment of mixed sponsorship and donations (section 2.3);
  • Notice 742A: Opting to tax land and buildings: updates the November 2018 version, adding corporate bodies, overseas entities and holders of a power of attorney to the list of authorised signatories for the purposes of notifying an option to tax (section 7.6); and
  • Notice 476: Tobacco products duty: updates the November 2018 version to reflect changes to the requirements for fiscal marks which came into effect from 20 May 2019 (section 12.3 and Annex 2).
Issue: 1445
Categories: News
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