Tackling disguised remuneration tax avoidance: on the drivers of continuing use of disguised remuneration schemes, to uncover any variations in schemes not covered by current legislation and to identify areas where the government can take further action. Closing on 30 September 2020.
Tackling promoters of tax avoidance: on proposals to strengthen the sanctions against those who promote or enable tax avoidance schemes. Closing on 15 September 2020.
R&D tax credits: on costs that companies can include in R&D tax credit claims, and whether these need to be updated to ensure the credits remain well targeted and reflect modern R&D processes. The consultation will cover R&D costs for data and cloud computing, and currently eligible costs that could be considered routine work and therefore not available for relief. Closing on 13 October 2020.
Business rates review: on the operation of the business rates system including potential ‘alternative taxes’. The consultation will run in two phases: (1) business rate multipliers and reliefs, closing on 18 September 2020; and (2) everything else, closing on 31 October 2020. The government has also announced that the next revaluation of non-domestic property in England will take effect on 1 April 2023 (a 12-month postponement) to better reflect the impact of COVID-19, with valuation based on property values as at 1 April 2021.
Pensions tax administration: on the operation of the methods of administering pensions tax relief and potential improvements. Closing on 13 October 2020.
HMRC has published summaries of responses to the following consultations:
HMRC’s civil information powers: the consultation sought views on a number of changes to HMRC’s information powers in FA 2008 Sch 36. The consultation responses led to the introduction of draft legislation for the next Finance Bill, including the proposed introduction of a new financial institution notice.
Aggregates levy review: the government’s response concludes that the levy continues to play an important role in achieving its wider environmental objectives. The government will invite further representations on the use of similar materials in different settings which are currently treated differently under the levy, and on the treatment of aggregate removed during construction works. HMRC will also publish a public register of businesses and sites registered for the levy as a tool to counter non-compliance.
Tackling disguised remuneration tax avoidance: on the drivers of continuing use of disguised remuneration schemes, to uncover any variations in schemes not covered by current legislation and to identify areas where the government can take further action. Closing on 30 September 2020.
Tackling promoters of tax avoidance: on proposals to strengthen the sanctions against those who promote or enable tax avoidance schemes. Closing on 15 September 2020.
R&D tax credits: on costs that companies can include in R&D tax credit claims, and whether these need to be updated to ensure the credits remain well targeted and reflect modern R&D processes. The consultation will cover R&D costs for data and cloud computing, and currently eligible costs that could be considered routine work and therefore not available for relief. Closing on 13 October 2020.
Business rates review: on the operation of the business rates system including potential ‘alternative taxes’. The consultation will run in two phases: (1) business rate multipliers and reliefs, closing on 18 September 2020; and (2) everything else, closing on 31 October 2020. The government has also announced that the next revaluation of non-domestic property in England will take effect on 1 April 2023 (a 12-month postponement) to better reflect the impact of COVID-19, with valuation based on property values as at 1 April 2021.
Pensions tax administration: on the operation of the methods of administering pensions tax relief and potential improvements. Closing on 13 October 2020.
HMRC has published summaries of responses to the following consultations:
HMRC’s civil information powers: the consultation sought views on a number of changes to HMRC’s information powers in FA 2008 Sch 36. The consultation responses led to the introduction of draft legislation for the next Finance Bill, including the proposed introduction of a new financial institution notice.
Aggregates levy review: the government’s response concludes that the levy continues to play an important role in achieving its wider environmental objectives. The government will invite further representations on the use of similar materials in different settings which are currently treated differently under the levy, and on the treatment of aggregate removed during construction works. HMRC will also publish a public register of businesses and sites registered for the levy as a tool to counter non-compliance.
