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Where Taxpayers and Advisers Meet
HMRC announcements: week ending 18 May 2007
20/05/2007, by Sarah Laing, Tax News - HMRC Administration, Practice and Methods
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A quick guide to recent additions to the HM Revenue & Customs website.

Week ending 18 May

What’s new?

  • New tax repayment form (R40) now available;
  • Guidance on what may constitute an open-ended company in the context of the changes made to the offshore funds regime by Finance Bill 2007, cl. 56 (BN 29);
  • Collection of student loans: annual statements - update for those who have not received a statement from Student Loans Company showing repayments for 2004/05 and 2005/06;
  • Amended version of List 3 (Fees and subscriptions paid to Professional Bodies and Learned Societies);
  • Draft regulations relating to Real Estate Investment Trusts;
  • Amended form R185 for trust income available;
  • Qualifying Recognised Overseas Pension Schemes (QROPS) list updated;
  • Note informing tax practitioners that HMRC are currently looking at ways to improve the online services given to agents;
  • Revised VAT Information Sheet (08/07): Reverse charge for purchases and sales of mobile phones and computer chips, which replaces Information Sheet 06/07; and
  • Notice CCL1 (Update 1) - A general guide to Climate Change Levy.

The Retail Prices Index for April 2007 has been published: 205.4.

HMRC Manuals updated in May
COTAX manual
Self Assessment manual
New Tax Credits Claimant Compliance manual
General Insurance manual
Income Tax Claims manual
Repayment Claims manual
Collection of Student Loans manual
Employment-Related Securities manual
COTAX manual
Tax Credits manual

Links
HMRC: What’s new
HMRC: Working Together: What's new
HMRC: Tax credits: What's new
HMRC: Online Services: News

About The Author

Sarah Laing
Editor, TaxationWeb News

Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences).

Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession.

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