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A quick guide to recent additions to the HM Revenue & Customs website.

Week ending 23 March

What’s new?

• Guidance entitled Disclosure of national Insurance Contributions Avoidance Schemes published;
• Stamp Duty Practitioners' Newsletter, issue 17;
• New CIS: Letter to subcontractors holding CIS4(T) cards;
• Amendment to the European Mergers Tax Directive. This Technical Note seeks views on proposed changes to corporation tax;
• HMRC Brief 26/07: Alternative finance arrangements – “diminishing shared ownership” cases – implications for capital allowances and capital gains;
• HMRC Brief 25/07: HMRC Brief 21/07 update: Interim Penalties for 2005-06 PAYE Returns;
• Delivering a new relationship with business March 200: reporting the progress made towards the delivery of HMRC's two administrative burden reduction targets announced by the Chancellor at Budget 2006;
• The new Construction Industry Scheme (CIS) - a quick guide for agents;
• VAT Notice 731 Cash accounting Update 1 (April 2007): This update reflects changes to the scheme which apply from 1 April 2007;
• HMRC Brief 28/07: VAT treatment of contracted out local authority leisure service;
• HMRC Brief 27/07: VAT: Cultural exemption - clarification of 'direct or indirect financial interest' [Note 2 (c) to Group 13 of Schedule 9 to the VAT Act 1994]; and
• HMRC 24/07: VAT - Proposed reverse charge accounting for businesses trading in mobile telephones and computer chips: announcement of targeted implementation and details of how the rules will operate in practice; and exposure of draft legislation for comment.

Statutory Instruments published

• The Working Tax Credit (Entitlement and Maximum Rate) (Amendment) Regulations 2007 (2007/968);
• The Value Added Tax (Consideration for Fuel Provided for Private Use) Order 2007 (SI 2007/966);
• The Finance Act 2003, Paragraph 3(3) of Schedule 26, (Designated Transactions) Regulations 2007 (SI 2007/964);
• The Finance Act 1995, Section 127(12), (Designated Transactions) Regulations 2007 (SI 2007/963);
  The Landfill Tax (Amendment) Regulations 2007 (SI 2007/965);
• The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2007 (SI 2007/948);
• The Lottery Duty (Amendment) Regulations 2007 (SI 2007/870);
• The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2007 (SI 2007/950);
• The Finance Act 2005, Section 92 and Schedule 6, (Appointed Day) Order 2007 (SI 2007/949);
• The Finance (No.2) Act 2005, Section 2(7), (Appointed Day) Order 2007 (SI 2007/946);
• The Business Premises Renovation Allowances Regulations 2007 (SI 2007/945);
• The Income Tax (Indexation) Order 2007 (SI 2007/943);
• The Capital Gains Tax (Annual Exempt Amount) Order 2007 (SI 2007/942);
• The Value Added Tax (Increase of Registration Limits) Order 2007 (SI 2007/941); and
• The Orders for the Delivery of Documents (Procedure) (Amendment) Regulations 2007 (SI 2007/881).

HMRC Manuals updated in March

Insolvency Manual
Enquiry Manual
Trusts, Settlements and Estates
Capital Allowances
Debt Management and Banking
Schedule E
 
Links
HMRC: What’s new
HMRC: Working Together: What's new
HMRC: Tax credits: What's new
HMRC: Online Services: News