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

Week ending 30 March

What’s new?

• Self Assessment drafts timetable available for 2007/08;
• Various NIC Contracting-out rates for 2007/08 published;
• Summary of Responses: Ensuring compliance with tax avoidance disclosure regime;
• Summary of Responses and HMRC comments: UK Investment Manager Exemption;
• Draft guidance for business on the prevention of money laundering;
• Recognised Stock Exchanges – Budget 2007: This note clarifies the status of AIM shares and the designation of Recognised Stock Exchanges following the issue of Budget Note 37;
• Corporation Tax: Change of contact details from 6 April 2007;
• Summary of responses to the consultation on proposals for a modernised Customs Code;
• PEP & ISA Bulletin 38;
• New guidance on UK Real Estate Investment Trusts (UK REITs);
• HMRC Brief 31/07: Partial Exemption VAT recovery on overhead costs relating to supplies of hire purchase;
• HMRC Brief 30/07 contains an article concerning the outcome of Halifax case;
• HMRC Brief 29/07: VAT ESC 3 29 and change of use provisions; and
• VAT Notice 179 Update 1 (March 2007): Motor and heating fuels: General information and accounting for Excise Duty and VAT.

Regulatory Impact Assessments:

• Managed Service Companies;
• Criminal Investigation Powers;
• Compliance with the Tax Avoidance Disclosure Regime;
• New Duty of Excise called Remote Gaming Duty;
• HMRC and the Taxpayer: Modernising Powers, Deterrents and Safeguards: Penalties for Incorrect Returns; and
• Review of Powers: Penalties for Incorrect Returns.

Statutory Instruments: 

• The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (SI 2007/1050);
• The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2007 (SI 2007/1052);
• The Child Benefit Up-rating Order 2007 (SI 2007/1053);
• The Income Tax (Pay as You Earn) (Amendment) Regulations 2007 (SI 2007/1077);
• The Guardian’s Allowance Up-rating Regulations 2007 (SI 2007/1071);
• The Finance Act 2006 (Section 94(5)) (PAYE: Retrospective Notional Payments - Appointment of Substituted Date) Order 2007 (SI 2007/1081); and
• The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (SI 2007/1031).

HMRC Manuals updated in March

Double Taxation Relief
Debt Management and Banking
Insolvency Manual
Enquiry Manual
Trusts, Settlements and Estates
Capital Allowances 
Schedule E

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