Tax / Covid-19: consultation on taxation of coronavirus support grants

HMRC is holding a two-week consultation on the technical effectiveness of legislation to introduce rules on the taxation of coronavirus business support grants, which will be included in Finance Bill 2020

Tax / Covid-19: tax consultation deadlines extended

HMRC and the Treasury have set out revised timelines for tax policy consultations and other work in the light of the current Covid-19 crisis, in order to allow more time for feedback, but say that all planned reforms will still go ahead

Tax / Covid-19: FCA consults on three-month loan and credit card payment freeze

The Financial Conduct Authority (FCA) has launched an emergency four-day consultation on plans for temporary measures to help consumers manage their credit in the face of the financial impact of the coronavirus epidemic

Tax / HMRC consults on tax impact of LIBOR reform

HMRC has set out its views on the main tax impacts for businesses as a result of reforms to the London Inter-bank Offered Rate (LIBOR) and other benchmark rates

Tax / HMRC wants large businesses to notify if tax arrangements legally questionable

HMRC is consulting on proposals, first advanced in the Budget, that the UK’s largest businesses will be required to notify HMRC where they have adopted an uncertain tax treatment, in a bid to close the £6.2bn legal interpretation tax gap

Tax / Budget 2020: post-Brexit duty-free limits up for review

The government plans to consult on the duty-free limits of alcohol and cigarettes available to airline and ship passengers in a post-Brexit world 

Tax / HMRC issues draft rules for loan charge repayments

HMRC has published details of proposed legislation for setting up a scheme to administer refunds to taxpayers who made voluntary payments prior to a change in the rules regarding the loan charge

Tax / OECD consults on reporting rules for online platform sales

The OECD plans to develop a single set of reporting rules for countries to use to collect information about sales made via online platforms to assist future tax collection

Tax / Consultation on plans for 10 freeports

The government is consulting on plans to create up to 10 freeports across the UK, with tariff flexibility, customs facilitations and tax measures designed to encourage global trade and attract inward investment post-Brexit

Tax / OECD set to review country-by-country reporting rules

The OECD is consulting on a review of its country-by-country reporting (CBCR) standard which forms part of the ongoing work on base erosion and profit shifting (BEPS)

Tax / Lords committee to investigate IR35 rule change

The House of Lords Finance Bill Sub-Committee has launched an inquiry into government plans to introduce off-payroll working rules for the private sector, with concerns about whether the impact has been fully assessed

Tax / Tax consultations: February 2020

This month’s HMRC consultation focuses on IR35 draft legislation published with a four-week window for feedback from stakeholders despite being mid-way through a government review of the rules

Tax / IR35 draft legislation out for consultation

HMRC has published draft secondary legislation with a four-week window for feedback from stakeholders despite being mid-way through a government review of the rules

Tax / Maturing child trust funds will retain tax free status

Holders of child trust fund accounts will be able to transfer their funds tax free when they start maturing in September, marking the scheme reaching 18 years

Tax / Post-Budget consultation on RPI change

The government is to consult on a change to the way the retail prices index (RPI) is calculated, following a lengthy campaign by MPs, who said a statistical error means this measure of inflation is flawed