The Government is consulting on proposed changes to two aspects of the partnership tax rules in order to prevent tax loss arising from disguising employment relationships through limited liability partnerships (LLPs), and from certain arrangements involving allocation of profits and losses among partnership members.
This consultation proposes that empty commercial properties completed between 1st October 2013 and 30 September 2016 will get 18 months business rate relief.
This Guidance Note explains how the practice, under which Beaters employed by shoots were treated as "Daily Casuals" for the purposes of PAYE is being adapted for the new Real Time Information system, including the information to be obtained from the Beater and how it should be recorded.
The EU is seeking the abolition of reduced rates which constitute an obstacle to the proper functioning of the internal market. This review has particular resonance for housing and the reduced VAT rate on energy efficiency materials and micro-generation in the UK. The CLA response has been guided by consultation with the Taxation Committee and focuses on promotion of "10" but more specifically 10a of Annexe III of the 2006 VAT Directive. "10a" allows for Labour and Materials spend on renovation and repair work to be split and the lower rate of VAT to be levied on the labour element only. It also allows for spend on repair work to be offset against other tax.
The CLA has responded to the 12th July 2012 HM Revenue and Customs consultation
that explores extending the use of rebated fuel for gritting in rural areas. In
its response, the CLA has welcomed the proposed extension and suggested other
possible uses which should also qualify for use of rebated fuel.
The CLA has responded to the July 2012 consultation that explores the mechanism,
first announced by the Chancellor in his March 2012 Budget to introduce a cap on
unlimited income tax reliefs.
The CLA has responded to the 12th June 2012 consultation that explores proposals to introduce a general anti-abuse rule to counter perceived unacceptable tax avoidance. In its response (which is limited to how such a rule would work within inheritance tax) the CLA has suggested that the rule is unnecessary, but if introduced should replace existing anti-avoidance legislation.
The CLA has responded to the June 2012 consultation that explores a possible,
temporary, and limited disincorporation relief for the smallest businesses. In
its response, the CLA has suggested that a disincorporation relief should be
available to all companies and that tax should not seek to prefer one business
structure over another.
In the 2012 Budget Statement it was announced by the Chancellor that he intended
to introduce new tax charges to counter tax avoidance on the transfer of
high-value residential property.
In the March 2012 Budget the Government announced the abolition of VAT zero-rating of approved alterations to listed dwellings, from October 2012, suggesting