What's new

Latest news and announcements from HM Revenue & Customs (HMRC).

RSS for Whats New | What is RSS?

28 February 2014

Apparent Un-notified Terminations

Information for pension scheme administrators on accounts with Apparent Un-notified Terminations.

2014-02-28
agents
Notice 221 and 221A on Inward Processing have now been updated and combined

This Notice cancels and replaces Public Notice 221 (September 2007) and Public Notice 221A (January 2012). Details of the main changes to the previous versions can be found in paragraph 1.2 of this notice.

2014-02-28
vat
Tariff Stop Press Notice 17/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-27
Removal of extended time limit restriction for EU cases

HMRC has published draft legislation making amendments to section 107 Finance Act 2007 with explanatory note and tax information and impact note. The proposed amendment will exclude actions relating to the charging of tax contrary to EU law from the effect of the current legislation.

2014-02-28
Updated guidance on implementation of Foreign Account Tax Compliance Act (FATCA)(PDF 603K)

The latest version of the UK Guidance on the Implementation of The International Tax Compliance (United States of America) Regulations 2013.

2014-02-28
agents;ct

27 February 2014

Tax agent & advisers: New learning products about penalties now available

HMRC have produced a new bitesize video and pre-recorded webinar which will help you learn more about penalties for inaccuracies in documents and returns.

2014-02-27
agents
PAYE for employers: Advisory Fuel Rates updated

HMRC has published advisory fuel rates to operate from 1 March 2014.

2014-02-27
agents
Tariff Stop Press Notice 16/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-27
Latest amendments to the monthly euro conversion rates

Latest amendments to the monthly euro conversion rates are now available.

2014-02-27
Revised Notice 179 February 2014

This notice cancels and replaces Notice 179 (May 2013). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

2014-02-27
vat
Tax Credits, Child Benefit and Guardian's Allowance Reviews and Appeals Order (Opens new window)

Draft Statutory Instrument, and Explanatory Memorandum, to amend legislation. This is so that a person will need to ask HMRC to reconsider their decision on a tax credits, Child Benefit or Guardian's Allowance award, before they can make an appeal.

2014-02-27
agents;charities
The Tax Credits (Late Appeals) Order 2014 (Opens new window)

Draft Statutory Instrument, and Explanatory Memorandum, to amend the Tax Credits Act 2002. This is to restore the ability of HMRC to accept late tax credits appeals, in exceptional circumstances.

2014-02-27
agents;charities

26 February 2014

Draft Guardian's Allowance Uprating Order and the GA Uprating NI Order 2014 (Opens new window)

The draft GA Uprating Order and the GA Uprating Order NI provide details of the relevant rates payable from 7 April 2014. These rates were announced at Autumn Statement 2012 and published by the Treasury.

2014-02-26
agents;charities
Draft Tax Credits Up-rating Regulations 2014 (Opens new window)

The draft Tax Credits Up-rating Regulations 2014 provide details of the rates of Working Tax Credit and Child Tax Credit payable from 6 April 2014. These were announced at Autumn Statement 2012 and published by the Treasury.

2014-02-26
agents
Statutory Instrument: SI 2014/402 (Opens new window)

This Order increases the amount that a person can contribute to savings arrangements linked to tax advantaged Save As You Earn (SAYE) employee share option schemes, from £250 to £500 with effect from 6 April 2014.

2014-02-26
agents
Customs Information Paper (14) 12 (PDF 26K)

Commonwealth Games Temporary Admission / Community System of Duty Reliefs - Giveaway Goods.

2014-02-26
Customs Information Paper (14) 11 (PDF 26K)

Community System of Duty Reliefs - Giveaway goods.

2014-02-26
Customs Information Paper (14) 10 (PDF 88K)

Customs warehousing retail sales.

2014-02-26
Withdrawal of National Insurance Number Tracing Service

The CA6855 clerical tracing service is to be withdrawn.

2014-02-26
agents

25 February 2014

Revised Notice 701/30 (February 2014)

This notice cancels and replaces Notice 701/30 June 2011. Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

2014-02-25
vat;agents
Agent Update 40 (PDF 352K)

The bi-monthly round up of the latest developments in tax, HMRC service and consultations for accountants and tax professionals and a section on the latest news and issues from the Working Together network.

2014-02-25
agents
Revised Notice 700/1 (March 2014)

This notice cancels and replaces Notice 700/1 April 2010. Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

2014-02-25
agents
Charities Online demonstrator has been improved (PDF 1.2MB)

HMRC has updated the demonstrator in response to common mistakes to help you submit your Gift Aid repayment claims online.

2014-02-25
agents;charities
Interest Return guidance notes for 2014-15 now published

HMRC has now published new guidance notes for Bank, Building Society Interest and Other Interest returns (formerly Type 17/18 returns). You will not need to report National Insurance numbers for ordinary accounts opened after 5 April 2013 nor the proceeds of deeply discounted securities.

2014-02-25

24 February 2014

Customs Information Paper (14) 09 (PDF 15K)

Revised forms for CSDR (Community System of Duty Reliefs) - C920 and C1421 for claiming relief from duty and VAT on decorations and awards and inherited goods.

2014-02-24
Amendments to Regulation 72E & F of Pay As You Earn (PAYE) regulations

HMRC has published for external comment draft Statutory Instrument making amendments to the Income Tax (PAYE) Regulations 2003 with accompanying Explanatory Memoranda and TIIN in respect to changes to Regulation 72E and F.

2014-02-24
agents
Customs Information Paper (14) 08 (PDF 15K)

Revised form C& E 810 Application/Authorisation for Inward Processing.

2014-02-24

21 February 2014

Changes to the supervision of Estate Agency Businesses (Opens new window)

From 1 April 2014 supervision of Estate Agency Businesses under Money Laundering Regulations, moves to HMRC.

2014-02-21
agents
Large movement for Kazakhstan exchange rate

There has been a large movement for the Kazakhstan exchange rate this week.

2014-02-21

20 February 2014

Status of the UK/USSR Double Taxation Convention in relation to Tajikistan

HMRC has announced an update on the application of the UK/USSR Double Taxation Convention in relation to Tajikistan.

2014-02-20
ct

19 February 2014

New forms IHT205 (2011), IHT217 and IHT206 (2011) Notes

New Inheritance Tax forms published - IHT205 (2011) Return of estate information, IHT217 Claim to transfer unused nil rate band for excepted estates and IHT206 (2011) Notes to help you fill in form IHT205 (2011).

2014-02-19
agents
Revised Notice 143 February 2014

This cancels and replaces Notice 143 (January 2013). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

2014-02-14
agents;vat
NCTS Trader Test Procedure unavailable 27 March - 2 April (KEL 26 upgrade)

An upgrade to NCTS (KEL 26) is scheduled for June 2014. The NCTS Trader Test System will be unavailable 27th March to 2nd April to introduce the KEL 26 specification. More information on the changes will be provided later.

2014-02-19
Employer Bulletin Issue 46 (PDF 994K)

Issue 46 of the Employer Bulletin is now available. Aimed at employers and agents, it contains important information and news about topics wich may affect payroll obligations to HMRC.

2014-02-19
agents

18 February 2014

Publishing details of deliberate defaulters (PDF 70K)

Subject to certain stringent conditions, anyone who has deliberately defaulted on their tax responsibilities will have their details published by HMRC. Today HMRC has published its fifth list of deliberate defaulters who meet those conditions.

2014-02-18
agents
Employers' final PAYE submission for 2013-14

With the end of the 2013-14 tax year approaching, employers will soon be making their final 2013-14 PAYE submission. This year, employers should not complete a P35 or P14.

2014-02-18
agents
Tariff Notice 5/14

Common Customs Tariff, Combined Nomenclature, Tariff classification, Control unit with Touchscreen.

2014-02-18
Tariff Notice 4/14

Common Customs Tariff, Combined Nomenclature, Tariff classification, LCD Medical Monitor.

2014-02-18
Tariff Notice 3/14

Common Customs Tariff, Combined Nomenclature, Tariff classification, High Speed Camera.

2014-02-18
Tariff Notice 2/14

Common Customs Tariff, Combined Nomenclature, Tariff classification, Colour LCD Monitor.

2014-02-18
Tariff Notice 1/14

Common Customs Tariff, Combined Nomenclature, Tariff classification, Touchscreen ADP Monitor.

2014-02-18

17 February 2014

Tariff Stop Press Notice 15/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-17
Laundry allowance claims from Ratings and Other Ranks in the Ministry of Defence (Opens new window)

A new annual flat rate expense allowance for laundering uniforms by Ratings and Other Ranks has been agreed between HMRC and Ministry of Defence.

2014-02-17
agents;ct
Statutory Instrument: SI 2013-211 (Opens new window)

The Enactment of Extra-Statutory Concessions Order 2014 was made on 4 February and came into force on 5 February 2014.

2014-02-17
agents
HMRC relationship with tax agents

HMRC has updated their guidance on the Tax Agent Strategy - including an update on the new online services for agents.

2014-02-17
agents
Draft legislation - The Stamp Duty and Stamp Duty Reserve Tax (Exchange Traded Funds) (Exemption) Regulations 2014

HMRC has published for consultation a draft Statutory Instrument exempting transfers of interests in Exchange Traded Funds from Stamp Duty and Stamp Duty Reserve Tax. The consultation closes on 13 March 2014.

2014-02-17
stamps
Brunei Darussalam - Entry into force of an amending Agreement and Protocol

Entry into force of an Agreement amending the UK/Brunei Darussalam Double Taxation Arrangement on 19 December 2013.

2014-02-17
ct
Revenue & Customs Brief 08/14

This Brief announces a change in HMRC policy in relation to sports leagues; it also cancels the Revenue & Customs Brief 04/11.

2014-02-17
vat; agents
Corporation Tax on chargeable gains - Indexation Allowance - December 2013 (PDF 42K)

Tables showing the Indexation Allowance for assets disposed of in December 2013 are now available.

2014-02-17
agents;ct
Pay your PAYE/Class 1 National Insurance Contributions on time

As 22 February is a Saturday, you may need to have cleared funds in HMRC's bank account by 21 February if you pay your PAYE electronically.

2014-02-17
agents

14 February 2014

Tariff Stop Press Notice 14/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-14
Commissioners Directions: Report of pleasure craft, presentation and declaration of goods on board (PDF 134K)

Commissioners Directions that apply for passenger information.

2014-02-14
Pensions Newsletter 60 (PDF 64K)

The February 2014 edition has now been published.

2014-02-14
Gambling Tax Reform 2014 - Information Note 2 (PDF 147K)

Information providing administrative requirements for remote gambling operators in preparation for reformed tax changes to place of consumption, effective from 1 December 2014.

2014-02-14
agents
Seafarers' Earnings Deduction (SED) - Employment Income Manual - EIM33007

HMRC has amended EIM33007 to reflect the withdrawal of obsolete guidance detailing what counts as a day of absence from the UK for the purposes of SED.

2014-02-14
agents

13 February 2014

Tax help for business start-ups with HMRC webinars (Opens new window)

There are still some places available for new and prospective businesses to learn more about their business tax responsibilities through live webinars taking place this Saturday (15 February). Each of the four webinars last an hour and give the opportunity for you to ask questions.

2014-02-13
agents
The Annual Tax on Enveloped Dwellings return is being upgraded

HMRC is updating the Annual Tax on Enveloped Dwellings (ATED) Return for 2014-15 and the form will not be available between 3pm on Friday 28 February until 10am on Monday 3 March 2014.

2014-02-13
agents;stamps;ct
Revised Notice 700/64: Motoring Expenses

Revised Notice February 2014. This Notice cancels and replaces notice 700/64 July 2012.

2014-02-13
agents;vat
The Organisation for Economic Co-operation and Development issues final version of the Common Reporting Standard (Opens new window)

The Organisation for Economic Co-operation and Development (OECD) has published the final text of the Common Reporting Standard (CRS) for multilateral exchange, with 41 jurisdictions having committed to implementation. The commentary to the CRS is still under discussion at the OECD.

2014-02-13
agents
Category 1 crude oil values (PDF 14K)

Crude oils that are valued using Price Reporting Agency data, updated January 2014 have now been published.

2014-02-13

12 February 2014

Statutory Instrument: Machine Games Duty (Types of Machine) Order SI 2014 No. 47 (Opens new window)

This instrument makes changes to the stake and prize values that determine which machines qualify for Machine Games Duty at the lower rate of 5%.

2014-02-12
Reporting Offshore Funds (XLS 5.68MB)

The list has now been updated to include the funds that have entered the Reporting Fund Regime as at 6 February 2014.

2014-02-12
Beneficial loan arrangements - official rate of interest for 2014-15

The Official Rate of interest, used to calculate the income tax charge on beneficial loans, has been announced for tax year 2014-15. The new Official Rate of interest of 3.25% will take effect from 6 April 2014.

2014-02-12
agents
Help for our customers affected by flooding

HMRC appreciate that some individuals and businesses may find it difficult to meet their tax obligations to us due to the severe floods.

2014-02-12
agents;ct;vat
UK/Zambia Double Taxation Agreement signed on 4 February 2014

A new comprehensive Double Taxation Agreement between the United Kingdom and the Republic of Zambia was signed in Lusaka on 4 February 2014 by James Thornton, British High Commissioner to Zambia, and Alexander Bwalya Chikwanda, Zambian Finance Minister.

2014-02-12
ct

11 February 2014

Customs Information Paper (14)07 (PDF 23K)

EU Council Regulation on the Suspension of Restrictive Measures against Iran.

2014-02-11
UK Overseas Trade Statistics - EU countries latest release (Opens new window)

UK Overseas Trade Statistics for trade in goods with EU countries are released today, for December 2013.

2014-02-11

10 February 2014

Revised Notice 701/14: Food

Revised Notice February 2014. This notice cancels and replaces Notice 701/14 (October 2011).

2014-02-10
agents;vat
Tariff Stop Press Notice 13/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-10
Improved digital services from HMRC

Following HMRC's Digital Strategy published in December 2012, HMRC is launching pilots for 3 new digital services. These will be tested with a small number of customers from February 2014.

2014-02-10
agents

7 February 2014

Employment-Related Shares & Securities Bulletin (PDF 37K)

The thirteenth Employment-Related Shares and Securities Bulletin providing information and updates on developments relating to employment-related securities, including the tax-advantaged employee share schemes has been published.

2014-02-07
agents
Electronic messages to employers

HMRC has issued electronic warnings to employers who have not submitted the number of returns expected during the January tax month.

2014-02-07
agents
Guidance Notes for Individual Savings Account (ISA) Managers (PDF 1.4MB)

The Guidance Notes for ISA Managers have been updated.

2014-02-07
Tariff Stop Press Notice 12/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-07
National Statistics: Income Tax statistics and distributions statistics (Opens new window)

Income Tax statistics and distributions statistics, tables 2.1 to 2.7, are now available.

2014-02-07
UK Overseas Trade Statistics - Non-EU countries latest release (Opens new window)

UK Overseas Trade Statistics for trade in goods with non-EU countries are released today, for December 2013.

2014-02-07

6 February 2014

New link for Extensible Markup Language (XML) format of the exchange rates

In the Weekly Exchange Rates pages there is a new link for the XML format.

2014-02-06
National Insurance Contributions (NICs) Employment Allowance (Opens new window)

Get up to £2,000 reduction in your employer Class 1 NICs payments each tax year from April 2014 - Guidance for Employers

2014-02-06
agents
Revised Notice 237 (February 2014)

This notice cancels and replaces Notice 237 (August 2012). Details of any changes to the previous version can be found at section 1.2

2014-02-06
agents;vat

5 February 2014

Second estimate of the VAT gap for 2012-13: Official statistics release

Confirmation of the publication release of the second estimate of the VAT gap official statistics for 2012-13.

2014-02-05
agents
Revised Notice 235: Outward Processing Relief

Revised Notice February 2014. This notice cancels and replaces Notice 235 (December 2012). Details of any changes to the previous version can be found in paragraph 1.2 of the notice.

2014-02-05
vat
Revised Notice 452: Machine Games Duty

This notice cancels and replaces Notice 452 (December 2013). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

2014-02-05
vat
Climate Change Levy guidance updated

Public notices CCL 1/1, CCL 1/5 and CCL 1/6 have been updated.

2014-02-05
agents
Category 1 crude oil values (PDF 67K)

Crude oils that are valued using Price Reporting Agency data, updated December 2013 have now been published.

2014-02-05
Text messages

HMRC will be sending text messages (SMS messages) to some customers to acknowledge receipt of their claim for tax credits. The messages will be sent for a short period starting 5 February.

2014-02-05

4 February 2014

Employment Related Securities Stakeholder Forum

Minutes of the Employment Related Securities Forum meeting held on 9 December 2013 have now been published.

2014-02-04
agents
Customs Information Paper (14) 06 (PDF 17K)

CITEX written enquiries team - change of address.

2014-02-04
Tariff Stop Press Notice 11/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-04
Tariff Stop Press Notice 10/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-04
Tariff Stop Press Notice 09/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-04
Tariff Stop Press Notice 08/14

Latest amendments to volume 2 of the printed version of the UK Trade Tariff.

2014-02-04

3 February 2014

Employee Shareholder (ES) Application for agreement to a share valuation (PDF 907K)

Application for agreement to a share valuation in connection with an award of shares under an Employee Shareholder agreement.

2014-02-03
agents
Updated guidance for Crown Dependencies / Overseas Territories reporting

The UK has published draft guidance to support the International Tax Compliance (UK, Isle of Man, Guernsey, Jersey and Gibraltar) Regulations 2014.

2014-02-03
agents
Registered Dealers in Controlled Oils (RDCO) scheme - changes to Notice 192

Notice 192 has been updated to reflect changes to the approval process and the obligations of the RDCO (duty of care).

2014-02-03
vat;agents
Update of Notice 179A Aviation Turbine Fuel (Avtur)

Notice 179A has been updated with new contact details and amended guidance for dealers in Avtur (not Avgas).

2014-02-03
Notice 192 Registered dealers in controlled oil has been updated.

This notice for RDCOs has been updated with new contact details and guidance.

2014-02-03
Consultation on the simplification of Intrastat (Opens new window)

A consultation has been published seeking the views of businesses required to submit Intrastat declarations and users of trade data on proposals to simplify the Intrastat system.

2014-02-03
agents
New XML format for exchange rates

The February 2014 weekly amendments to exchange rates are now also available in XML format.

2014-02-03
Revenue & Customs Brief 06/14

This brief sets out HMRCs position following the decision of the Court of Justice of the European Union (CJEU) in Fiscale Eenheid PPG Holdings BV cs te Hoogezand (PPG).

2014-02-03
vat;agents

Nov | Dec | Jan | Feb | Mar | Apr