Business and Other Briefings

PwC: The publication of the Finance Bill last week also coincided with other announcements from HMRC on issues affecting residency which will have wide ranging effects.  

Perhaps the most significant announcement indicated that HMRC would challenge the residency position on non UK residents if they were to spend more than 10 days working back in the UK during a year, potentially subjecting their entire income to UK tax.  A great many individuals who have considered themselves to be non resident for a number of years may find their residency positioned challenged.
Press release
HMRCRevenue & Customs Brief 18/11
This brief advises HMRC customers of a change in policy in respect of the taxation of Employee Benefit Trusts
HMRCRevenue & Customs Brief 17/11
This brief announces HM Revenue & Customs guidance on the new Special Relief which replaces equitable liability from 1 April 2011.
HMRCRevenue & Customs Brief 12/11
This brief explains which excise duties will see time limits increase from three years to four, and the transitional arrangements that will apply between 1 April 2011 and 31 March 2012.
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