HMRC have published P9X (2106), which sets out for employers which tax codes should be used from 6 April 2016.
HMRC have confirmed that for the purpose of Tonnage Tax flagging rules 2016 will not be an ‘excepted year’. This means that if, during the year beginning 1 April 2016, a shipping company in the Tonnage Tax regime starts to operate a ship that is not registered in an EU/EEA member state, then they must carry out a ‘flagging test’ to determine whether the ship qualifies for Tonnage Tax.
The Weekly Tax Matters tax consultation tracker for February can be found here.
UK automotive executives expect autonomous vehicles to drive consumer purchasing decisions in the next 15 years, according to KPMG’s Global Automotive Executive Survey 2016.
KPMG’s new-look website