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Other news in brief

Other news in brief

A round up of other news this week.

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On 27 March the Treasury Committee (and its sub-committee) announced three new inquiries into various tax matters: The Conduct of Tax Enquiries and the Resolution of Tax Disputes inquiry which will examine whether HMRC's approach to conducting tax enquiries, resolving tax disputes, and determining the amount of tax to be paid meets the standards set out in its code of governance; a Tax Avoidance and Evasion inquiry which will examine the amount of tax lost to avoidance and offshore evasion and will consider the adequacy of HMRC's resources, skills and powers; and a VAT inquiry which will look at the opportunities and challenges of Brexit, the Tax Gap, how the complexity and burden on business can be reduced and whether the process of making VAT policy could be improved. Written submissions have been requested by 31 May 2018.

HMRC have updated their corporate interest restriction (CIR) internet page to add information on how to submit a full or abbreviated ‘interest restriction return’. The revised internet page includes a link to an online form and four templates that can be used to create the return. For more details, see our CIR (BEPS Action 4) Diary.

The Land Transaction Tax (Transitional Provisions) (Wales) (Amendment) Regulations 2018 have been published.

A First-tier Tribunal decision has been published in relation to a preliminary procedural SDLT appeal concerning disclosure, privilege and extension of time to call witnesses.

KPMG in the UK’s Head of Retail, Paul Martin, comments on the proposed plastics deposit scheme currently under consultation.

The BRC-KPMG in the UK Retail Sales Monitor data for the past five years looks at the significance of the Easter period for UK retailers.
 

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