Admin

Tasks to share around the office this week

The chancellor should resist the urge to make tax announcements in the autumn statement

HMRC seek views on revamped direct collection rules

HM Treasury has published a summary of responses to the summer’s consultation on the changes to the eligibility rules for community amateur sports clubs (CASCs) and the associated tax reliefs.

The latest document sets out details of the new rules:

National Insurance; capital gains tax; social investment tax relief; creative industries; avoidance; Charity Commission

E Behague (TC2983)

Tax experts have raised concerns about the government’s plan to impose capital gains tax (CGT) on overseas residents who sell UK property, calling it an attack on rich non-voters and warning that it could discourage foreign investors.

The chancellor, George Osborne, announced the charge in his autumn statement today, after weeks of speculation it would form part of an anti-avoidance package in his speech to the Commons.

HMRC guidance on the gift aid small donations scheme in relation to mergers of charities or community amateur sports clubs (CASCs) does not include specific reference to time limits – but they exist for new organisations to notify the tax authority if they want to take over a claims history after a merger.

The newly created body must make its application at least 60 days before its first gift aid claim or within 90 days after the date on which the current organisation began to carry on the activities of the previous one, whichever falls earlier.

Points to consider

There is no workable set-up without efficient administration

Making use of the alternative dispute resolution process

Smart Polymers Ltd (TC2987)