Changes to the tax regime for unauthorised unit trusts are the subject of new guidance released by HMRC.
A trust with at least one exempt unit holder and one non-exempt unit holder for the period from 24 May 2012 to 5 April 2014 will be a mixed unauthorised unit trust, and will complete its tax return (SA900) in the same way as for earlier tax years.
Liabilities that might arise on a corporate change of residence
Tax treatment of compensation for missold financial products
VAT refund scheme
HMRC has issued Notice 1001 to explain the rules that apply to charities eligible for refunds of VAT under VATA 1994, s 33C and s 33D. Qualifying charities can claim a refund of VAT incurred on most goods and services supplied to them on or after 1 April 2015 and which relate to their non-business activities. The charity does have to be VAT registered.
The Commons debate of Finance (No 2) Bill 2015
Does the cancellation of a R&D project mean tax relief must be clawed back?
What are the implications of a company’s move from trading to investment?
Spring Capital Ltd (TC4273)
Implications of a gift of shares and share buy-back
Will a cosmetic transfer of funds result in adverse corporation tax consequences?
PAC also critical of reliefs cost data
Pyreos Ltd (TC4328)
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