Specialist Tax Regulatory Materials
HMRC has updated its guidance on claiming VAT refunds from 1 January 2021 to help stakeholders prepare for the end of the transition period and beyond. Further new and updated guidance may be issued as the transition period progresses, so stakeholders are advised to monitor these pages for updates.
Jurisdiction(s): England, Northern Ireland, Scotland, Wales and European Union
Residential property and capital allowancesResidential property 鈥� plant and machinery allowancesOrdinary residential property does not, and never has, qualified for capital allowances. as CAA 2001, s 35 denies plant allowances for expenditure incurred in providing plant or machinery for use in a
Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following
What are connected companies for loan relationship purposes 鈥� practical approachBrief overview of the rulesThe loan relationships legislation applies to any 鈥榤oney debt鈥� arising from the lending of money entered into by a company, either as a lender or borrower. The rules are contained in CTA 2009,
