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Technical note: Amendments to the EGLBAGL Regulations 2002

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Corporation Tax – Amendment to the Exchange Gains and Losses (Bringing into Account Gains and Losses) Regulations 2002 (PDF 99K) Technical note, which includes draft Regulations, Explanatory Note, Explanatory Memorandum, Tax Information and Impact Note. Comments or questions on this technical note should be sent by email to Richard Daniel by 2 July 2013.

Implementation of the UK-US Agreement: update HM Revenue & Customs (HMRC) has published regulations, a Tax Information and Impact Note and guidance.

Draft Statutory Instrument - The Denatured Alcohol (Amendment) Regulations 2013 (PDF 26K) Comments or questions on this draft should be sent by e-mail to Alcohol Policy by 7 May 2013.

Draft Explanatory Memorandum - The Denatured Alcohol (Amendment) Regulations 2013 (PDF 34K) Comments or questions on this draft Explanatory Memorandum should be sent by e-mail to Alcohol Policy by 7 May 2013.

Corporation Tax - 'Targeted Loss Buying' (PDF 485K) Draft legislation, Explanatory Note and Tax Information and Impact Note.

Oil Tax - Additionally developed Oil Fields Order 2013 (PDF 68K) Draft Statutory Instrument.

Draft secondary legislation - Capital Gains Tax: Amendment to Regulations - ordinarily resident and non resident third parties to appeals Comments on these draft regulations should be sent to Antonio Zagara

Draft Regulations on changes to the time limits and higher rate provisions for the payment of voluntary National Insurance contributions for those reaching State Pension age on or after 6 April 2017 have been published.

Draft Statutory Instrument - The Air Passenger Duty (Amendment) Regulations 2013 (PDF 37K) Comments or questions on this draft should be sent by email to Wing Edmundson by Thursday 28 February 2013.

Draft Explanatory Memorandum - The Air Passenger Duty (Amendment) Regulations 2013 (PDF 30K) Comments or questions on this draft should be sent by email to Wing Edmundson by Thursday 28 February 2013.

Draft Statutory Instrument - The Building Societies (Core Capital Deferred Shares) Regulations 2013 (Opens new window) Draft regulations providing tax rules for building society deferred shares which qualify as core tier 1 for regulatory capital purposes have been laid in Parliament.

Draft Statutory Instrument - The Registered Pension Schemes (Authorised Payments) (Amendment) Regulations 2013 (PDF 37K) Comments or questions on this draft Statutory Instrument should be sent by email to Pensions Policy by 1 March 2012.

Draft Explanatory Memorandum - The Registered Pension Schemes (Authorised Payments) (Amendment) Regulations 2013 (PDF 39K) Comments or questions on this draft Explanatory Memorandum should be sent by email to Pensions Policy by 1 March 2012.

Draft secondary legislation alongside Finance Bill 2013 Comments on any of these draft regulations should be sent to Offshore Personal Tax team.

Draft Statutory Instrument - The Registered Pension Schemes (Reduction in Pension Rates, Accounting and Assessment)(Amendment) Regulations 2013 Comments on the draft Statutory Instrument should be sent to Pensions Policy by 22 February 2013.

The Life Insurance Qualifying Policies draft Statutory Instrument (PDF 20K) Comments on the draft Statutory Instrument should be sent to David Moran or Elizabeth Ward-Penny by 28 February 2013.

The Life Insurance Qualifying Policies draft Explanatory Memorandum (PDF 25K) Comments on the draft Explanatory Memorandum should be sent to David Moran or Elizabeth Ward-Penny by 28 February 2013.

The Life Insurance Qualifying Policies draft Appointed Date Order (PDF 12K) Comments on the draft Appointed Date Order should be sent to David Moran or Elizabeth Ward-Penny by 28 February 2013.

Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2013 (PDF 20K) and The Social Security (Contributions) (Re-rating) Order 2013 (PDF 25K) HM Revenue & Customs has published draft regulations and an order setting out the National Insurance contributions rates, thresholds and limits for the 2013-14 tax year. The draft regulations and order are subject to approval by both Houses of Parliament. As well as the draft regulations an Explanatory Memorandum for each has been published. Explanatory Memorandum to Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2013 (PDF 34K) and the Explanatory Memorandum to The Social Security (Contributions) (Re-rating) Order 2013 (PDF 66K)

Draft Regulations on the coding out of debts of Class 2 NICs (PDF 21K) Comments on the draft Regulations should be sent to Raj Nayyar by 15 February 2013.

Draft Explanatory Memorandum on the coding out of debts of Class 2 NICs (PDF 28K) Comments on the draft Explanatory Memorandum should be sent to Raj Nayyar by 15 February 2013.

Draft regulations on the implementation of the UK-US FATCA Agreement (PDF 1.5MB) Comments on these draft regulations and the draft guidance (PDF 281K) should be sent to FATCA consultation by 28 February 2013.

Improving the operation of PAYE: Collecting Real Time Information This technical note presents draft amendments to regulations relating to PAYE, National Insurance contributions (NICs) and Construction Industry Scheme (CIS). Please send any comments to Paye Policy by 11 January 2013.

The Spirits (Amendment) Regulations 2012 (PDF 24K) Comments on these draft regulations should be emailed to HMRC's Alcohol Policy Team by 11 February 2013.

The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) (Amendment) Regulations 2012 (PDF 65K) Comments on these draft regulations should be e-mailed to Clare Dunne by 7 December 2012

Patent Box draft Statutory Instrument consultation (PDF 15K) Comments on the draft Statutory Instrument should be emailed to Carol Johnson by 4 December 2012.

Patent Box draft Explanatory Memorandum consultation (PDF 29K)Comments on the draft Explanatory Memorandum should be emailed to Carol Johnson by 4 December.

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Draft Regulations on The Tax Treatment of Financing Costs and Income (Capital Market Arrangements) (Elections) are issued today for comment (PDF 61K) Comments on the draft regulations should be emailed to Lesley Hamilton by 30 November 2012.

Field allowance draft Statutory Instrument consultation (PDF 37K) Comments on the draft Statutory Instrument should be emailed to Hugh Hedges by 2 November 2012.

Field allowance: draft Explanatory Memorandum (PDF 26K) Comments on the draft Explanatory Memorandum should be emailed to Hugh Hedges by 2 November 2012.

Draft Regulations on transitional arrangements for the new tax regime for life insurance companies (PDF 54K) Comments on the draft regulations should be e-mailed to Andy Stewardson by 19 November 2012.

Draft Regulations on new tax regime for Friendly Societies (PDF 34K) Comments on the draft regulations should be e-mailed to Andy Stewardson by 19 November 2012.

Draft Regulations on The Tax Treatment of Financing Costs and Income (Correction of Mismatches) have been issued for comment (PDF 52K)

Draft Regulations on The Tax Treatment of Financing Costs and Income (Excluded Schemes) have been issued for comment (PDF 57K) Comments on the draft regulations should be emailed to Lesley Hamilton by 16 November 2012.

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Draft legislation for the Inheritance Tax (Market Makers and Discount Houses) Regulations 2012 (PDF 28K) Draft legislation to extend Business Property Relief.

Consultation on changes to the VAT Refund Scheme for museums and galleries (PDF 88K) Consultation on changes to schedule to SI 2001/2879 amending the list of museums and galleries permitted to reclaim VAT on purchases made in connection with free rights of admission to the public.

The Gift Aid Small Donations Scheme: Small Charitable Donations Bill HM Revenue & Customs (HMRC) has published draft regulations for comments by 5 December 2012.

Contractual schemes for collective investment: draft regulations HM Revenue & Customs (HMRC) has published draft tax regulations for technical comment following the consultation on contractual schemes for collective investment which was issued in January 2012.

Proposed changes to the rules on Stamp Duty Land Tax (SDLT) Disclosure of Tax Avoidance Schemes HMRC has published draft legislation setting out two separate amendments to the SDLT Regulations. The changes involve the removal of the monetary limits for the disclosure of schemes and the requirement for promoters to disclose schemes marketed prior to 1 April 2010 if the schemes meet certain criteria.

Foreign income and gains business investment relief: publication of draft regulations HMRC has published a draft of the business investment relief regulations 2012 supported by a draft Explanatory Memorandum.

VAT relief on freight transport services performed wholly outside the EU HMRC has published draft legislation to be introduced in autumn 2012 to formalise VAT relief on freight transport services performed wholly outside the EU. An accompanying Tax Information and Impact Note has also been published. Comments on the draft legislation should be sent no later than 31 August 2012 to Peter Bennet.

VAT Relief for European Research Infrastructure Consortia HMRC has published draft legilslation to be introduced in autumn 2012 to provide VAT relief to a European Research Infrastructure Consortia (ERIC). An accompanying Tax Information and Impact Note is also published.

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Property Authorised Investment Funds
HMRC has published draft secondary legislation, as announced in December 2011, to simplify the process of converting an existing collective investment scheme to a Property Authorised Investor Fund with an associated dedicated feeder fund.

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Air Passenger Duty (APD): publication of draft legislation HMRC has published draft legislation on Air Passenger Duty (APD). An accompanying Explanatory Note and a Tax Information and Impact Note covering the new text on devolution have also been published.

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Lloyd's Equalisation Reserves draft tax regulations (PDF 46K) HM Revenue & Customs (HMRC) has published a draft of The Lloyd's Underwriters (Transitional Equalisation Reserves) (Tax) Regulations 2012, supported by a draft Explanatory Memorandum. These draft regulations are as announced 6 December 2011 in paragraph 2.37 of the Overview of Legislation in Draft.

Please note that these regulations do not take account of representations made during the recent consultation on the primary legislation published on 6 December 2011 which are still under consideration.The draft Regulations are open for consultation until 17 April 2012.

The relevant Tax Information Impact Note is available in the Overview of Legislation in Draft.

Download the Explanatory Memorandum (PDF 27K)

Read the Overview of Legislation in Draft (PDF 1.64MB)

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Rebated fuel: Private pleasure craft HM Revenue & Customs has published draft legislation limiting the use of red diesel for the propulsion of private pleasure craft to UK waters. An accompanying Explanatory Note and Tax Information and Impact Note have also been published.

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The Tax Credits (Miscellaneous Amendments) Regulations 2012 (PDF 50K) HMRC has published a draft of the Tax Credits (Miscellaneous Amendments) Regulations, supported by a draft Explanatory Memorandum (PDF 25K). These draft regulations amend several tax credits Statutory Instruments to implement the amendments to the tax credits scheme from 6 April 2012, announced in the emergency Budget 2010, the Spending Review 2010 and the Autumn Statement 2011. The draft regulations also contain a number of technical amendments.

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Controlled Foreign Companies Reform Consultation draft 31 January 2012 (PDF 710K) HMRC issued updated draft legislation on Controlled Foreign Companies (CFCs) on 31 January 2012, together with an update document including a guide to the changes in the latest draft.

Controlled Foreign Companies Update document 31 January 2012 (PDF 257K)

Controlled Foreign Companies consultation draft comparison between Dec 2011 and Jan 2012 (PDF 494K)

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Seed enterprise investment scheme: re-investment relief (Consultation Version) (PDF 221K) HMRC has published draft amendments and an Explanatory Note on Seed enterprise investment scheme: re-investment relief.

Draft Explanatory Note SEIS Reinvestment Relief (PDF 20K)

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Administration of VAT (Consultation version) (PDF 119K)

The Value Added Tax (Amendment) (No. X) Regulations 2012 (PDF 38K) HM Revenue & Customs has published draft amendments to the VAT Act 1994 and to VAT Regulations to enable businesses to make specific communications with HMRC via an electronic communications system, and to make specified provision in relation to a number of forms that are being removed. The accompanying Explanatory Note and Explanatory Memorandum have also been published:

Explanatory Memorandum to The Value Added Tax (Amendment) (No. X) Regulations 2012 2012 No. [Xxxx] (PDF 25K)

Explanatory Note: Value Added Tax - Administration of VAT (PDF 18K)

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The Machine Games Duty Regulations 2012 - draft Statutory Instrument (PDF 85K)

The Machine Games Duty Regulations 2012 (draft) - explanation of square brackets in the draft (PDF 15K) Comments on the draft are welcome and should be sent to Katherine Mansfield by 25 April 2012. Further information on MGD may be found on the Treasury website at Machine Games Duty Implementation (Opens new window).

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Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2012 (PDF 24K) and the Social Security (Contributions) (Re-rating) Order 2012 (PDF 25K)
HM Revenue & Customs has published draft regulations and an order setting out the National Insurance contributions rates, thresholds and limits for the 2012-13 tax year. The draft regulations and order are subject to approval by both Houses of Parliament. As well as the draft regulations an Explanatory Memorandum for each has been published with a Tax Information and Impact Note (PDF 39K).

Explanatory Memorandum to The Social Security (Contributions) (Limits and thresholds) (Amendment) Regulations 2012 (PDF 27K)

Explanatory Memorandum to The Social Security (Contributions) (re-rating) Order 2012 (PDF 25K)

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Change to tax code operated for share-based payments (PDF 46K) HM Revenue & Customs has published draft amendments to regulations relating to PAYE (Pay As You Earn) supported by a technical note relating to a tax code change for share-based payments made after cessation of employment which have not been included on Form P45. Please send comments to Pa Harris by 16 February 2012.

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Legislative changes to the tax rules for investment trusts Changes to legislation that modernise the tax rules for investment trusts - read the regulations and amendments to S1158 and S1159 Corporation Tax Act 2010 that come into force on 1 January 2012.

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Income Tax relief for Shared Lives Carers (PDF 53K) Draft amendments to the Statutory Instrument defining specified social care schemes in England, Wales, Scotland and Northern Ireland have been published for comment and consideration.

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The Finance Act 2010, Schedule 6, Part 2 (Commencement) Order 2012 (PDF 72K) Draft legislation is now published and external comments are invited. Comments should be sent to Charity Policy Tax Team by 20 January 2012.

The Finance Act 2010, Schedule 6, Part 1 (Further Consequential and Incidental Provision etc) Order 2012 (PDF 47K) Draft legislation is now published and external comments are invited. Comments should be sent to Charity Policy Tax Team by 20 January 2012.

Draft Explanatory Memorandum to The Finance Act 2010, Schedule 6, Part 1 (Further Consequential and Incidental Provision etc) Order 2012 (PDF 47K)

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The Hydrocarbon Oil and Biofuels (Road Fuel in Defined Areas) (Reliefs) Regulations 2011 HM Revenue & Customs has published draft legislation to introduce a Fuel Duty Relief Scheme for the Inner and Outer Hebrides, the Northern Isles, the Islands of the Clyde and the Isles of Scilly. An accompanying Tax Information and Impact Note has also been published.

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Improving the operation of PAYE: Collecting Real Time Information: technical note In readiness for the introduction of Real Time Information (RTI), HM Revenue & Customs has published a technical note for draft amendments to regulations relating to Pay As You Earn (PAYE), National Insurance contributions and Construction Industry Scheme and welcomes comments by 9 January 2012.

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Draft revised Postal Packets (Revenue and Customs) Regulations 2011 (PDF 42K) HM Revenue & Customs has published revised draft regulations that will replace the Postal Packets (Customs and Excise) Regulations 1986 and the Postal Packets (Revenue and Customs) Regulations 2007 with a single, simpler and shorter set of regulations. Comments should be sent to Anne Treadaway by 12 December 2012.

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The Investment Trust (Approved Company) (Tax) Regulations 2011 The final draft of the regulations have been published.

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Draft legislation for changes to the procedure for submitting Intrastat declarations (PDF 26K) HMRC have published draft legislation for external comment which brings forward the deadline for submitting Intrastat declarations to the 21st day of the month following the period to which the trade relates and makes the electronic submission of Intrastat declarations mandatory. Comments should be sent to HMRC no later than 23 December 2011.

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New late filing penalties for CIS returns from 6 Oct 2011 (PDF 19K) HM Revenue & Customs has published for external comment an order that will bring the new late filing penalty regime into effect for Construction Industry Scheme returns.

Tax Treaties Anti-avoidance - consultation withdrawn.

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Customs Civil Penalties Draft Legislation (PDF 92K) These draft regulations are now published and comments are invited by 31 August 2011.

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Inheritance Tax Excepted Estates Regulations - draft amendment HM Revenue & Customs have published a draft amendment to the Inheritance Tax Excepted Estates Regulations. They are inviting comments by 28 August 2011.

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Draft of The Data-Gathering Powers Regulatons 2011 and explanatory commentary (PDF 75K) These draft Regulations and explanatory commentary are now published for comment. Please send any comments to Powers Review by 30 September 2011.

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Draft of The Excise Goods (Holding, Movement and Duty Point) (Amendment) Regulations 2011 (PDF 40K) These draft Regulations are now published for comment. Comments should be sent to Chris Mountford no later than 4 August 2011.

Draft Explanatory Memorandum to The Excise Goods (Holding, Movement and Duty Point) (Amendment) Regulations 2011 (PDF 32K)

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Draft Appointed Day Order making minor technical changes to new late filing and late payment penalty regimes (PDF 36K) Supplementary to the orders already published, HM Revenue & Customs (HMRC) has published a draft order for external comment which will bring into effect certain minor technical changes to the late filing and late payment penalty regimes for ITSA and Pension Scheme Returns in April 2011. Please address any comments to David Lewis.

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Draft Appointed Day Order for new late filing penalties for Pension Scheme Returns (PDF 22K) HM Revenue & Customs (HMRC) has published a draft order for external comment bringing into effect the new late filing penalties for Pension Schemes from 1 April 2011. Please address any comments to David Lewis.

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Draft Appointed Day Order for ITSA interest (PDF 47K) HMRC has published today a draft order for external comment bringing into effect the new harmonised interest rules for ITSA from 6 April 2011. Please address any comments to Don Morley.

Draft Appointed Day Order for ITSA late filing and late payment penalties (PDF 44K) HMRC has published a draft order for external comment bringing into effect the new late filing and late payment penalties for ITSA from 6 April 2011. Please address any comments to David Lewis.

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Draft Excise Commencement Order for changes made to excise legislation by the Finance (No. 3) Act 2010 (PDF 41K) The Finance (No. 3) Act 2010 updates excise legislation on time limits, record-keeping and information and inspection powers. The intention is to commence these changes on 1 April 2011. The draft commencement order has been published for comment by 23 February. Comments should be sent to

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Income Tax Relief for Shared Lives Carers (PDF 41K) The draft statutory instrument defining specified social care schemes in England, Wales, Scotland and Northern Ireland is now available for comment and consideration.

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Clarifications to the law in relation to late payment penalties for PAYE (PDF 19K) HM Revenue & Customs have published a draft order for external comment bringing into effect clarifications of the late payment penalty legislation for PAYE contained in Finance (No 2) Bill 2010.

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Pensions - Annual and Lifetime Allowances Changes to the annual allowance for tax relief on pensions.

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VAT: secondary legislation to implement the VAT Technical Directive, the VAT rate increase and other miscellaneous changes The government has published draft legislation which amends the Partial Exemption and Capital Goods Scheme regulations.

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Excepted estates regulations (PDF 35K) Consultation document on changes to the excepted estate regulations.

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Regional Employer NICs Holiday for New Businesses (PDF 139K) HM Revenue & Customs has now published a Technical Note, including draft clauses and draft Explanatory Notes, setting out how this scheme will operate. Guidance for new businesses, including an application form, will be published before the scheme starts on 6 September 2010.

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Finance Bill 2010 The Finance Bills published in 2010.

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Corporation Tax draft legislation Corporation Tax draft legislation and related explanatory notes, backgrounds notes, technical bulletins and Ministerial Statements.

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Applying late payment penalties to certain National Insurance contributions (PDF 24K) HMRC has today published for external comment a draft order applying late payment penalties to certain National Insurance Contributions.

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Appointed Day and Consequential Provisions (PDF 22K) Appoints 6 April 2010 as the day on which the penalty regime for failure to make payments of certain amounts of tax set out in Schedule 56 of the Finance Act 2009.

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©HMRC
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