HMRC is changing the way that it will be receiving Corporate interest Restriction Returns and is introducing 4 new Application Programming Interfaces (API)
Corporate Interest Restriction (CIR) applies to corporate entities and aims to restrict a group’s deductions for interest expense and other financing costs for Corporation Tax purposes
Agent Update 87 is available now and contains the latest articles, updates, help and support for the entire agent community.
The government published draft legislation to be included in Finance Bill 2021-22 today, alongside a number of consultation responses, consultations and various tax policy announcements.
Agent Update 86 is available now and contains the latest articles, updates, help and support for the entire agent community.
The Extended Loss Carry Back measure announced at Budget enables companies to make claims to carry back losses for a further two years than current rules allow. This temporary extension applies for losses arising in accounting periods ending between 1 April 2020 and 31 March 2022.
Agent Update 85 is available now and contains the latest articles, updates, help and support for the entire agent community.
HMRC’s work has been at the centre of the government’s response to COVID-19. Whether that’s by administering the support schemes, changing our operational approach or through more than 80 other policy changes.
Corporate Interest Restriction (CIR) legislation became effective from 1 April 2017 and applies to corporate entities. HMRC has developed an Application Programming Interface (API) for submitting Interest Restriction Returns (IRR) and for reporting company appointments and revocations. This will be available for use from June 2021.
Agent Update 84 is available now and contains the latest articles, updates, help and support for the entire agent community.
This week, we would like to talk about tax on offshore gains and income. We want to hear your views on how HMRC can tackle the tax gap on offshore income and gains. You can tell HMRC what you think by emailing consult.nosafehavens@hmrc.gov.uk at any point before 15th June.
