Policy News Journal - 2017-18

HMRC Talking Points meetings 11 January 2018

HMRC has a great variety of ‘Talking Points’ subjects coming up over the next few weeks which provide ongoing information, guidance and tips to help you to understand tax issues.

There are a limited number of spaces, so save your place now.

Business expenses for the self-employed This digital meeting has been designed to provide guidance on what is and isn’t classed as an allowable business expense, and will include motoring and premises costs.

Monday 15 January - 12.30pm to 1.30pm

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Capital Allowances and Vehicles This meeting mainly covers the special rules for cars.

Friday 12 January - 11am to midday Friday 12 January - 1pm to 2pm Wednesday 24 January - 11am to midday Wednesday 24 January - 1pm to 2pm

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Capital Gains Tax treatment of compensation Understanding the circumstances where compensation can be subject to capital gains tax and how the tax rules will apply.

Tuesday 16 January - 1pm to 2pm

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Basis periods - looking at commencement years, changes to accounting date and overlapping periods Focusing on basis periods, in particular, looking at the different rules that apply to commencement years, changing of accounting date and overlapping periods. We will also look at some pointers when dealing with a change from sole trader to partnership and vice versa.

Wednesday 17 January - 11am to midday Friday 2 February - 11am to midday

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Trade losses Looking at the different ways trade losses may be relieved.

Wednesday 17 January - 1pm to 2pm Friday 2 February - 1pm to 2pm

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Income from Property - minimising the risk for individuals This meeting will be dealing specifically with expenses and deductions, allowances and reliefs. Including repairs, the relief for the replacement of domestic items and the restrictions to income tax relief for finance costs.

Friday 19 January - 11am to 12.15pm Friday 19 January - 2pm to 3.15pm Wednesday 31 January - 11am to 12.15pm Wednesday 31 January - 2pm to 3.15pm

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The Requirement to Correct, and other offshore tax developments Find out how HMRC are planning to reduce offshore non-compliance and get taxpayers to disclose more information.

Tuesday 23 January - 1pm to 2pm

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Negligible Value Claims and Share Loss Relief Looking at certain conditions that must be met for your clients to claim that an asset has become of negligible value. Also an overview of share loss relief.

Thursday 25 January - midday to 1pm

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Policy News Journal

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