Beneficial loan arrangements - official rate of interest for 2015-16
16 February 2015
The Official Rate of interest, used to calculate the income tax charge on beneficial loans, has been announced for tax year 2015-16.
The new Official Rate of interest of 3% will take effect from 6 April 2015. This is subject to the necessary Treasury regulations coming into force.
You can view the tables of average and actual official rates on GOV.UK
Approved professional organisations and learned societies
24 February 2015
HMRC has updated the list of professional bodies and learned societies (also known as List 3) with tax-deductible fees for the purposes of Section 344 ITEPA 2003.
List 3 is updated periodically and includes all bodies approved by the Commissioners for HMRC up to 31 March 2014. It shows:
professional bodies and learned societies, approved by HM Revenue & Customs (HMRC) for the purposes of Section 344 ITEPA 2003 (formerly S201 ICTA 1988) details of statutory fees or contributions allowable for earlier years 2003-04 onwards are within S343 ITEPA 2003 (for earlier years S201(2) ICTA 1988).
Approved professional organisations and learned societies
1 April 2015
HMRC has updated the list of professional bodies and learned societies (also known as List 3) with tax-deductible fees for the purposes of Section 344 ITEPA 2003.
List 3 is updated periodically and includes all bodies approved by the Commissioners for HMRC up to 30 March 2015. It shows:
professional bodies and learned societies, approved by HM Revenue & Customs (HMRC) for the purposes of Section 344 ITEPA 2003 (formerly S201 ICTA 1988) details of statutory fees or contributions allowable for earlier years 2003-04 onwards are within S343 ITEPA 2003 (for earlier years S201(2) ICTA 1988).
The Office of Tax Simplification
CIPP and AAT joint response to the OTS employee benefits and expenses interim report
3 October 2013
The CIPP and AAT have submitted a joint formal response to the recently published ‘Review of employee benefits and expenses: interim report ’ by the OTS, which confirms both organisations support the OTS recommendations.
CIPP Policy News Journal
08/04/2015, Page 153 of 521
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