Specialist Tax Regulatory Materials
HMRC has published a policy paper detailing how the government intends to use the powers in the National Insurance Contributions Bill 2021.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Exporting goods 鈥� proof of exportIn addition to the requirements laid down in the Exporting goods 鈥� overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence
Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a 鈥榮pecial rate pool鈥�. Expenditure to be allocated to the special rate pool
Double tax reliefWhen income arises in a foreign country to a UK resident company and that income is taxable in that foreign country, the UK may give the company relief for the foreign tax by crediting the foreign tax against the UK tax charged on that income. This might include withholding tax on
