19 January 2018

Tax Guidance for Build UK members – January 2018

As Build UK members you can access the Joint Tax Committee’s (JTC) news letter which includes monthly updates on tax guidance news.

Members often register the difficulties they face in complying with changes to taxation rules and regulations, and can now access the JTC newsletter which is publicised monthly on Newsline and includes guidance on challenging issues and direct responses to taxation queries.

The January edition includes the following:

  • The Government will respond to the forecast from the Office for Budget Responsibility (OBR), will be held on Tuesday 13 March 2018
  • There are plans put in placed to require businesses making annual profits of £20 million or more to be able to pay for their Corporation Tax instalments four months earlier, however this has been delayed until April 2019.
  • HMRC has gone forward to help protect Corporation Tax Unique Tax Reference numbers within emails by masking the first 5 numerals.

To read the full article please click here. If you have a query relating to any of the items in the article, please contact Liz Bridge.