Specialist Tax Regulatory Materials
HMRC has updated various pages of guidance on Making Tax Digital for Income Tax and published a new page.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Non-trading deficits on loan relationshipsOverview of non-trading deficits (NTDs)When a company鈥檚 debits on its non-trading loan relationships and derivative contracts in an accounting period exceed the credits on its non-trading loan relationships and derivative contracts in the same period (the
Self assessment 鈥� estimates and provisional figuresIf the taxpayer does not have sufficient information to enable them to complete the tax return in the time allowed, they should include either a best estimate or a provisional figure. The taxpayer should not either leave a box blank or enter
Exemption 鈥� insurance 鈥� overviewThis guidance note provides an overview of the VAT treatment of insurance products and should be read in conjunction with the Insurance 鈥� specific transactions and Exemption 鈥� insurance 鈥� brokers and agents guidance notes.Is insurance exempt from VAT?Supplies of
