Update: 18 January Further to the post last week alerting members to an issue with SA900 forms, HMRC has issued the following update: ‘In December 2017, we advised of an issue affecting a small number of SA900 forms filed electronically which resulted in some inaccurate calculations where there is a capital gain liability. The problem… Read More HMRC message regarding SA900 forms
As 2017 draws to a close, and with the final STEP Journal (Dec/Jan) having recently landed on your (or your office’s) doormat, this seems the perfect juncture take a quick look back on our member publications and bulletins this year. Above are the varied, colourful covers of this year’s ten STEP Journal issues, each of… Read More 2017: A brief editorial review
With the new year just round the corner, it seems time to reflect on what’s been happening at STEP in recent months. STEP’s global Branch Chairs’ Assembly took place in London late last month, and was extremely well-attended. Its main focus was to ensure members feel they have an effective voice in developing STEP’s membership… Read More What’s happening at STEP in England and Wales
The end of November saw STEP Special Interest Groups’ (SIGs’) annual day of conferences, the ‘Spotlight Sessions’, held at the Montcalm Hotel in London and attracting over 300 international delegates. The day started early with a breakfast-time Philanthropy Advisors SIG session. Outgoing chair Suzanne Reisman TEP welcomed attendees and contributed to a panel discussion, which… Read More STEP’s Special Interest Groups under the spotlight
After much debate and scrutiny, an EU blacklist of jurisdictions deemed not to be cooperative on tax matters has been agreed. The announcement came following a meeting of the EU’s Economic and Financial Affairs Council, attended by the finance ministers of each Member State. The list, officially called the Common EU List of Non-Cooperative Jurisdictions,… Read More EU tax haven blacklist confirmed
Three years ago, the UK government’s Autumn Statement 2014 announced a review of the Gift Aid donor benefit rules with the intention of simplifying them. Following a call for evidence, it launched a consultation on 18 February 2016 setting out a range of options. The responses helped develop specific proposals for reform, which were set… Read More The UK Budget and donor benefit rules for charities
STEP was pleased to attend the latest Today’s Thought Focus Roundtable, hosted by Today’s Wills & Probate on 15 November 2017. Prof Nick Hopkins and Spencer Clarke from the England & Wales Law Commission attended, and gave participants the opportunity to discuss its latest wills consultation. The consultation paper contains 14 chapters and 64 questions,… Read More STEP joins industry roundtable for Law Commission Q&A on wills
STEP has been invited to join an HMRC Working Group which will review the guidance on Gift Aid donor benefits. The Working Group will review the interpretation of the rules that apply to donor benefits within the HMRC guidance covered by Chapters 3.18 to 3.25. Objectives Representatives have been selected from the charity sector, HMRC… Read More Improving HMRC guidance on Gift Aid donor benefits
Update: 19 October HMRC has asked us to disseminate the following: ‘The new TRS is now available for agents to use. As part of this online process, agents will be taken through the steps to create an Agent Services account before they can register on behalf of trustees. Agents use the link from http://www.gov.uk/trusts-taxes/trustees-tax-responsibilities to… Read More Update: TRS now open to agents
Agents remain unable to access the Trust Registration Service (TRS) after technical errors were identified in the system, HMRC has confirmed. However, the deadline for completing the register of a trust for self-assessment and providing beneficial ownership information remains 5 December 2017. This news comes shortly after HMRC published its comprehensive guidance for the new… Read More Technical hitches remain for access to UK Trust Registration Service
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