Collection: Tariff stop press notices

Updated: Tariff Stop Press Notice 13 (2018) has been added to the collection page.

Tariff stop press notices have the latest amendments to volume 2 of the printed version of the UK Trade Tariff and Customs Handling of Import and Export Freight (CHIEF).

The National Archive website has details of:

Source: HMRC

Guidance: Rates and allowances: monthly euro conversion rates for calculating customs duty

Updated: Monthly euro conversion rates for May 2017 have been added.

Use the conversion rates when consulting the Tariff and when the customs duty rates are expressed in euros.

This is different to the monthly exchange rates, which are used for converting the amounts associated with costs of importing to sterling, such as the item price or freight costs.

This covers the period from 2013 to 2017. For earlier years’ rates, please go to the National Archive.

Source: HMRC

Form: Pension schemes: registered pension schemes relief at source interim claims (APSS 105)

Updated: Form updated on how and when scheme administrators should tell HMRC about excess relief for individuals, and information added about contributions made by Scottish taxpayer members.

Use form APSS 105 if you’re a pension scheme administrator to:

  • make an interim claim for recovery of tax deducted by individuals
  • tell us about any excess relief that you’ve claimed

You must tell us about any excess relief and repay this to HM Revenue and Customs within 90 days from when you first discovered that you made an excessive claim for relief.

If you’re telling us about excess relief that you’ve claimed, you can use a template to give us details in accordance with Regulation 10(5) of The Registered Pension Schemes (Relief at Source) Regulations 2005 (Statutory Instrument 2005 No 3448).

If you’re filling in form APSS 105 for interim claims ending on or before 5 April 2018 you can include combined details of both UK and Scottish taxpayers in ‘Part 2’.

For interim claims from 6 April 2018, onwards you must fill in both ‘Part 2’ and ‘Part 3’.

Find detailed guidance regarding this form in chapter 4 of the Pensions Tax Manual.

APSS 106 – Registered pension schemes relief at source annual claims
Use form APSS 106 to make an annual claim for recovery of tax deducted by individuals.

Source: HMRC

Transparency data: Tax avoidance schemes: accelerated payments

Updated: September 2017 data added

Those who use a disclosed avoidance scheme on this list may be required to pay an upfront payment of tax called an accelerated payment.

HM Revenue & Customs (HMRC) gives an avoidance scheme a scheme reference number (SRN) when a promoter notifies HMRC of the scheme under the rules for disclosing a tax avoidance scheme (DOTAS). Users will need to make an accelerated payment of tax to HMRC on some DOTAS schemes while the scheme is under dispute with HMRC.

Users of those schemes with a reference number on the linked list above are those who may receive a notice to make an accelerated payment. For an Accelerated Payment notice to be issued for any specific scheme included on this list, the criteria in the legislation will need to be met.

HMRC began to phase in the issue of notices in August 2014 and will continue to do so over an approximate 20 month period. The list contains SRNs rather than scheme names as taxpayers will have used this to identify their use of an avoidance scheme when completing their Self Assessment return. Promoters of avoidance schemes are also not required to disclose scheme names to HMRC. The SRN is all the user will need in order to identify whether their scheme is on the list.

If you cannot remember your SRN, contact your agent or advisor, or HMRC on 03000 530435.

If you want to settle an avoidance issue now please call HMRC on 03000 530435. If you are a High Net Worth Unit or Large Business customer, please contact your Customer Relationship Manager.

If you have a query about the linked list of SRNs, please call HMRC on 03000 530435.

The accelerated payment regime was announced at Budget 2014, (Accelerated payments of tax for avoidance schemes) and has been brought into law in Finance Act 2014, Part 4. It’s been introduced to tackle the very small minority of taxpayers who use tax avoidance schemes.

Find out more about how HMRC deals with Tax Avoidance on HMRC’s Tax Avoidance pages.

If you are worried that you may be involved in tax avoidance but don’t appear to have an SRN, please read HMRC’s Tempted by Tax Avoidance pages. They give some common indicators for avoidance. HMRC also publishes Spotlights, a warning on current avoidance issues.

Guidance on the measures brought into law can be found here, .

Source: HMRC