HMRC have issued a number of general updates to their Corporate Intangibles Research & Development Manual – these seem to be mostly focussed on updating statutory references, but I’ve only had a quick glance through.
Still waiting for anything useful on the tax/innovation consultation and CFC/IP consultations …
It took HMRC 19 days to figure out that there was a problem and, three days later, they still don’t know how to deal with it. The problem is, of course, IT-related. In this case, the online self-assessment system for individuals is still merrily allowing people to opt to have underpaid tax recovered through their PAYE code rather than hand over a cheque to HMRC. This option was supposed to end on 30 December but the IT system at HMRC refuses to accept that and no-one’s figured out where in the code the off-switch for this option is.