Friday Round Up

A flurry of documents on HMRC's web site plus FRED 49.  Grouped thematically

• Accounting

FRED 49 on FRS 103 has been published see post of  25 July for a bit more on this.
https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/Exposure-Draft-of-Implementation-Guidance-to-accom.aspx

• Policyholder taxation; 

Change in time apportionment calculation for period individual is non  - resident and change in residence rules.
http://www.hmrc.gov.uk/news/tar-faqs.pdf

Guidance on the £3,600 limit for qualifying policies.
http://www.hmrc.gov.uk/news/life-ins-policy-faqs.pdf

New Reporting requirements
http://www.legislation.gov.uk/uksi/2013/1820/contents/made

• Rebates of management charges

A raft of changes so that fund managers are not required to deduct tax from annual payments made to non  - residents.  See post of 18th June for a bit more on this.
http://www.legislation.gov.uk/uksi/2013/1772/contents/made
http://www.legislation.gov.uk/uksi/2013/1770/regulation/2/made

• Pension Schemes 

 Four new statutory instruments on pension schemes
http://www.hmrc.gov.uk/news/si-pension-schemes.htm

Sundry

The birthplace of West Indian great George Headley has signed a double tax treaty with the UK (still to be ratified) that provides for 0% withholding for dividends paid to pension schemes.
http://www.hmrc.gov.uk/taxtreaties/signed/panama.pdf

New SI on exchange gains and losses, doesn't mean anything to me but may have some relevance.
http://www.legislation.gov.uk/uksi/2013/1843/contents/made