ARTICLE · 27 JANUARY 2016

Weekly Tax Update - 25 January 2016

Smith & Williamson

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Weekly Tax Update - 25 January 2016

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Smith & Williamson

1. General news

1.1 Revenue Scotland and LBTT

Revenue Scotland has created an area of its website covering updates to the land and buildings transaction tax (LBTT). The most recent postings cover further worked examples on leases (12 January 2016) and the relief for OEICs and alternative investment finance (8 November 2015).

www.revenue.scot/land-buildings-transaction-tax/lbtt-updates

1.2 Social investment tax relief: accreditation for SIB contractors

Government guidance and the application form for the accreditation scheme for Social Impact Bond(SIB) contractors eligible for Social Investment Tax Relief were updated in January 2016.

Changes to the Social Investment Tax Relief (Accreditation of Social Impact Contractors) Regulations 2014 simplify the accreditation process for social impact contractors with multiple contracts by eliminating the need for separate accreditation for each contract.

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