The Government is to legislate the second main tranche of ESCs
The Government issued a Consultation Document on 15 July 2009 to which the Tax Faculty responded in TAXREP 52/09.
The Government is now to enact all the ESCs listed below but it has decided to delay concession B47, the wear and tear of furniture in furnished lettings, as it believes more work is needed before a final legislative proposal can be made.
The Statutory Instrument containing the legislative changes is now available as well as one with an explanation of the changes and the process.
A61: Clergymen's heating and lighting etc expenses
A68: Payments out of a discretionary trust which are taxable as
employment income
B10: Income of contemplative communities or of their members
D26: Relief for exchanges of joint interests
D44: Rebasing and indexation: shares derived from larger holdings
held at 31 March 1982
D50: Treatment of compensation
Estimated Gift Aid donations by companies
Zero rating of nurses' prescriptions by pharmacists and GP dispensing (two
concessions)