Inland Revenue[QQ] Now that the Contributions Agency and the Inland Revenue have merged, a review is to take place of the different legal powers available to the Revenue in respect of employer compliance. Detailed proposals are expected by December 1999. (Press release, 12 October.) New regulations have been laid to encourage and assist life insurance companies operating in the UK to sell policies abroad. (Press release, 18 October.) The 1999 volume of Revenue statistics is now available, including analyses of personal income and estimates of the distribution of personal wealth. (Press release, 13 October.) The Revenue's home page is www.inlandrevenue.gov.uk Customs & Excise Customs business brief 22/99 covers the topics of the VAT treatment of the personal administration of drugs by doctors. In the same business brief, Customs also clarifies its view on the VAT treatment of the transfer of own goods from the UK to another member state. (Customs business brief, 12 October.) Revenue and Customs press releases can be reached via www.nds.coi.gov.uk/coi/coipress.nsf The English ICA Tax Faculty The Tax Faculty has published two new technical releases. The first considers foreign exchange gains and losses (TAXREP 27/99) while the second release contains representations for the Budget (TAXREP 28/99). The Tax Faculty is the focus for tax within the English ICA. Copies of technical releases can be obtained by calling 01908 225122.
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