HM Revenue and Customs has published, for external comment, a draft statutory instrument and tax information and impact note concerning Alcoholic Ingredients Relief.
They update the legislation relating to the Alcoholic Ingredients relief scheme to:
- remove the £250 minimum claim amount - there will no longer be a minimum value for claims
- extend the time period for making a claim - the new time limit will be submission of a claim within 3 years of any 3 month claim period
- remove the restriction that claims may only be made by wholesale manufacturers
It is currently proposed that these changes will come into effect on 1 February 2016. Any comments on these draft regulations should be sent by email to email@example.com by 2 November 2015.