TIB - September 2012

Items of interest

• Instalment arrangements for provisional tax

Binding rulings

• Product ruling BR Prd 12/01: AA Smartfuel Programme
• Product ruling BR Prd 12/03: Newmont Mining Amenity Effect Programme

Legislation and determinations

• Determination CFC 2012/01: Non-attributing active insurance CFC status (TOWER Insurance Limited)
• Determination CFC 2012/02: Non-attributing active insurance CFC status (TOWER Insurance Limited)

Operational statements

• 2012 review of the Commissioner’s mileage rate for expenditure incurred for the business use of a motor vehicle

Legal decisions – case notes

• Rental property partnership a business
• Onus on taxpayer
• Statement of position response period
• Accrual rules – applied to reinsurance treaties
• Strike out declined