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	Business Alert 5 December 2007

	Welcome to Moore Stephens’ Business Alert Service, designed to help you keep up-to-date with business and tax legislation. The service provides details of key changes, issues and opportunities, and includes suggested action and links to more information. To receive these Business Alerts automatically, email businessalerts@moorestephens.com. NEW IHT CLAIM FORM The transfer of unused nil rate band between spouses and civil partners is effected by a claim after the death of the second spouse or partner. Form IHT 216 is now available on which a claim is made. The form must be submitted within two years of the date of the second death. The new form includes explanatory notes on how to make a claim and what information must be provided to support a claim. There are also updated questions and answers on HMRC’s website explaining how the relief works in common and more complex situations. FLEXIBLE WORKING EXTENSION PLANNED A study has commenced on the implications of a planned increase in the rights of parents and other carers to request flexible working hours. The current legislation provides this right to carers of adults and children under the age of 6 or who are disabled. The plans are to extend the availability of this to parents of older children. If extended to all children up to the age of 17 this would bring flexible working rights to a further 4.5 million parents. The intention is to hold a public consultation in the Spring of 2008, once the feasibility study has been completed, and then once agreed to introduce legislation as soon as possible after that. The announcement was made at the same time as a study into flexible working was published, which shows that parents and employers all welcome the new rules, and consider that they benefit from them. We believe the information in this Business Alert to be correct at the time it was sent, but cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein.