Insights

Weekly tax update 10 July 2018

  • Written By: Geoff Everett, Andrew Wilkes
  • Published: Tue, 10 Jul 2018 11:31 GMT

General

  • Publication of Finance (No 3) Bill Clauses
  • Fake tax websites
  • Global revenue statistics database
  • Tax abuse and insolvency consultation closes
  • CIOT’s concerns over HMRC’s eagerness to litigate
  • New UK/Jersey, Guernsey and Isle of Man double taxation agreements

Private client

  • Seed Enterprise Investment Scheme
  • FTT finds property was not only or main residence
  • FTT finds that HMRC did not serve a valid notice to file

Trust, estates and IHT

  • Guidance on records to keep for trusts updated

PAYE and employment

  • PAYE reporting – extension of 3-day grace period.
  • Mutuality of obligations

VAT

  • Cross-border supplies
  • CJEU confirms that sale of credits to participate in online penny auctions is taxable
  • Letting a building to a subsidiary constitutes an ‘economic activity’

DISCLAIMER
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of publication.

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