Insights

Weekly Tax Update 16 July 2019

  • Written By: Ami Jack
  • Published: Wed, 17 Jul 2019 09:05 GMT

General

  • Draft clauses published for Finance Bill 2019-20
  • HMRC publishes the new Investment Funds Manual
  • Revenue Scotland loses appeal against daily penalties
  • Amendments to the General Anti-Abuse Rule (GAAR)
  • Consultation opens on Double Taxation Dispute Regulations

Private client

  • Scope of CGT relief widened on loans to traders
  • PRR - consultation response and draft legislation published
  • FTT opines on HMRC’s ‘Notice to File’ obligations
  • UK tax relief for losses on shares

Trusts, estates and IHT

  • Additions to and transfers between excluded property trusts

PAYE and employment

  • HMRC loses another Media IR 35 case
  • Off-payroll working legislation published
  • Government proposes temporary car benefit reductions
  • Simplifying the tax system for self-employed and landlords of residential property

Business tax

  • Late capital allowances claim is not late if an enquiry is opened
  • Draft legislation released for the Digital Services Tax
  • Report finds that high CT rates are harmful to economic growth
  • Draft legislation allows deferral of CT on EU group asset transfers
  • Proposal to make directors liable for tax avoided through insolvencies
  • Assessments invalid where notice is sent three years late
  • New rules for spreading accounting adjustments on leases

Tax publications and webinars

  • Webinars

And finally

  • Summer Reading

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