Insights

Weekly Tax Update 2 July 2019

  • Written By: Ami Jack
  • Published: Thu, 04 Jul 2019 09:00 GMT

General

  • Tribunal overturns daily penalties that were ‘impossible’ to impose lawfully
  • FTT approves third party information notices for non-residents
  • UK tax gap increases slightly in 2017-18
  • HMRC publishes updates to manuals
  • Draft Finance Bill clauses to be published next week

Private client

  • FTT strikes out seven grounds of appeal for Hely Hutchinson
  • Taxpayer unable to resile from agreement
  • Kindertransport compensation payments not subject to IHT
  • Discovery assessment and penalties upheld
  • HMRC technical issues could mean larger January tax bills
  • Penalties cancelled for taxpayer who did not tell HMRC his address
  • HMRC to warn taxpayers over new 30 day filing deadline
  • HMRC sends incorrect information to taxpayers

Trusts, estates and IHT

  • Crown dependency registers of beneficial ownership to be made public

PAYE and employment

  • Consultation opens on Employment Allowance eligibility reforms

Business tax

  • UK appeals EC State Aid decision
  • Draft Structures and Buildings Allowance regulations laid before Parliament
  • CJEU rules on the transfer of losses in a cross-border merger

VAT

  • Guidance published on the domestic reverse charge for construction services

And finally

  • Dirty laundry

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