Insights

Weekly Tax Update 21 May 2019

  • Written By: Ami Jack
  • Published: Tue, 21 May 2019 14:13 GMT

General

  • Tax update and the Spring Bank Holiday

Private client

  • HMRC fails to demonstrate a discovery
  • HMRC comments on IHT on overseas property Q&As

Trusts, estates and IHT

  • IHT annual receipts increased by over 3% in 2018/19
  • HMRC publishes report on lifetime gifting

PAYE and employment

  • HMRC issues two Spotlights on tax avoidance schemes

Business tax

  • SDLT Manual to be updated following anti-avoidance case
  • Scottish UT rules on the effect of a procedural error on penalties
  • Office of Tax Simplification reports on tax for small businesses

VAT

  • FTT clarifies definitions in DIY Builders Scheme case
  • Storage company found to be making supplies of insurance

And finally

  • Clean cup, move down!

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Tax