Weekly Tax Update 4 June 2019

  • Written By: Ami Jack
  • Published: Wed, 05 Jun 2019 13:13 GMT


  • New Financial Secretary to the Treasury

Private client

  • FTT holds taxpayer to agreement despite reasonable excuse
  • HMRC comments on deemed domicile Q&As
  • FTT rules against the disclosure of Mutual Agreement Procedure documentation
  • Taxpayer loses High Court challenge to information notice issued by FTT
  • HMRC updates ordinary share capital guidance following judgments
  • Conversion of bonds did not wipe out capital gain
  • FTT confirms property was occupied as a residence for short period

PAYE and employment

  • Government confirms proposed early NIC payment on termination awards

Business tax

  • Penalties overturned for lack of HMRC evidence
  • New consultation on Offshore Receipts in respect of Intangible Property rules


  • EC launches new tool to combat VAT fraud
  • HMRC clarifies VAT treatment of forfeited deposits on aborted land transactions
  • CA upholds the decision that overpayments are subject to VAT

Tax publications and webinars

  • Briefing Notes published

And finally

  • Fun job

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