Distributions in a winding up TAAR: new HMRC guidance
The TAAR, found in ITTOIA 2005 s396B, was introduced to prevent individuals converting what would otherwise be a dividen...
Technical
Technical
Financing Growth in Innovative Firms: HMT consultation
The CIOT is intending to respond to the HMT consultation: Financing growth in innovative firms, which is looking at the ...
OTS paper on disincorporation relief
Background to disincorporation relief Disincorporation relief was introduced by Finance Act 2013.
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HMRC guidance: issues with accuracy, access and timing
What are the issues? The role of guidance is crucial in communicating to self-assessing taxpayers what HMRC’s interpret...
Notice of Appeal: live online service
In June, the Ministry of Justice (MoJ) launched its online service for filing a Notice of Appeal for tax cases....
Making Tax Digital for Individuals: Dynamic Coding (PAYE Refresh)
As mentioned in recent Employer Bulletins HMRC will, from July, begin to use real time information (RTI) from employers ...
Taxation of employee expenses: ATT, CIOT and LITRG respond to call for evidence
The call for evidence on the taxation of employee expenses published in March 2017 by HM Treasury (HMT) has three main o...
Making Tax Digital: Sanctions for late submission and late payment
HMRC have been seeking input on the structure of late filing and late payment sanctions that would apply to individuals ...
BEPS Action 8: Transfer pricing in relation to Hard-to-Value Intangibles
In May the OECD published draft implementation guidance for consultation which is intended to assist with the implementa...
Queen’s Speech 2017
Finance Bills The programme will include three Finance Bills to implement Budget decisions.