Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.
1 General
- General Election and Ministerial Changes
- HMRC changes
2 Private client
- Market value of shares gifted to charity
- Limitation Act defeats negligence claims on two tax schemes
- Restrictions to private residence relief
- Pensions Policy Institute briefing note
- Form P85 – no tax refunds until after departure
3 Trust, estates and IHT
- Trust returns and trust register
4 PAYE and employment
- Earnings period for employer buy out of unfunded pensions promise
5 Business tax
- Latest move to tackle profit shifting
- Common Reporting Standard (CRS) deadlines
- CRS avoidance disclosure facility prompts swift action in Hong Kong
6 VAT
- VAT repayment subject to corporation tax
- Advocate General (AG) reviews leasing agreement as a supply of goods
- VAT rate on provision of bill payment systems
7 And finally
If you have any questions or feedback, please get in touch with your usual Smith & Williamson contact.
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