Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.
1 General
1.1 Tax implications of new UK-GAAP applicable for micro entities – FRS105
1.2 Finance (no.2) Bill 2017: ways and means resolutions
1.3 Two new HMRC Director Generals appointed
2 Private client
2.1 31 July deadline for self assessment returns - penalty
2.2 UK domicile position taking into account father's and grandfather's domiciles
3 Trust, estates and IHT
3.1I HT record tax take
4 PAYE and employment
4.1 Director's personal liability for unpaid NICs
5 Business tax
5.1 EU Parliament's latest proposal on harmonisation of corporate taxation systems
5.2 Insurance Linked Securities regulations
5.3 FTT dismisses company's appeal that HMRC need justification to open an enquiry
5.4 Company residence determined by the influence of its parent company
6 Tax publications
6.1 Use and enjoyment provisions for telecommunication services
6.2 Zero-rating for student accommodation
7 And finally
If you have any questions or feedback, please get in touch with your usual Smith & Williamson contact.
Download - Weekly Tax Update - 31 July 2017
We have taken care to ensure the accuracy of this publication, which is based on material in the public domain at the time of issue. However, the publication is written in general terms for information purposes only and in no way constitutes specific advice. You are strongly recommended to seek specific advice before taking any action in relation to the matters referred to in this publication. No responsibility can be taken for any errors contained in the publication or for any loss arising from action taken or refrained from on the basis of this publication or its contents. © Smith & Williamson Holdings Limited 2017
