If new proposals are implemented, we can expect an increase in the number of third party information notices issued by HMRC.
An issue of the DPT charging provisions is to be fixed retrospectively.
Regulations enable HMRC to collect and publish information about EMI share options as part of the EU’s state aid requirements. It is likely that only a small number of companies will be affected.
A new shared occupancy requirement condition is to be added to rent-a-room relief from 6 April 2019.
Draft Finance Bill 2019 rules will enable certain non-corporate entities to join VAT groups. But there are limitations.
HMRC has launched another way for the technically minded to access information – by asking Alexa. Is this a helpful addition to HMRC’s information toolkit, or just a gimmick?
A recent tribunal case illustrates the circularity in the operation of the anti-avoidance in Sch 10 which restricts the option to tax a property. The rules should be abolished.
The Scottish Fiscal Commission releases its second report.
From 2019, HMRC will have 12 years to raise assessments on offshore matters, even if the taxpayer has made an innocent error. This will catch years back to 2013/14 where the taxpayer has been careless, or 2015/16 where the taxpayer made a mistake despite taking reasonable care.
Entrepreneurs’ relief is meant to encourage the owners of successful companies. But owners who raise extra funds to grow their businesses can find that doing so means that they lose their entitlement to relief. The draft bill includes measure to alleviate this problem, but they only come into effect on 6 April next year so business owners need to take great care in the timing of any new fundraising.