Tax Journal

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Recent developments in tax

HMRC is consulting on whether its civil information powers, contained in FA 2008 Sch 36, are still relevant and effective, and suggests several possible targeted improvements. No review of these powers has been carried out since 2007/08.

11 July 2018

The European Commission has notified its decision to approve the latest enterprise investment scheme (EIS) and venture capital trust (VCT) scheme amendments, aimed at encouraging long term investment in higher risk and knowledge intensive...

11 July 2018

The Department for Culture, Media and Sports (DCMS) has published draft regulations which amend references to ‘EEA’ in the tests used to assess whether films, TV programmes and video games are ‘culturally British’ for the purposes of corporation...

11 July 2018

The chancellor, Philip Hammond, made it clear that digital taxation comes before business rates in the government’s order of priorities, in his recent response to the chair of the Treasury committee.

11 July 2018

HMRC has published its considered response to concerns raised at the IR35 forum that the ‘check employment status for tax’ (CEST) online tool does not include mutuality of obligation among the factors to consider.

11 July 2018

The UK government has introduced eight major new taxes since 2008, accounting for nearly £28bn in revenue, HMRC’s statistics for the year ended 31 May 2018 reveal.

11 July 2018

The CIOT has published the notes of a meeting it attended with HMRC and the Stamp Taxes Practitioners Group in June, summarising HMRC’s view on aspects of the definition of ‘residential property’ for SDLT under FA 2003 s 116.

Issues...

11 July 2018

The European Commission VAT Committee has published its latest list of guidelines, updated to 2 July 2018.

11 July 2018

HMRC has launched 839 investigations into UK taxpayers holding their assets offshore in just a year, according to figures seen by Pinsent Masons.

11 July 2018

HMRC has published the following:

11 July 2018

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