Wendy Walton reviews the developments that matter, including the proposed statutory residence test, qualifying life insurance policies, French tax reforms, HMRC's tax return initiative, and changes in US gift tax law.
HMRC is seeking views on the impact of changing the tax credits appeals process to mirror planned changes to the appeals process at the Department for Work and Pensions.
HMRC’s ‘Tax Return Initiative’, aimed at taxpayers who have outstanding self assessment returns for 2009/10 or earlier, has prompted tax professionals to repeat calls for a general disclosure facility open to all taxpayers.
Steve Wade describes the latest proposals.
An employer wants to give shares to employees and allow them to defer payment. Karen Cooper looks at the tax issues.
The availability of entrepreneurs' relief and the timing of gains should be reviewed whenever there is a share reorganisation or a sale of shares in exchange for shares or loan notes in the acquiring company. Paula Tallon and Paul Howard set out the relevant considerations for advisers.
The CIOT has welcomed draft legislation introducing a statutory definition of residence for tax purposes. Budget 2012 announced that ‘ordinary residence’ would be abolished from 6 April 2013 but overseas workday relief would be retained and put it on a statutory footing.
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order, SI 2012/1506, sets out revised rates for 2012/13 for the automatic enrolment and re-enrolment earnings trigger and the qualifying earnings