Committee stage of the European Union (Withdrawal) Bill took place in the House of Commons over eight days between 14 November and 20 December 2017.
The CIOT supports the ‘suspension’ model for late submission penalties under MTD, which would allow taxpayers a short extension period on a limited number of defaults before they incur a penalty.
A commercial judicial review concerning the diverted profits tax clarifies the High Court’s power to grant permission to appeal, writes Ben Amunwa.
Failed scheme and alleged negligence by tax advisers
The interest rate for late payments of income tax, NICs, CGT, SDLT, stamp duty, SDRT, VAT, APD, IPT, environmental taxes and customs duty, corporation tax pay-and-file and corporation tax self-assessment has been cut to 2.75% with effect from 23 August 2016.
HMRC has published six consultation documents on implementing its strategy for ‘making tax digital’.
The Court of Appeal has handed down its judgment in the Prudential case, in what is hoped to be one of the final steps of this long lasting action between taxpayers invested in cross border portfolio holdings and HMRC. Simon Whitehead and Philippe Freund (Joseph Hage Aaronson), who acted for the taxpayers, summarise the outcome of this judgment and explain why it has taken so long.
As part of a package of measures, the Ministry of Justice (MoJ) is proposing to introduce a split-fee structure for the Tax Chamber of the First-tier Tribunal or the Upper Tribunal (Tax and Chancery). Nick Skerrett (Simmons & Simmons) comments on what's proposed.