TAX POLICY ADMINISTRATION

Gift with reservation of benefit

Claim for judicial review of APNs

Martin Shah Hatice Ismail Gary Barnett

Hatice Ismail, Martin Shah and Gary Barnett (Simmons & Simmons) review the EC’s proposal for a directive to impose mandatory reporting obligations on intermediaries and taxpayers involved in certain cross-border tax planning arrangements.

Matthew Emms

Matthew Emms (BDO) considers the benefits of selling your company to an EOT and highlights some of the practical points to consider.

David Smith Economics expert

The pendulum appears to have swung against austerity, both in public opinion and among elements in the Tory party. This could mean higher taxes, as David Smith reports.

Gideon Sanitt

In Pitcher, the tribunal has considered HMRC’s entitlement to issue a penalty following non-payment of an accelerated payment notice. Gideon Sanitt (Macfarlanes) reviews the impact of that decision.

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.

Paul Morton

Paul Morton (Office of Tax Simplification) sets out the OTS’s ambitious plans for its continuing wide-ranging work, particularly looking at the ‘user experience’.

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692, came into force on 26 June, replacing the Money Laundering Regulations 2007.

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