TAX POLICY ADMINISTRATION

Information notices and territoriality

The Office of Tax Simplification (OTS) has published a discussion paper on the opportunities and challenges associated with the use of emerging technologies to achieve tax simplification.

The Investment Allowance and Cluster Area Allowance (Relevant Income: Tariff Receipts) Regulations, SI 2019/63, expand the definition of ‘relevant income’ eligible for the corporation tax supplementary charge investment and cluster area allowances to include tariff receipts, in addition to produc

HMRC has extended until 28 February the consultation deadline for its review of the government’s principles for taxing trusts.

HMRC has published draft guidance in appendices to the Capital Gains Manual on the extended non-resident capital gains rules from April 2019.

HMRC has added new spotlight 46 to the list of tax avoidance schemes it is investigating, concerning two recent GAAR advisory panel opinions on remunerating employees through contrived loan arrangements.

Second reading and the remaining House of Lords stages of the Finance Bill are scheduled for Monday 4 February.

The Lords version of the Bill received its first reading on 9 January and has been published. This now contains, in effect, the final text of Finance Act 2019.

HMRC has published the following:

Our pick of this week's cases   In W Resources plc v HMRC [2018] UKFTT 746 (18 December 2018), the FTT found that a parent company which had provided management services to two newly acquired subsidiaries, under the condition that they would not...

In J Charman v HMRC [2018] UKFTT 765 (20 December 2018), the FTT found that a founder’s fee of $2.5m, paid to the taxpayer in February 2013, was subject to UK tax on the basis that he was still resident in the UK at that date, even though he had...