TAX POLICY ADMINISTRATION

In D Sinclair v HMRC [2018] UKFTT 740 (17 December 2018), the FTT found that Mr Sinclair had not created a bare trust for the benefit of a claimant who was seeking damages from him, so that post-cessation trade relief (PCTR) under ITA 2007 s 96 was...

In J Huntley v HMRC [2018] UKFTT 760 (20 December 2018), the FTT found that the filing of self-assessment returns cannot displace discovery assessments. Mr Huntley ran a shop but he did not file tax returns for several years. HMRC eventually caught...

The EU Parliament’s economic and monetary affairs (ECON) committee has presented its report with recommendations for a number of amendments to the Commission’s proposal for taxing businesses on the basis of a ‘significant digital presence’.

The government has concluded that limited partnerships (LPs) continue to fulfil important functions in key sectors of the economy, while confirming it will introduce changes to limit their potential misuse.

The government has confirmed that delayed introduction of the NICs bill means employer NICs on payments above £30,000 will not now apply until 6 April 2020.

The Income Tax (Pay As You Earn) (Amendment No 2) Regulations, 2018/1327, make consequential amendments to the PAYE regulations to provide for the new Welsh rate of income tax from April 2019. These amending regulations come into force on 1 January 2019.

The public bill committee concluded its consideration of the Bill on 11 December (ninth sitting). The following clauses were agreed without amendment:

HMRC has published the following: