TAX POLICY ADMINISTRATION

On 29 November and 4 December, the public bill committee (PBC) agreed a further group of clauses without amendment.

On 29 November (third and fourth sittings), the PBC agreed the following:

HMRC has published the following:

Our pick of this week's cases In The First De Sales Limited Partnership and others v HMRC [2018] UKUT 396 (27 November 2018), the UT found that an appeal relating to the implementation of a tax avoidance scheme should be struck out. Each of the...

In HMRC v Smith & Nephew Overseas and others [2018] UKUT 393 (29 November 2018), the UT found that exchange losses (FA 1996 s 84(1)(a)) were allowable. Following a change in its functional currency from sterling to US dollars, as the result of a...

In A Mackay v HMRC [2018] UKUT 378 (22 November 2018), the UT found that the taxpayer had been ordinarily resident for the purpose of ITEPA 2003 s 26. Mr Mackay was born and brought up in Australia. He married in the UK and lived there for five...

In G Clark v HMRC [2018] UKUT 397 (26 November 2018), the UT found that the taxpayer had made unauthorised payments out of a pension scheme (FA 2004 s 208). Mr Clark is a retired businessman, having retired from full-time work in 2000. His pension...

While the UK’s new digital services tax hogged the limelight in the recent Budget, much less attention was paid to the fact that the proposed extension of withholding tax on royalties paid to tax havens (announced at the previous Budget) was...