TAX POLICY ADMINISTRATION

HMRC has published an ‘issue briefing’ reporting progress on consolidation of its offices into 13 regional centres and five specialist offices, first announced in 2015.

The Welsh government presented its final 2019/20 Budget to the Welsh Assembly on 18 December.

HMRC has published the following:

In Ball UK Holdings v HMRC [2018] UKUT 407 (10 December 2018), the UT upheld the FTT’s finding that the company had not changed its functional currency according to GAAP. Ball UK Holdings (Ball UK) is a UK intermediate holding company indirectly...

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.