TAX POLICY ADMINISTRATION

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:

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...