As announced at Autumn Budget 2017, the government is consulting on options for introducing tax registration checks into some licensing processes administered by public-sector bodies.
The government has published the Penalties for Enablers of Defeated Tax Avoidance (Legally Privileged Communications Declarations) Regulations, SI 2017/1245, setting out the form and content of a declaration by a lawyer that information needed to establish that a person is not liable to an enable
HMRC has published the following:
Tax Journal commentaries on the UK's 'deeply political tax'.
Discovery assessments; knowledge of the hypothetical officer
Assessment valid under TMA 1970 s 114
Slower growth in the economy and in productivity means a poorer outlook for tax receipts, as a detailed examination of the new official forecast by David Smith reveals.
Simon Kerry (Hardwicke) examines a recent case on negligent tax advice concerning a tax avoidance scheme.
The US House of Representatives voted in favour of its tax reform Bill, the ‘Tax Cuts and Jobs Act’, on 16 November. The Bill proposes reducing federal corporate income tax to 20% from 2018 and repealing the corporate alternative minimum tax from the same date.
HMRC has published revised advisory fuel rates for company cars, applying from 1 December 2017. The rates are to be used only where employers either reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel.