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TAX POLICY ADMINISTRATION


On 24 October, the Public Bill Committee completed its consideration of the Finance (No. 2) Bill 2017, agreeing the final group of provisions without amendment. The Bill, as amended, will now go to report stage in the House of Commons on a date to be announced.

HMRC has published the following:

Artificial transaction not a trade

Were assessments made on time?

Serious delay due to advisor’s inaction

The Finance Bill proposes a number of changes to the substantial shareholdings exemption. Sara Luder and Kyle O’Sullivan (Slaughter and May) investigate.
 
Andrew Goldstone and Katya Vagner (Mishcon de Reya) provide the monthly update on the latest tax developments affecting private clients.
 
Sam Mitha CBE interviews HMRC’s executive chairman, Edward Troup, on some of the key issues facing the department.
 

Damages treated as interest

Personal service company

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