TAXline July 2016
In this issue of the Tax Faculty's monthly magazine, Peter Allen examines the history and purpose of VAT, Ian Young looks at the role of the OECD Forum on Tax Administration and speaks to its chairman Edward Troup, and Lindsey Wicks looks at the history of the loans to participators tax regime and recent changes.
History and purpose of VAT
With the EU a subject on everyone’s mind, technical manager Peter Allen examines the history and purpose of VAT.
Tax Faculty Conference 2016
The second report on the 2016 one-day Tax Faculty conference – All change for tax in the life of a business
International collaboration between tax administrations
Ian Young looks at the role of the OECD Forum on Tax Administration and speaks to its chairman Edward Troup.
Latest changes to entrepreneurs relief
CIOT’s Kate Willis explains the changes to entrepreneurs’ relief in Finance Bill 2016.
Changes to loans to participators rules
The loans to participators tax regime has been evolving since 2013. Lindsey Wicks looks at the history of the rules and recent changes.
VAT: Transferring a partnership to a limited company
Neil Warren answers the question: what are the VAT implications for a sole trader or partnership deciding to trade as a limited company?
- Tax Faculty news
- Forthcoming events and webinars
- Latest webinars and TAXtalks
- Latest representations
- Open consultations
- Deadlines and dates
|115||HMRC agent services: update||Tax administration|
|116||HMRC tests new SA filing messages||Digital matters|
|117||Two-stage verification extended to IHT||Digital matters|
|118||Fixed and individual protections 2016||Personal tax|
|119||SEIS investments||Business tax|
|120||Guide to new UK GAAP for the smallest entities||Business tax|
|121||FRS 105 to include LLPs and partnerships||Business tax|
|122||Senior accounting officer regime: updated guidance||Business tax|
|123||Power to disqualify persons from being charitable trustees||Business tax|
|124||RTI penalties: three-day late filing easement to continue||Employment tax|
|125||Attacks on testamentary freedom||Personal tax|
|126||Rectifying mistakes||Personal tax|
|127||Default surcharge and shortage of funds||VAT and duties|
|128||HMRC’s use of best judgement||VAT and duties|
|129||Backdating VAT registration||VAT and duties|
|130||Error in an enquiry notice||Compliance and HMRC powers|