In this issue, Kevin Slevin explains the Finance Act 2016 anti-avoidance rules on liquidation distributions, ICAEW’s president Paul Aplin sets out his priorities for 2018, Andrew Parrock describes the new Office of Tax Simplification strategic review on HMRC’s guidance and Jane Moore looks at the latest Office of Tax Simplification report.
Cover story: Exploring the end of phoenixism
Kevin Slevin explains the Finance Act 2016 anti-avoidance rules on liquidation distributions – and how they can catch normal commercial arrangements.
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Paul Aplin on tax in 2018
ICAEW’s president Paul Aplin sets out his priorities for 2018, the challenges he’ll face and why he believes tax is crucial.
The Trust Registration Service – IHT and overseas assets
Lynnette Bober looks at a practical issue that the ICAEW Tax Faculty have clarified with HMRC – issues arising from Sch 10, Finance (No. 2) Act 2017.
Office of Tax Simplification review on HMRC’s guidance
Andrew Parrock describes the new Office of Tax Simplification strategic review on HMRC’s guidance.
The Office of Tax Simplification on simplifying tax on savings
Jane Moore looks at the latest Office of Tax Simplification report, Savings income: routes to simplification.
An update on the work of TaxAid and Tax Help for Older People
Julie Cameron gives an update on the work of the TaxAid, Tax Help for Older People and the Bridge the Gap campaign.
Probate valuations of property and the case of Palliser v HMRC
Julie Butler considers the decision in Palliser v HMRC and the implications for probate valuations of property.
|123||Feedback needed on iforms||Tax adminstration|
|124||Workers on secondment to the UK: send forms 64-8 or SA1 online||Tax adminstration|
|125||Availability of software for MTD||Making Tax Digital
|126||MTD for income tax pilot extended to property income||Making Tax Digital
|127||MTD: represented businesses will need to access their Business Tax Account||Making Tax Digital|
|128||2017/18 exclusions from SA online filing||Personal tax|
|129||Taxpayer wins IR35 case||Business tax|
|130||Availability of losses on acquisition of trade||Business tax|
|131||State aid approval confirmed for EMI share schemes||Business tax|
|132||Substantial shareholding exemption: defining ‘substantial’||Business tax|
|133||Company cars: advisory fuel rates||Employment tax|
|134||Collection of student loans||Employment tax|
|135||Class 2 NIC window of opportunity||Employment tax|
|MPs say universal credit does not work for the self-employed||VAT and duties|
|137||Incorporation relief and clearances||Property tax|
|138||Administrator’s responsibility for IHT liability
|139||VAT annual accounting scheme
||VAT and duties|
|140||Missing trader fraud: HMRC guidance
|141||Zero-rate treatment of new student flats
|142||HMRC’s agreement with online marketplaces
|143||Time limits for claims
|144||Disguised remuneration loan schemes: settlement opportunity deadlines
|145||LBTT group relief ‘fix’ not retrospective
|146||Country by country reporting to tax authorities
|147||New EU mandatory disclosure rules for cross-border arrangements