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TAXline: March 2018

In this issue: Gary Rowson looks at the alarming increase in deliberate penalties from HMRC, Jane Moore considers the government’s plan to extend the assessment time limits for offshore non-compliance and Lynnette Bober and Andrew Cockman detail two practical points on entrepreneurs’ relief that have been discussed with HMRC.

Cover story: Defending deliberate HMRC penalties
Tax director Gary Rowson looks at the alarming increase in deliberate penalties from HMRC and suggests ways to help defend clients, including examples of recent case law, the meaning of ‘deliberate’ and burden of proof.

Our cover story is freely available. To access the features below and more exclusive content join the Tax Faculty.

Time limits for offshore non-compliance
Jane Moore considers the government’s plan to extend the assessment time limits for offshore non-compliance, detailing the key points to note and the reasons for the change.

Entrepreneurs’ relief: two practical points
Lynnette Bober and Andrew Cockman detail two practical points on entrepreneurs’ relief that have been discussed with HMRC. ICAEW has been given permission to make HMRC’s position public.

Reviewing inheritance tax
Sue Moore looks at what the Office of Tax Simplification should consider as it embarks on a review of inheritance tax.

Making Tax Digital for VAT
With draft legislation on MTD for VAT and a pilot due to start in April, Caroline Miskin has an update for members.

Scottish tax changes for 2018/19
Joanne Walker looks at the income tax aspects of the Scottish Budget for 2018/19, and what they mean for Scottish taxpayers, including the effect on tax rates and liabilities, interactions with the UK tax system and PAYE.

"In
March 2018 issue of Taxline:

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  Practical points Topic
040 HMRC performance figures for the last quarter of 2017 Agents and HMRC
041 How is HMRC performing in 2018? Agents and HMRC
042 Self assessment penalties for 2016/17 Personal tax
043 Business investment relief relaxations  Personal tax
044 Payment of son’s ‘wages’ not deductible Business tax
045 Government responds to the Taylor review PAYE and employers
046 National minimum wage: get it right! PAYE and employers
047
QCBs and foreign currency CGT
048 BATR rates not available through lack of employment CGT
049 VAT on crowdfunding VAT
050 Mixed supply case one: admission fees VAT
051 Mixed supply case two: club membership VAT
052 VAT treatment of affiliation fees for sports clubs VAT

053

Advanced Learner Loans VAT
054 New Customs Declaration Service starts in 2018 Customs and other duties
055 Compliance checks into large businesses will look to the internet
Compliance and HMRC powers
056 Gig economy clampdown pushes up HMRC payroll tax take
Compliance and HMRC powers
057 Unexplained wealth orders
Compliance and HMRC powers
058 Welsh taxes go live in April
Devolution of taxes
059 Contingency planning for Brexit: a checklist
Brexit
060 Customs and VAT implications of the UK leaving the EU
Brexit

Correction to point 38 in TAXline February 2018
We apologise that there was an error in the table of non-residential Welsh Land Transaction Tax (LTT) rates in point 38 last month. The top rate is 6%, applying to the portion over £1m. There will not be two higher rate bands.

Full details of the LTT rates are at tinyurl.com/TX-LTT
 

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