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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.

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.

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.

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March 2018 issue of Taxline:

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