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TAXline: July 2019

In this issue, Tina Riches considers HMRC’s updated view on tax avoidance schemes, Anita Monteith considers what lies over the horizon for Making Tax Digital, Julie Butler looks at how to treat wayleaves and Sarah Bradford explores the tax treatment of travel expenses incurred by employees in a range of situations.

Cover story: Company distributions in a winding up
Tina Riches considers HMRC’s updated view on tax avoidance schemes

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

What happens now with Making Tax Digital?
Anita Monteith of the Tax Faculty considers what lies over the horizon for Making Tax Digital.

Registering for VAT as an intending trader
Neil Warren considers practical situations where a business might benefit from VAT registration before it makes its first sale.

How should you treat wayleaves?
Julie Butler looks at how to treat wayleaves – are they farm property income, trading income or capital sums?

Tax treatment of travel expenses
Sarah Bradford explores the tax treatment of travel expenses incurred by employees.

Exploring share loss relief
Lindsey Wicks goes into detail about a Supreme Court decision from 2019 concerning a claim for share loss relief. 

Avoiding Making Tax Digital for VAT penalties
Caroline Miskin provides advice on avoiding Making Tax Digital for VAT penalties, including what to do if things go wrong.

"July
In this issue, Anita Monteith considers what lies over the horizon for MTD and Julie Butler looks at how to treat wayleaves.

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