Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.
1 General news
- Consultation response - changes to the SDLT filing and payment process
- Finance Bill 2017
- Making Tax Digital: sanctions for late submission and late payment
2 Private client
- Main residence relief for a residence bought through an off-plan purchase
- Non-domicile taxation
3 PAYE and employment
- Deduction of NIC from certain payments to workers in the public sector
- Foreign pensions regulations
- IT PAYE regulations
- Spotlight 37 – disguised remuneration loyalty points scheme
- Taxation of employee expenses – call for evidence
4 Business tax
- Changes to the regime for 45% corporation tax on restitution interest
- Consultation response - partnership taxation: proposals to clarify tax treatment
- Venture capital schemes – streamlining the advance assurance process
- Consultation response - Double tax treaty passport scheme – review
- Withholding tax exemption for debt traded on a multilateral trading facility
- Non-resident companies chargeable to income tax and non-resident CGT
5 VAT
- Fraud on provision of labour in the construction sector
- Alternative method of VAT collection for online sales activity
- Recovery of input VAT on supplies to a third party
- VAT on workers supplied through an employment business
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
