Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.
In this week's tax update: Queen's Speech mentions Summer Finance Bill 2017, tax repayment position for carried back loss under enquiry, glazing salesman - self-employed or employed, Smith & Williamson wins a significant corporation tax case in the FTT.
1 General
- Queen's Speech mentions Summer Finance Bill 2017
- Timescale extended for disclosure under HMRC Worldwide Disclosure Facility
- Late application for enhanced protection
- Responses to Making Tax Digital sanctions consultation
- Updated guidance on tax avoidance schemes
- FATCA – renewal of foreign financial institution (FFI) agreement
2 Private client
- Deductibility of receiver's and legal fees
- Tax repayment position for carried back loss under enquiry
- Valid negligible value claim
- Criteria for filing tax return updated
- HMRC tax calculation summary notes updated
3 PAYE and employment
- Glazing salesman - self-employed or employed
- June Employer Bulletin
4 Business tax
- Smith & Williamson wins a significant corporation tax case in the FTT
- Mandatory public country-by-country reporting
- CJEU preliminary ruling on Belgian domestic legislation
- Indian Supreme Court ruling on Permanent Establishments
- Financial Transactions Tax plans to be published
- EC proposes new rules for intermediaries to tackle cross-border tax planning
5 And finally
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