Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

1 General

1.1 Budget ideas

2 Private client

2.1 Late filing successful appeal

3 Trust, estates and IHT

3.1 Dynamic coding

3.2 Disguised remuneration settlement offer

4 PAYE and employment

4.1 Dynamic coding

4.2 Disguised remuneration settlement offer

5 Business tax

5.1 Chancellor responds to OTS papers on CT simplification and reform of stamp duty

5.2 ICAEW comments on HMRC's 'Phoenix TAAR' guidance

6 VAT

6.1 HMRC loses UT appeal regarding changes in consideration for participation in bingo

6.2 Tesco Clubcard loyalty scheme

6.3 Exempt financial services supplied via computerised platform

7 And finally

If you have any questions or feedback, please get in touch with your usual Smith & Williamson contact.

Read this week's Tax update

We have taken care to ensure the accuracy of this publication, which is based on material in the public domain at the time of issue. However, the publication is written in general terms for information purposes only and in no way constitutes specific advice. You are strongly recommended to seek specific advice before taking any action in relation to the matters referred to in this publication. No responsibility can be taken for any errors contained in the publication or for any loss arising from action taken or refrained from on the basis of this publication or its contents. © Smith & Williamson Holdings Limited 2017.