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

In this week's tax update:

General

  • Digital currencies inquiry launched
  • HMRC update Code of Practice 8

PAYE and employment

  • HMRC formalises its agreements over the length of time an EMI valuation can last
  • New rules for termination payments – HMRC clarification

Business tax

  • New EU corporate tax plan approved in committee
  • Updated guidance on corporate interest restriction (CIR)
  • Research and development tax relief for SMEs
  • EU mulls new corporate tax plan for digital multinationals
  • Land Transaction Tax to be introduced in Wales

VAT

  • Interest payments for overpaid VAT must not be restricted

Download the newsletter

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 2018.