13 December 2017

Weekly Tax Update - 12 December 2017

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

This weeks highlights:

1 General

1.1 Government consultations published

1.2 New Budget and consultation timetables

1.3 Spring Statement 2018 date announced

1.4 Co-ownership authorised contractual schemes and offshore transparent funds

1.5 EU has published tax havens blacklist

1.6 Welsh tax changes

1.7 Updated HMRC DOTAS guidance

1.8 Action against profit-shifting in the digital economy

1.9 Country-by-country reporting

1.10 Scope of appeal limited to matters specifically covered in closure notice

1.11 Claim for overpayment of tax – no appeals under common law

2 Trust, estates and IHT

2.1 Trusts Registration Service (TRS)

3 PAYE and employment

3.1 Possible consultation on PAYE changes for short visits to the UK

4 Business tax

4.1 Changes to HMRC's timetable for processing R&D claims

4.2 CT loss relief – draft guidance on commencement provisions

4.3 Purposive construction agreed in capital allowances case

4.4 Peer review reports on exchange of information on tax rulings


5.1 Fund management services provided by non-insurers are taxable

5.2 Construction services and zero rated relief

5.3 Fraud on provision of labour in the construction sector

6 And finally

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.

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