1   General news

  • Treasury Committee report on Making Tax Digital
  • HMRC flood helpline

2    Private client

  • Main residence elections and timing of assessments

3   Trust, estates and IHT

  • Rectification of a trust deed
  • IHT and transfers of value to pension funds

4    PAYE and employment

  • Whether the value of cancelled options formed part of a termination settlement
  • Updated HMRC guidance on negative earnings
  • Whether drivers were workers or employees
  • Levies and charges on employing staff

5   Business tax

  • Non-CIV funds and entitlement to treaty benefits
  • Withdrawal of extra statutory concessions

6   VAT

  • Input VAT recovery on tax advisory invoice
  • Whether an amendment of a claim was a new claim or part of the existing claim
  • Withdrawal of extra statutory concessions
  • Entitlement to VAT refunds and VAT groups

7   And finally

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

Download - Weekly Tax Update - 16 January 2017

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.