Weekly Tax Update - 9 January 2018

1

General

1.1

OECD has published updated model tax convention

1.2

Penalties for enablers of defeated tax avoidance

1.3

Knighthood for Edward Troup

1.4

US tax reform

1.5

Potential new register of beneficial ownership of overseas legal entities

1.6

HMRC standard for agents

2    

Private client

2.1

Pre-population of data in self-assessment tax returns

2.2

FTT allows penalties for late filing of non-resident CGT returns

2.3

Barristers may rely on chambers accounting system and on a professional adviser

3

Trust, estates and IHT

3.1

Guidance on new IHT DOTAS hallmark

3.2

Notification exemption extended for trusts with minimal savings income

4

PAYE and employment

4.1

Disguised remuneration – postponing loan charge

5

Business tax

5.1

Corporate interest restriction guidance

5.2

EC has opened an investigation into IKEA's tax treatment in the Netherlands

5.3

Insurance-linked securities regime regulations made

5.4

CA has found that statutory interest is yearly interest

6

  VAT

6.1

Retail banks accepting deposits constitute the exempt business of banking services

6.2

PLN – Company officer's penalty overturned

6.3

MTD for VAT – latest proposals

7

And finally