13 April 2018

Weekly Tax Update - 11 April 2018

Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.
UK Tax
To print this article, all you need is to be registered or login on

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

In this week's tax update:


  • Growing challenges facing HMRC – response to PAC report
  • First virtual tax court case heard
  • Public register of beneficial ownership of foreign entities owning UK property
  • Treasury Committee launches three reviews into the tax system
  • GAAR and STAR
  • Making Tax Digital – Smith & Williamson briefing note

Private client

  • Funds in an oversubscription for shares not available for CGT loss relief
  • Penalty vacated for lack of evidence

Trust, estates and IHT

  • Trusts and estates newsletter
  • Hope value must be taken into account in IHT valuation
  • Rental payment is liability for business property relief
  • HMRC publish Disclosure of Tax Avoidance Schemes (DOTAS) IHT scheme guidance

PAYE and employment

  • HMRC issues warning on loss of EMI share schemes relief from 7 April 2018
  • GAAR Advisory Panel ruling on EFRBS tripartite structure

Business tax

  • Multilateral BEPS Convention
  • Attribution of profits to permanent establishments
  • Order to implement the BEPS Multilateral Convention in the UK


  • VAT recovery of input tax in relation to fund management charges

Download the PDF 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.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More