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

1. General

  • Legislation of three extra statutory concessions
  • Updated HMRC guidance on the GAAR
  • Making Tax Digital

2. Private client

  • Tax issues facing individual partners in the 'Icebreaker' scheme
  • Setting aside the directors' decision to convert a loan into shares

3. Trust, estates and IHT

  • Probate fees

4. Business tax

  • Updated guidance on hybrid and other mismatches
  • HMRC guidance on venture capital schemes and permanent establishments
  • Draft HMRC guidance on corporate interest restriction
  • Interaction of corporate interest restriction rules with accounting standards
  • Recovery of overpaid SDRT
  • ATED valuation

5. VAT

  • Could a golf club access the sports VAT exemption?
  • VAT liability of the portion retained from rebates received
  • Supreme Court decision on partial exemption apportionment methods

6. And finally

Read this week's Tax update

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.