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

In this week's tax update:


  • Digital currencies inquiry launched
  • HMRC update Code of Practice 8

PAYE and employment

  • HMRC formalises its agreements over the length of time an EMI valuation can last
  • New rules for termination payments – HMRC clarification

Business tax

  • New EU corporate tax plan approved in committee
  • Updated guidance on corporate interest restriction (CIR)
  • Research and development tax relief for SMEs
  • EU mulls new corporate tax plan for digital multinationals
  • Land Transaction Tax to be introduced in Wales


  • Interest payments for overpaid VAT must not be restricted

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