ARTICLE
28 March 2017

Weekly Tax Update - 27 March 2017

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

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

1 General news

  • Consultation response - changes to the SDLT filing and payment process
  • Finance Bill 2017
  • Making Tax Digital: sanctions for late submission and late payment

2 Private client

  • Main residence relief for a residence bought through an off-plan purchase
  • Non-domicile taxation

3 PAYE and employment

  • Deduction of NIC from certain payments to workers in the public sector
  • Foreign pensions regulations
  • IT PAYE regulations
  • Spotlight 37 – disguised remuneration loyalty points scheme
  • Taxation of employee expenses – call for evidence

4 Business tax

  • Changes to the regime for 45% corporation tax on restitution interest
  • Consultation response - partnership taxation: proposals to clarify tax treatment
  • Venture capital schemes – streamlining the advance assurance process
  • Consultation response - Double tax treaty passport scheme – review
  • Withholding tax exemption for debt traded on a multilateral trading facility
  • Non-resident companies chargeable to income tax and non-resident CGT

5 VAT

  • Fraud on provision of labour in the construction sector
  • Alternative method of VAT collection for online sales activity
  • Recovery of input VAT on supplies to a third party
  • VAT on workers supplied through an employment business

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.

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