Insights

Weekly Tax Update 12 February 2019

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Multiple Authors Article author separator 12 Feb 2019

The latest tax update and VAT round up for the week.

In this weeks update:


General

  • Royal Assent received for Finance Bill
  • Administrators were not promoters of a DOTAS Scheme
  • HMRC warns against phoenixism schemes
  • Tax avoidance schemes: Accelerated Payment Notices

Private client

  • Court of Appeal applies Ramsay Principles to defeat CGT scheme

Trusts, estates and IHT

  • Probate fee proposals approved by Commons committee

PAYE and employment

  • Settlement terms relaxed for disguised remuneration liabilities

Business tax

  • Capital allowances allowed on fixtures acquired in a single bargain
  • Accelerated relief for film expenditure denied

Tax publications and webinars

  • Briefing Notes published
  • Webinars

And finally

  • Circular reasoning

DISCLAIMER
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

This article was previously published on Smith & Williamson prior to the launch of Evelyn Partners. 

Insight Tax