Weekly Tax Update 16 April 2019

General

• Tax Update and Easter
• HMRC’s Agent Update 71
• OECD opens consultation on tax morale

Private client

• Challenging the validity of Partner Payment Notices
• SC upholds CA decision on share loss relief claim
• HMRC has published guidance on the extended time limits for offshore matters
• FTT finds for the taxpayer in another NRCGT return penalty case
• FTT defines ordinary share capital for Entrepreneurs’ Relief
• One year left to claim full amount of backdated marriage allowance

Trusts, estates and IHT

• HMRC clarify interaction of reduced IHT rate and acceptance in lieu scheme

PAYE and employment

• Payments for footballer’s image rights found to be employment earnings
• Personal service company liable for NICs under IR35

Business tax

• CT registration and payment for corporate non-resident landlords
• Share option accounting debits deductible for corporation tax purposes
• FTT clarifies operation of Business Premises Renovation Allowance

VAT

• HMRC clarifies position on import VAT deductions

Tax publications and webinars

• Briefing Notes published

And finally 

• Skilled and Motivated Professionals 

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.