Insights
Weekly Tax Update 20 November 2018

The latest tax update and VAT round up for this week.
In this week's tax update:
General
- Consultation opens on amending tax returns
- House of Lords urges Chancellor to withdraw offshore time limit extension
- Outcome of consultation on tax abuse on insolvency published
Private client
- Late filing penalties dismissed due to legal loophole
PAYE and employment
- Pension scheme funds expatriated to Gibraltar found to be unauthorised payments
- CA rules on income from diving
- FTT allows late amalgamation of employments for NICs
Business tax
- Annual Investment Allowance increase could disadvantage some businesses
- Two claims for replacement of main residence rejected by the Scottish FTT
- Structures and Buildings Allowance technical note released
Tax publications and webinars
- Briefing Notes published
- Webinars
And finally
- A good deed in a naughty world
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.