The Welsh Land Transaction Tax (LTT) received Royal Assent on 24 May 2017.
Partnership penalty: HMRC decision flawed
in Mrs R Rendall v HMRC [2013] TC6011 the FTT decided to quash £3,200 of late partnership filing penalties. HMRC had all the correct information and had given incorrect advice on filing: giving a penalty in such circumstances was clearly not the intention of the law.
New advisory fuel rates from June
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 June 2017.
Finance Bill 2017: Royal Assent
Finance (No 2) Bill 2017 received Royal Assent on 27 April 2017, becoming Finance Act 2017 and parliament was dissolved on 3 May 2017.
HMRC tackles football transfer fees
On Wednesday morning HMRC raided football clubs Newcastle United and West Ham United as part of an investigation into tax fraud. It is probably in connection with transfer fees.
Parliament cuts Finance Bill ahead of General Election
Parliament has decided to drop more than half of the Finance (No 2) 2017 Bill: there is unsufficient time to debate the full bill before June's General Election. It also made some amendments and added five new clauses to remaining bill.
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