HMRC have published their Employer Bulletin for April 2016. We summarised key content for you, with links to our detailed guidance on the topics covered.
Director fails to secure EIS tax relief
In Nigel Bell v HMRC [2016] TC04969 a director failed to secure EIS relief: some shares were not issued in time. Another case where HMRC failed to make a valid discovery assessment.
Entrepreneurs' Relief denied
In Alan Castledine v HMRC [2016] TC04930 it was decided that deferred shares fell within the meaning of 'ordinary shares' for CGT Entrepreneurs’ Relief.
Panama Papers: HMRC
Following the media leak of some 11.5 million documents from Panamanian offshore service provider and law firm Mossack Fonseca, HM Revenue & Customs (HMRC) has responded to the story.
Distributions consultation: government responds
The government has published responses to its recent consultation on company distributions and made some minor amendments to new rules on distributions proposed in the Finance Bill 2016.
Budget 2016: at a glance
Budget 2016: summary of key new measures announced this week by the chancellor.
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