This time we have a very handy new guide to Double Tax treaties and completing the Foreign pages of the Self Assessment return.

Following news that HMRC have been paying special attention to the Foreign pages, we thought that we would also look at some other areas where we know that taxpayers have difficulties, so look out for more new FAQ guides like this one over the coming weeks.

On the theme of difficult sections of tax returns we have updates on Entrepreneurs' Relief and Private Residence Relief (PRR). Unrepresented taxpayers in particular seem to have a lot of problems with PRR. It's hardly surprising given the complexity of the legislation. Why not re-write this particular section?

We have lots of useful year-end planning guides, and we also look at some of HMRC's latest consultations, revisit loss relief on restrictions for 'non-commercial' trades and note the Making Tax Digital pilot.

There is of course much more than that this week so scroll down.

There is growing disquiet amongst professionals, echoing that of the professional bodies, that we have legislation for Making VAT Digital before the results of the pilot are known. 

If you have any tax queries please do try out our Virtual Tax Partner support portal at www.VtaxP.co.uk.

Enjoy the guides and updates and the news is below. 

Back soon

Nichola Ross Martin FCA Tax Director


Your Virtual Tax Partner®: online PRACTICAL support for accountants & tax advisers BY accountants & tax advisers

Quick news (freeview)

Making Tax Digital: new pilot
Taxpayers and their agents may now sign up to a new pilot to file five returns a year. You can also ask to pay your tax more often.

Extending tax relief for self-funded training: a consultation
HMRC have published a new consultation, ‘Taxation of self-funded work-related training: Consultation on the extension of tax relief for training by employees and the self-employed’.

Financing growth: EIS knowledge-intensive fund consultation
HMRC have published another consultation related to Patient Capital, 'Financing growth in innovative firms: Enterprise Investment Scheme knowledge-intensive fund'.

Case Update (freeview)

Escape to the Villa
In Jonathan Beacon v HMRC [2018] TC6362 a NHS consultant’s claim for side-ways loss relief on the costs of running his Tuscan Villa as a business were allowed by the FTT. Whilst HMRC tried to argue that there was no business, it was shown that the letting business did operate commercially.

Editor's Choice (subscribers)  

Foreign and residency pages: FAQs
NEW: a guide on how to complete the foreign tax pages of the self-assessment return including  interpreting Tax Treaties v Statutory Residence Test (SRT) and advice on additional information disclosures

Year-end top 10 for OMBs (2017/18)
NEW: Last minute advice for clients? What should you focus on as the tax year end approaches?  What should you do before 5th April and what could you leave until later? Our top ten for OMB's can help you decide. 

Many (unhappy) returns: to-do list before/after 5 April 2018 
NEW: What tax returns and claims are due before the end of the tax year? This guide is a list of key deadlines for SMEs and their owners: to-do by 5 April 2018.

Tax Guides and Updates (subscribers) 

Entrepreneurs' Relief
UPDATE: HMRC has clarified a couple of important points on share disposals re. dates of resignation etc following the Moore case and for disposal of shares in a parent company.

Private Residence Relief
UPDATE: check the qualifying conditions are met if disposing of a main residence, its grounds or a property that was once in use as a dwelling house.

Discovery Assessments
UPDATE: When can HMRC make one? Can you challenge one? What are the conditions and time limits? How do these provisions interact with penalties and disclosure of errors?

Loan Stock: QCBs
UPDATE: for latest case law on foreign currency clauses and QCBs.

Buy to let: SDLT on partnership incorporation
UPDATE: partnership VAT registration is not necessarily sufficient to show that there is a partnership for direct tax or SDLT purposes.

Training and course fees
UPDATE: HMRC are consulting on extended the relief, but what are the current rules for training and retraining of employees.

Training and course fees (self-employed)
UPDATE: see our guide on training courses and tax deductions for the self-employed.

VAT (freeview)

VAT registration threshold: call for evidence
HMRC have issued 'VAT registration threshold: call for evidence' to explore whether the design of the VAT threshold should be changed.

Alternative methods of collecting VAT: a consultation
HMRC have published a new consultation, ‘Alternative method of VAT collection – split payment’, which looks at who is best placed in the online marketplace supply chain to account for VAT to HMRC, in order to combat VAT fraud.

Impact of VAT on Northern Ireland tourism: call for evidence
The government have published a call for evidence, ‘ VAT, Air Passenger Duty and Tourism in Northern Ireland’, which is seeking evidence on the impact of VAT and Air Passenger Duty (APD) on tourism in Northern Ireland.

Repayment supplement: HMRC error did not make enquiries unreasonable
In Global Foods Limited v HMRC [2017] UKFTT TC06020, the First-Tier Tribunal (FTT) concluded HMRC made reasonable enquiries for the purposes of the repayment supplement, despite that it later proved that those enquiries were based on incorrect law.

VAT (subscribers)

Flat rate scheme
UPDATE: how to account for the Flat Rate Scheme in Financial Statements.

VAT reclaims and unjust enrichment
UPDATE: when does the repayment supplement 'clock' start. 


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Nichola's SME Tax w-update 16 March 2018


  • Statutory Review: what is it and when can you get it?
  • ERS: annual deadlines, top tips and update
  • HMRC's Agent Update
  • More tax issues for a Premier League Club
  • Disguised Remuneration charge
  • Non-resident trusts
  • Valid VAT input tax claims
  • and much more..

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