Hello
The US presidential election result 'trumped' all other news this week; it has certainly seemed like Brexit+++.
Hello
The US presidential election result 'trumped' all other news this week; it has certainly seemed like Brexit+++.
The OTS has published a progress report into its review “Simplification of the Corporation Tax Computation” along with a call for evidence.
In November 2016 the Office of Tax Simplification (OTS) published their final reports on small company tax reform, recommending that ‘Lookthrough taxation’ proposals be dropped but those for a new ‘Sole Enterprise with Protected Assets (SEPA)' trading vehicle be taken forward.
Hello
The seven main tax and accounting bodies have sent a rocket through the tax avoidance industry by introducing guidance to prevent their members from promoting or creating tax avoidance schemes.
In Sarah Baylis v HMRC [2016] TC 05454 the First Tier Tribunal (FTT) found that care home fees paid by a company were a benefit in kind for the patient's spouse rather than her daughter.
In Mr Remi Ashton v HMRC [2016] UKFTT TC05456 the First Tier Tribunal agreed that the taxpayer was an employee and not a partner of a partnership.
From 1 March 2017, members of seven professional tax and accounting bodies will be prevented from promoting or creating tax avoidance schemes under a new code of Professional Conduct in Relation to Taxation.
The High Court has ruled that the UK Government cannot trigger Article 50 to leave the EU without reference to Parliament.