Hello
This week we are featuring residency and domicile as we are fielding so many queries in these areas following the changes to non-domicile taxation and the new CGT regimes.
Hello
This week we are featuring residency and domicile as we are fielding so many queries in these areas following the changes to non-domicile taxation and the new CGT regimes.
HMRC have published the Summary of Responses to Extra Statutory Concessions – Eighth Technical Consultation on Draft Legislation, which addressed four extra-statutory concessions (ESC) and ran until 9 December 2017.
In Maersk Oil North Sea UK Limited and Maersk Oil UK Limited v HMRC [2018] TC06295, the First Tier Tax Tribunal (FTT) held that an allocation of profits within a period had simply to be made on a just and reasonable basis: the existence of a better method was not sufficient reason to displace it.
Andrew Griffiths , the Parliamentary Under Secretary of State for Business, Energy and Industrial Strategy (BEIS) has confirmed that the government will establish a public register of beneficial owners of non-UK entities that own or buy UK property, or which participate in UK Government procurement.
HMRC have agreed new fraud prevention measures with the tax bodies in order to verify a caller's ID when an HMRC employee contacts a tax agent.
Scottish Income Tax Rates for 2018-19 were announced during the Scottish Budget on 15 December 2017 but have already been increased.
In John Hicks v HMRC [2018] TC06301, the First Tier Tribunal (FTT) held that HMRC did not meet the criteria for a discovery assessment when they tried to restrict the use of losses carried forward from a year under enquiry.
In Alan Nicholson v HMRC [2018] TC06293, the tribunal disallowed a sole trader's payments made to and on behalf of his son as wages, whilst at university: the expenditure was not wholly and exclusively incurred