In June 2017 HMRC will launch a compulsory online Trusts Registration Service for all trusts with UK tax liabilities and complex estates.
SME Tax News
Finance (No 2) Bill 2017 received Royal Assent on 27 April 2017, becoming Finance Act 2017 and parliament was dissolved on 3 May 2017.
A round-up of the latest developments in tax for private clients, covering Income Tax, Capital Gains Tax (CGT) and Inheritance Tax (IHT).
HMRC have published a consultation ‘Fraud on provision of labour in the construction sector: consultation on VAT and other policy options’.
HMRC have issued their Agent Update for April / May 2017: we have summarised the key content for you with links to our detailed guidance on the topics covered.
From 2 May HMRC will no longer provide agents with information on their clients’ pay, tax and employment history over the phone.
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.
The Information Commissioner (ICO) has fined a North West financier £40,000 for sending out thousands of unsolicited marketing texts promoting loans.
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.
Just after scrapping over half of the original Finance (No 2) 2017 Bill, parliament introduced five new clauses into Finance (No 2) Bill as follows: