ARTICLE · 14 JUNE 2017

Weekly Tax Update - 12 June 2017

Smith & Williamson

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Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

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Smith & Williamson

Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

1 General

General Election and Ministerial Changes
HMRC changes

2 Private client

Market value of shares gifted to charity
Limitation Act defeats negligence claims on two tax schemes
Restrictions to private residence relief
Pensions Policy Institute briefing note
Form P85 – no tax refunds until after departure

3 Trust, estates and IHT

Trust returns and trust register

4 PAYE and employment

Earnings period for employer buy out of unfunded pensions promise

5 Business tax

Latest move to tackle profit shifting
Common Reporting Standard (CRS) deadlines

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