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ARTICLE · 15 MARCH 2018

Weekly Tax Update - 14 March 2018

Smith & Williamson
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Proposals on intermediaries who promote aggressive cross-border tax schemes

United KingdomTax
Andrew Wilkes
Andrew Wilkes
Geoff Everett
Geoff Everett

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

This weeks highlights:

1  General

1.1  HMRC's refusal of LDF benefits to EBT applicants not an abuse of power

1.2 EC publishes report on 'aggressive tax planning' indicators

1.3  Proposals on intermediaries who promote aggressive cross-border tax schemes

1.4  First two unexplained wealth orders issued

2  Private client

2.1  HMRC publishes warning to owners of offshore assets

2.2  FTT finds reasonable excuse for late filed return

2.3  HMRC discovery assessment vacated following a COP9 investigation

2.4  FTT finds trading losses allowable deduction against general income

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