ARTICLE · 17 MAY 2018

Weekly Tax Update - 16 May 2018

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

In this week's tax update:

General

Resolution Foundation issues far-reaching report
Enablers of tax avoidance
Tax avoidance schemes: Accelerated Payment Notices
HMRC updates non-statutory guidance clearance

Private client

Simple assessment and dynamic PAYE coding
CA finds that reasonable excuse cannot not apply to non-mandatory provisions

Trust, estates and IHT

Trusts Registration Service (TRS) – unregistered pension schemes
Trusts Registration Service (TRS) – IHT

PAYE and employment

Employment income or compensation?
Ex gratia payment partially exempt for injury to feelings

Business tax

Dealing in shares and financial instruments was trading with a view to a profit

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