ARTICLE · 19 JULY 2017

Weekly Tax Update - 17 July 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

Finance Bill (No.2) 2017 - draft legislation
Revised plans for Making Tax Digital
Repeal Bill laid before Parliament
HMRC office update
Financial Secretary to the Treasury speech at CIOT Parliamentary reception
Treasury Committee new chair
EC publishes report on taxation trends in the EU

2 Private client

Issue of Accelerated Payment Notices not an abuse of HMRC's power

3 Trust, estates and IHT

Trust registration – new online service
UT confirms sub-lease granted to sons was a gift with reservation of benefit for IHT
IHT Business property relief on let cottages denied

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