ARTICLE · 23 FEBRUARY 2017

Weekly Tax Update - 20 February 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

1 General news

Land and Buildings Transaction Tax (LBTT) – Penalties for late returns

2 Private client

Changes to ISA regulations for after the death of the account holder

3 Trust, estates and IHT

Rectification of deeds of revocation and reappointment

4 PAYE and employment

HMRC employer bulletin
Removal of HMRC's online services for QROPS
Spotlights 35 and 36 on disguised remuneration schemes
Employment rights of an 'operative'
Changes to the apprenticeship levy funding system from May 2017

5 Business tax

Deemed loan relationship and the unallowable purpose test
HMRC support for mid-sized business
CT and exchange differences on a change in functional currency

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