ARTICLE · 25 JUNE 2018

Weekly Tax Update - 20 June 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

Draft legislation for Finance (No.3) Bill
HMRC director general appointment
G7 summit
CFE opinion statement
CIOT responds to Treasury sub-committee inquiry on tax avoidance and evasion
UK/Uzbekistan double tax treaty

Trust, estates and IHT

AAT responds to OTS call for evidence on IHT

PAYE and employment

SC agrees that operative was worker for employment purposes

Business tax

Exercise of HMRC discretion reviewed by SC
Project Blue - SC sees real world

VAT

AG suggests contract termination payments are taxable consideration for a supply
Negotiating discounts for third parties is a taxable supply

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