Weekly Tax Update 31 January 2018

This weeks highlights:

1 General

1.1 HMRC's updates to penalties regime

1.2 Treasury reported to have influenced HMRC's treatment of Amazon

2   Private client

2.1 Were corporate bonds with a provision for conversion into euros QCBs?

2.2 Business Asset Taper Relief rates not available through lack of employment

2.3 CA confirms HMRC's application to strike out appeals against closure notices

2.4 Payment of son's 'wages' not deductible

3 Trust, estates and IHT

3.1 Treasury comments on Trusts Register

4 PAYE and employment

4.1 UT agrees that the taxpayers were all managed service companies

5 Business tax

5.1 EU removes eight jurisdictions from tax havens blacklist