Weekly Tax Update - 31 July 2017

Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

1 General

1.1 Tax implications of new UK-GAAP applicable for micro entities – FRS105

1.2 Finance (no.2) Bill 2017: ways and means resolutions

1.3 Two new HMRC Director Generals appointed

2 Private client

2.1 31 July deadline for self assessment returns - penalty

2.2 UK domicile position taking into account father's and grandfather's domiciles

3 Trust, estates and IHT

3.1I HT record tax take

4 PAYE and employment

4.1 Director's personal liability for unpaid NICs

5 Business tax

5.1 EU Parliament's latest proposal on harmonisation of corporate taxation systems