Weekly Tax Update – 23 May 2018

This weeks highlights:

1 General

1.1 CIOT responds to extension of offshore time limits consultation

2 Private client

2.1 Entrepreneurs' relief consultation

2.2 UT findings on 'reasonable excuse'

2.3 Discovery assessment valid and activity not trading

3 PAYE and employment

3.1 EMI share options – State Aid approval given

3.2 Short term business visitors from overseas branches

3.3 FTT finds for the taxpayer in an IR35 case

3.4 Off-payroll working – IR35

4 Business tax

4.1 HMRC to appeal FTT decision in Hargreaves Lansdown case

4.2 FTT allows HMRC information request for a tax avoidance scheme

4.3 Review of intangible fixed asset (IFA) regime

5. VAT