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Good news this week for some who received High Income Child Benefit Charge late notification penalties. A new Agent update and our Virtual Tax Partner Toolkit 'TAMI' expands.

This Virtual Tax Partner © 'VtaxP' © tool checks Business Asset Disposal Relief conditions for the disposal of the whole or part of a business, or assets used by the business when it ceases.

HMRC have issued the Agent Update for June/July 2019. We have summarised the key content for you with links to our detailed guidance on the topics covered.

When is the date of disposal for Capital Gains Tax (CGT) purposes? When do special rules apply? Why does it matter?

HMRC have completed their review of cases where a failure to notify penalty was issued to taxpayers who did not register for the High Income Child Benefit Charge, repaying £1.8m in penalties.