The Headlines and Highlights of the 2016 Autumn Statement.
Autumn Statement speech 2016: live highlights
Highlights of the chancellor's Autumn Statement - live feed.
Money laundering: late registration penalty upheld
In Blackhorse Property Management Ltd v HMRC [2016] TC05449 the First Tier Tribunal (FTT) upheld but reduced a penalty for failing to register under the money laundering regulations.
OTS further review: alignment of income tax and NIC
The Office of Tax Simplification (OTS) has published “Closer alignment of income tax and national insurance: a further review” which sets out analysis and possible options for NIC reform.
Small company reforms: OTS say 'No' to lookthrough, 'Yes' to SEPA
In November 2016 the Office of Tax Simplification (OTS) published their final reports on small company tax reform, recommending that ‘Lookthrough taxation’ proposals be dropped but those for a new ‘Sole Enterprise with Protected Assets (SEPA)' trading vehicle be taken forward.
No tax avoidance schemes if you are a member of a professional body
From 1 March 2017, members of seven professional tax and accounting bodies will be prevented from promoting or creating tax avoidance schemes under a new code of Professional Conduct in Relation to Taxation.
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