The Government have published a call for evidence on proposals for ‘A register of beneficial owners of overseas companies and other legal entities’.
SME Tax News
HMRC have published a response to their consultation ‘Double Taxation Treaty Passport scheme review’.
HMRC have published responses to their consultations ‘Tackling the hidden economy: Sanctions’ and ‘Tackling the hidden economy: Conditionality’.
HMRC's consultation, ‘Making Tax Digital sanctions for late submission and late payment' closed on 11 June 2017. Responses are anticipated shortly.
In Desmond Higgins v HMRC [2017] TC 05724 the period of ownership of an off-plan apartment was found to have started for PRR purposes only once the property was complete.
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This time we feature a couple of closure notice cases that also manage to link to some of our recent updates on domicile, tax relief on interest and partnership tax, as well as some of the more complex anti-avoidance rules.
In Stuart Gulliver v HMRC [2017] TC05712 an application for closure notice in order to block a sch 36 information notice failed. The fact that HMRC had agreed a taxpayer's change of domicile in the past did not mean that they could not revisit the issue in a later year and ask more questions.
In HMRC v Execs of Mr Jeffrey Leadley [2017] UKUT 0111 the Upper Tribunal (UT) overturned the original decision of the First-Tier Tribunal (FTT) and found that Executors were not entitled to make a negligible value claim.