Latest news


The risks to the UK Government’s tax take were explored in a recent joint Chartered Institute of Taxation (CIOT)/IFS lecture titled Mind the Gaps?

HMRC has indicated a change of view in its approach to the availability of TCGA 1992 section 162 relief where a ‘mixed partnership' (LLP) ie one including both individuals and a corporate member incorporates the partnership business into the existing corporate member. In correspondence with the CIOT in 2014, HMRC confirmed that, subject to all the other conditions being satisfied, they would accept that TCGA 1992 section 162 can apply to the individual members where an LLP transfers its business to the corporate member in exchange for shares in the corporate member.

On Wednesday 24th February 2016: 14:00 – 14:45, HMRC are talking about Debt Management and Banking Migration. This session is primarily aimed at agents that have clients abroad that pay by any means (BACS, CHAPS, or cheque/all payments). This will include a look at the background to migration (why, when, how, etc.), the successes, what it means to you and your clients and the ‘how to pay HMRC’ changes.

HMRC has published guidance on the Scottish Rate of Income Tax and Scottish Taxpayer Status.

CFE European Tax Report and Professional Law Report, August/September 2015 has been published and is available to download in Adobe (pdf) format.

AAG Response to the publication of the UK’s national risk assessment of money laundering and terrorist financing

The next in our very successful series of webinars for CIOT & ATT members will look at the changes to restrict finance cost relief for individual landlords.

HMRC have published their latest Agent Update.

HMRC warn of new phishing scam.