Weekly tax update 13 February 2018

The latest tax update and VAT round up for this week

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Geoff Everett, Andrew Wilkes
Published: 13 Feb 2018 Updated: 30 Jan 2023


  • Requirement to correct factsheet published
  • Issue of PPNs found to be lawful by the HC
  • New European Parliament special committee
  • EC launches new website on Brexit

Private client

  • New guidance on enveloped UK dwellings and related finance

PAYE and employment

  • Further extra-statutory concessions to be put on statutory basis
  • Simplifying the process of operating a PSA
  • ‘Good Work’ – a response to the Taylor Review of Modern Working Practices
  • Spotlight 32 updated

Business tax

  • CIOT and ICAEW respond to HMT Position Paper on CT and the Digital Economy


  • Input tax recovery and fraudulent transactions
  • The Tour Operator Margin Scheme (TOMS) must also apply to business customers
  • Input VAT on services to a company outside the EU or a UK Fixed Establishment?

And finally 

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.


This article was previously published on Smith & Williamson prior to the launch of Evelyn Partners.