Weekly tax update 16 October 2018
The latest weekly tax update and VAT round up for this week
In this week's tax update:
General
- OTS report recommends overhaul of taxpayer guidance
Private client
- Non-resident CGT penalties cancelled for UK resident
- Thinktank recommends CGT relief for long term tenants
- Expenditure incurred by associated company not allowable for CGT purposes
Business tax
- CA upholds UT decision on tax avoidance scheme
VAT
- VAT is applicable to the full sales price of goods sold on credit terms
- VAT disallowed on the sale of land
Tax publications
- Briefing Notes published
And finally
- It depends how you see it
DISCLAIMER
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.
Disclaimer
This article was previously published on Smith & Williamson prior to the launch of Evelyn Partners.
