Weekly tax update 22 May 2018

The latest tax and VAT round up for this week.

Building Bank Of England 140000293
Geoff Everett, Andrew Wilkes
Published: 22 May 2018 Updated: 31 Jan 2023

In this week's tax update:


  • CIOT responds to extension of offshore time limits consultation

Private client

  • Entrepreneurs’ relief consultation
  • UT findings on ‘reasonable excuse’
  • Discovery assessment valid and activity not trading

PAYE and employment

  • EMI share options – State Aid approval given
  • Short term business visitors from overseas branches
  • FTT finds for the taxpayer in an IR35 case

Business tax

  • HMRC to appeal FTT decision in Hargreaves Lansdown case
  • FTT allows HMRC information request for a tax avoidance scheme
  • Review of intangible fixed asset (IFA) regime


  • Is ‘free’ wine in a meal deal really free?

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.