Weekly tax update 31 July 2018

The latest tax and VAT round up for this week.

Tree 106005665
Geoff Everett, Andrew Wilkes
Published: 01 Aug 2018 Updated: 31 Jan 2023


  • Rise in number of judicial review applications
  • House of Commons Treasury Committee calls for pension and savings reform
  • Interest on late payment or repayment of tax

Private client

  • Significant number of non-doms have left the UK - latest HMRC statistics
  • CA reviews first invocation of tax-related penalty power of UT

Business tax

  • SC rejects compound interest claims in Prudential Assurance Company (PAC) case
  • Review of business life cycle – scoping document
  • Loans to a company that cannot repay them remain loan relationship loans

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.