Weekly Tax Update 5 February 2019

The latest tax update and VAT round up for the week

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Geoff Everett, Andrew Wilkes
Published: 06 Feb 2019 Updated: 27 Oct 2022

In this weeks update:


  • Spring Statement 2019 date confirmed
  • OECD puts forward options for a global digital taxation regime
  • Think tank calls for greater scrutiny of tax reliefs

Private client

  • Penalty reduced to nil in mis-sold interest rate hedging products case
  • Appeal dismissed on change of accounting date
  • Information notice can be sent to individual resident outside the UK

PAYE and employment

  • FTT reduces security payable by habitual tax defaulter

Business tax

  • Business profits recalculated by the FTT – Case 1
  • Business profits recalculated by the FTT – Case 2

Tax publications and webinars

  • Webinars

And finally

  • Customer service

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.