Weekly Tax Update 6 November 2018

The latest tax update and VAT round up this week

Accounting 641524333
Geoff Everett, Andrew Wilkes
Published: 07 Nov 2018 Updated: 31 Jan 2023

In this weeks update:


  • New consultations and outcomes published
  • Tax avoidance schemes: Accelerated Payment Notices

Private client

  • HMRC to review High Income Child Benefit Charge penalties

Trusts, estates and IHT

  • Claim for Business Relief for a livery business upheld
  • CA confirms sub-lease granted to sons was a gift with reservation of benefit for IHT

PAYE and employment

  • Extension of tax relief for self-funded training has been rejected
  • Anomaly in tax rules penalises low income earners

Business tax

  • Proposed royalties withholding tax amended following consultation
  • Consultation opens on draft SDLT legislation
  • Hybrid capital instruments technical note published

Tax publications and webinars

  • Briefing Notes published
  • Webinars

And finally

  • Tax doesn't have to be taxing

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.