Issue: Vol 172, Issue 4415

The proposals for introducing the automatic exchange of information between UK sovereign tax havens and HMRC

A look at interesting figures about HMRC prosecutions

Continuing to cut through the Finance Bill committee debates

An accountancy practice is relocating and is selling its old business premises to a bank. The building is subject to a VAT option to tax and the bank has suggested that, before the exchange of...

...Offshore trust; Farm rental

A business is owned by a father and his two sons and operates from land owned equally by them and shown as a partnership asset. The father intends to retire, but wishes to keep his share of the land....

A father acquired an impressionist painting from his mother on her death about 12 years ago. The father’s own son will soon have his 50th birthday and the father wishes to gift the painting to him as...

A sole trader has recently purchased a car that will be eligible for 100% first-year allowances. This will be restricted by his 10% private use, but the private use element is likely to increase in...

...seizure; GAAR; Agent Update; pensions

A briefing paper on the single compliance process (SCP) has been published by HMRC for tax agents. The SCP provides a single framework that will be used for most future compliance checks on small and...

HMRC have published a consultation on tax-free childcare for working families and additional assistance with childcare for parents through universal credit. Under the scheme to be administered by the...

HMRC’s non-statutory business and non-business clearance systems have merged to become the other non-statutory clearance service. Agents are advised by the department to check before using the new...

Think carefully about the costs, advises Revenue

Claygold Property Ltd (TC2717)

Geoffrey Seefe t/a TPL Associates (TC2738)