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Offshore disclosures; Switzerland; Child benefit; Corporate losses; RPI
Offshore disclosures
HMRC has updated its guidance on offshore disclosure facilities. This explains how to disclose and make payments for clients’ offshore investments and assets using the worldwide disclosure facility. See here.
Switzerland
The 2017 protocol to the UK-Switzerland double taxation convention has been published. This was signed on 30 November 2017 but will not come into force until parliamentary processes in both countries have been completed. See here.
Child benefit
HMRC has created a new tax adviser print-and-post form that can be used when a tax adviser is appointed to act on behalf of a client on high income child benefit charge issues. See here.
Corporate losses
The rules for relief on carried-forward losses changed from 1 April 2017. Under CTA 2010 Pt 5A losses that arise after 1 April 2017 and are...
