PRIVATE CLIENT TAXES

HMRC has published new guidance on changes to how it processes enterprise investment schemes (EIS) advance assurance applications and EIS compliance statements for investments made on or after 6 April 2015 in companies that

Scrip dividends and the exit charge

Failure of a capital loss scheme

Andrew Goldstone and Sarah Albury (Mishcon de Reya) review the latest developments that matter in the private client arena, including: HMRC’s hat trick of wins in cases against schemes promoted by NT Advisors; a consultation on VCTs; Lobler and rectification for the partial surrender of insurance policies; online filing of IHT accounts from August; and Tager and punitive tax-related penalties

Capital gains on disposals of property

HMRC has published Revenue and Customs Brief 8/2015: Deducting VAT on pension fund management costs confirming that it will accept tripartite contracts between the supplier, scheme trustees and the employer as evidence to support an employer’s...

Discounts on stripped interest coupons

Mistake by the taxpayer; appeal allowed

The Treasury has published its proposed next steps on tackling evasion and avoidance. James Bullock (Pinsent Masons) reviews the detail.

Hints of things to come, by Sophie Dworetzsky (Withers).