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Trivial benefits

Our first Autumn Statement representation dealt with two aspects of the trivial benefits exemption in the Income Tax (Earnings and Pension) Act 2003 s 323A: revising

Extending relief for self-employed training costs

The ATT considers that, as far as possible, employed and self-employed individuals should have a level-playing field when it comes to tax

In November’s Technical Newsdesk we highlighted that, following new anti-money laundering legislation, most trusts are now required to retain a written record of their beneficial owners.

Legislation introduced in June 2017 requires most trusts to retain a written record of their beneficial owners.

The extensive Treasury consultation ‘Financing growth in innovative firms’ considers the lack of effective supply of patient capital, current interventions and potential solutions.

The CIOT has submitted a response to the first tranche of the FB17 draft consultative clauses, published on 5 December 2016, that implement these reforms.

On 5 December the Government published a response to the further consultation on the reforms to the taxation of non-domiciles issued in Augu

How personal representatives (PRs) and trustees should account for interest and dividends received by them is now a lot more certain, following amendments made to the draft legislation and clarific