Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

1 General

1.1 Failure to prevent the facilitation of tax evasion – commencement confirmed

1.2 HMRC strategy paper published

1.3 Your Charter annual report

1.4 Provisions that will apply before the introduction of the second Finance Bill 2017

2  Private client

2.1 Proposed new timetable for state pension age increases

2.2 CGT for non-UK residents disposing of UK residential property

2.3 P800s showing tax deducted from bank interest incorrectly

2.4 Auto-coding out of bank interest

3  Trust, estates and IHT

3.1 House of Commons IHT briefing paper

4   Business tax

4.1 Finance Bill (No.2) 2017 - draft legislation

4.2 Corporate interest restrictions

4.3 Hybrid mismatch rules

4.4 Carried-forward losses for corporation tax relief

4.5 Substantial shareholding exemption

4.6 OECD additional guidance on Country-by-Country reporting published

4.7 OTS report on stamp duty on paper documents

5 VAT

5.1 Default interest after an excessive investigation procedure?

5.2 VAT invoice - address from which economic activity is performed

5.3 Application of the sporting exemption

6 Tax publications

7 And finally

If you have any questions or feedback, please get in touch with your usual Smith & Williamson contact.

Download - Weekly Tax Update - 24 July 2017

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