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VAT update, August 2016

Published on 24 Aug 2016.

In this month's edition of our VAT update we report on (1) the Law Society's response to HMRC's consultation on VADRA, (2) HMRC's new brief on TOGCs, and (3) HMRC's new policy paper on "Use and Enjoyment" of insurance repair. We also comment on three recent cases concerning Article 9 of the VAT Directive, repayment of VAT by an individual member of a VAT group, and a "hardship" application.

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Tax update, August 2016

Published on 04 Aug 2016.

In this month's edition we report on (1) HMRC's new guidance on contracting-out for defined benefit pension schemes (2) this years' tax take, (3) a new EU directive aimed at reducing corporate tax avoidance. We also comment on three recent cases concerning the validity of a discovery assessment, the tribunal's hardened approach to compliance with directions, and the validity of a notice of enquiry.

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VAT update, July 2016

Published on 28 Jul 2016.

In this month’s edition of our VAT update we will report on (1) the EU Council’s variation to the Principal VAT Directive relating to vouchers, (2) HMRC’s update on VAT Notice 708, and (3) a variation in the law on the applicably of VAT to offshore property held by insurers. We also comment on three recent cases concerning the supply of services by a bank, the applicability of VAT to an incomplete transfer of title, and whether VAT is payable on charitable donations.

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Corporate tax update, second quarter 2016

Published on 19 Jul 2016.

On 23 June 2016 the UK voted to leave the EU in an historic referendum result. A period of some political, economic and social uncertainty will undoubtedly follow (and we've already had a turbulent few weeks) but as far as corporate tax is concerned there should be no immediate consequences. It remains to be seen what happens to the planned further reduction in corporation tax to 15% as announced by the then-Chancellor George Osborne. Some initial views on the likely corporate tax consequences of Brexit are set out below. It has also been announced that Royal Assent to this year's Finance Bill is not now expected before the Autumn. In the aftermath of the referendum result, it is perhaps easy to forget that some significant changes to the UK corporate tax regime are planned. Whether all of these changes now proceed, at the pace originally intended, will become clear in due course. In this edition we therefore also highlight some of the key tax developments of interest to UK corporates from the second quarter of 2016.

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Tax update, July 2016

Published on 06 Jul 2016.

In this month's edition of our Tax Update we will report on HMRC's (1) revised corporate interest deductibility rules consultation, (2) new company taxation manual, and (3) off-payroll working and IR35 consultation. We also comment on three recent cases concerning 'trading', the applicability of income tax on employment termination payments, and SDLT planning.

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VAT update, June 2016

Published on 29 Jun 2016.

The result of last week's referendum on the UK's membership of the EU is likely to lead to a prolonged period of uncertainty in many areas of taxation

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Tax update

Published on 01 Jun 2016.

The Finance Bill 2016 contains provisions which will introduce a specific penalty linked to the General Anti-Abuse Rule (GAAR) provisions.

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Tax update

Published on 04 May 2016.

In the 2016 Budget, the Chancellor announced proposed legislation to tackle so-called “disguised remuneration”. HMRC has now published an impact note and draft legislation.

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Corporate tax update

Published on 03 May 2016.

Welcome to the latest edition of our Corporate Tax Update, written by members of RPC’s tax team and published quarterly. In this edition we highlight some of the key tax developments of interest to UK corporates from the first quarter of 2016.

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VAT update

Published on 28 Apr 2016.

On 7 April 2016, the European Commission adopted a Communication on an Action Plan on VAT, which sets out the first steps the Commission intends to take with the aim of creating a single EU VAT area.

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Offshore tax evasion

Published on 11 Apr 2016.

The “Panama Papers”

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Tax update

Published on 04 Apr 2016.

On 1 February 2016, HMRC took the unusual step of publishing draft regulations through the CIOT (rather than its own) website.

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VAT update

Published on 31 Mar 2016.

Next steps following the change to the reduced rate of VAT for energy saving materials

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Tax update

Published on 02 Mar 2016.

DOTAS: New regulations on hallmarks

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VAT update

Published on 25 Feb 2016.

Commission publishes an Action Plan on VAT

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Tax update

Published on 03 Feb 2016.

Increased SDLT for second homes and buy-to-let properties to apply to all

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Corporate tax update

Published on 29 Jan 2016.

Welcome to the latest edition of our Corporate Tax Update, written by members of RPC’s tax team and published quarterly. In this edition we highlight some of the key tax developments of interest to UK corporates from the final quarter of 2015.

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VAT update

Published on 28 Jan 2016.

Brief 22/15 – VAT partial exemption changes concerning foreign branches

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The new Union Customs Code

Published on 21 Jan 2016.

Key changes

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VAT update

Published on 22 Dec 2015.

This is our last VAT update of 2015. RPC’s next VAT update will be published on 28 January 2016. We wish all our readers a Merry Christmas and a Happy New Year!

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Tax update

Published on 02 Dec 2015.

Small Business Research & Development Relief

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VAT update

Published on 26 Nov 2015.

HMRC publishes guidance on pension fund management costs

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Corporate tax update

Published on 19 Nov 2015.

Welcome to the latest edition of our Corporate Tax Update, written by members of RPC’s tax team and published quarterly. In this edition we highlight some of the key tax developments of interest to UK corporates from the third quarter of 2015.

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Tax update

Published on 05 Nov 2015.

HMRC turns the spotlight on contractor loan arrangements

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VAT update

Published on 29 Oct 2015.

HMRC publishes responses to consultation on new penalties model

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Tax update

Published on 01 Oct 2015.

Follower Notices and APNs – new Guidance issued by HMRC

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VAT update

Published on 23 Sep 2015.

Supreme Court to consider VAT “restitution” claims

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Corporate tax update

Published on 04 Sep 2015.

Welcome to the latest edition of our corporate tax update, written by members of RPC’s Tax team and published quarterly. In this edition we highlight some of the key tax developments of interest to UK corporates from the second quarter of 2015.

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