Technical Updates

Please download the pdf to view the UK Tax Data Card 2017/18.

Please download the pdf to view the French Tax Data Card 2017.

U-DRIVE LTD [2017] BVC 510 This case considers the right to input VAT recovery in relation to tripartite arrangements.  It is important to understand in such situations who is the actual recipient of the supply since the right to input VAT deduction is conferred on the recipient and not the person contractually obliged to settle the liability. U-Drive is a vehicle hire business. …

Note: The government announced significant delays to making tax digital in July 2017. This update should therefore be read in conjunction with our July 2017 update which is available on our website.

Note: This update was written on 15 March 2017. It is based on the government’s proposals at that point in time which don’t necessarily represent the final legislation. No action should be taken based on this update without taking proper advice.

Note: The government finalised the reform of the non-dom regime, and this was part of the second Finance Act of 2017 which gained Royal Assent on 16 November 2017 - please see our technical update “Reform of the non-dom regime – Summary”.

Note: This update was written on 24 November 2016. It is based on the government’s proposals at that point in time which don’t necessarily represent the final legislation. No action should be taken based on this update without taking proper advice.  

Note: The government finalised the reform of the non-dom regime, and this was part of the second Finance Act of 2017 which gained Royal Assent on 16 November 2017 - please see our technical update “Reform of the non-dom regime – Summary”.

HMRC have amended the required wording for gift aid declarations with effect from 6 April 2016.  The revised declaration emphasises that it is the donor’s responsibility to make good any shortfall between the income tax and capital gains tax they pay in the tax year and the Gift Aid claimed on their donations.  Charities should review any declarations issued moving…

It has been common practice for wholly owned trading subsidiaries of charities to donate all taxable profits to the parent charity and to claim relief for the charitable donations in the year in which the profits arise, so that no corporation tax is payable by the subsidiary. In some cases the amounts donated exceeded the distributable profits of the subsidiary company. This might…

Please download the pdf to view the UK Tax Data Card 2016/17. 

Note: This update was written on 18 March 2016. It is based on the government’s proposals at that point in time which don’t necessarily represent the final legislation.  For that reason, no action should be taken based on this update without taking further advice.