Technical Updates

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In-depth analysis of the issues facing our private clients, entrepreneurs and their businesses.

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08 May 2017

Legal Entity Identifiers

UK investment management firms currently have to comply with a piece of legislation known as The Markets in Financial Instruments Directive (MiFID). Introduced in November 2007, it sought to improve the competitiveness of financial markets within the European Union by creating a single market for investment services and activities, and to ensure a high degree of…
Compliance Technical updates
20 April 2017

UK Tax Data Card 2017/18

Please download the pdf to view the UK Tax Data Card 2017/18.
Tax data card Technical updates
07 April 2017

French Tax Data Card 2017

Please download the pdf to view the French Tax Data Card 2017.
Tax data card Technical updates
31 March 2017

VAT Update Issue 1 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…
VAT Technical updates
29 March 2017

Making Tax Digital - March 2017 Update

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.
Business taxes Personal taxes Technology Technical updates
15 March 2017

Spring Budget 2017 Update

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.
Budget update Technical updates
19 December 2016

Reform of the Non-Dom Regime - December 2016

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”.
Non-Dom Technical updates
24 November 2016

Autumn Statement 2016

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.  
Budget update Technical updates
23 August 2016

Reform of the Non-Dom Regime - August 2016 Consultation

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”.
Non-Dom Technical updates
11 May 2016

Charities Update - May 2016

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…
Charity Technical updates
10 May 2016

Donations to Parent Charity

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.…
Charity Technical updates
11 April 2016

UK Tax Data Card 2016/17

Please download the pdf to view the UK Tax Data Card 2016/17. 
Tax data card Technical updates