Tax voice - December 2016

Welcome to December's edition of tax voice, a monthly round-up of the most important tax news.

Global trading tax changes impact SMEs too

17 December 2016

Small and medium sized businesses trading internationally need to be aware of a major new risk of triggering overseas tax liabilities.

HMRC expands its high net worth individuals criterion

17 December 2016

HMRC’s high net worth unit is gradually expanding its definition of who needs special attention. Will it end happily?

HMRC focus on income and assets abroad

17 December 2016

The Chancellor’s Autumn Statement 2016 proudly announced the UK’s tax gap is one of the lowest in the world and that the UK has been at the forefront of bringing about a step change in international tax transparency.

Should you incorporate your property portfolio?

17 December 2016

We are often approached by clients looking to incorporate their property portfolios to reduce the tax payable – but what are the pitfalls?

Simplification of the corporation tax computation

17 December 2016

The Office of Tax Simplification (OTS) has published a progress report on its work regarding the simplification of the corporation tax computation.