Weekly Tax Brief - 22 December 2015

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments.

Tax consequences of errors in MoJ divorce form

22 December 2015

There have been red faces all round at the MoJ following the revelation that there were errors in the online form used to calculate the financial assets of divorcing couples. One major concern is for ‘DIY’ divorcing couples who may, as a result, have to renegotiate their divorce settlements. So what are the tax implications of this embarrassing error?

Uncertainty as VAT omitted from Renewable Heating Incentive guidance

22 December 2015

In October the government published its much-awaited guidance on the taxation of Renewable Heat Incentive payments. But missing out the VAT treatment of these payments has thrown up more questions than answers…

Will tax changes to carried interest affect UK’s position as a leading financial centre?

22 December 2015

With more than £6trillion of investments managed by investment managers in the UK, the nation is one of the world’s leading investment centres.

Leaner, meaner and a darn sight keener – the taxman ups the fight against evasion in 2016

22 December 2015

Recent press comment suggests that 25% of tax prosecution cases involve tax lost of just £10,000.

A surprise appearance for Ed Darth Vaizey and Georgie Wan Kenobi Osborne

22 December 2015

Eagle-eyed film fans have spotted that our very own Chancellor and Minister for Culture appear in the credits at the end of the new Star Wars film.