13 February 2017
Put your client admin into motion.
- If you have UK-resident clients with UK and US citizenship it is important to make sure that they are aware that the US Internal Revenue Service has extensive powers that could have a significant tax impact on transactions in the UK.
- The decision in Doran Bros (TC5554) highlights the importance of ensuring that a company obtaining professional advice must ensure it clearly states that it is for the benefit of the business – rather than say solely for a specific employee – if it wishes to claim VAT relief on the cost.
- The Making Tax Digital programme should allow tax practitioners access to more real-time information. This should enable more practical and immediate tax advice to be given during the year rather than matters coming to light after the year-end when it may be too late.
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