In brief

Offshore assets

The Offshore Asset Moves Penalty (Specified Territories) (Amendment) Regulations SI 2017/989 add eight new territories and remove two from the list of those that will not give rise to aggravated penalties for a ‘relevant offshore asset move’ under FA 2015. They take effect from 3 November 2017. See here.

Compliance

Factsheets CC/FS1b: General information about checks by campaigns and projects and CC/FS1c: Compliance checks into large and complex businesses have been updated to cover the apprenticeship levy.

Simplification

The Office of Tax Simplification has set out its work programme with four projects planned for the next year: the role of technology reliefs for investment taxation of savings and investments and inheritance tax. In the longer term as well as continuing to work on Making Tax Digital and the gig economy the OTS will undertake a review of...