Tax update - April 2017

In this update we report on recent HMRC guidance on partnership follower notices and penalties, the new employment status checker for the intermediaries legislation (IR35) and details of tax avoidance scheme for income and national insurance contributions which HMRC has highlighted in its Spotlight 37.

We also comment on three recent cases involving whether section 167, Taxation of Chargeable Gains Act 1992, is compliant with Human Rights and EU law, a dispute concerning loan relationship debits for foreign exchange losses and the invalidity of Regulation 80 determinations due to HMRC’s failure to obtain the necessary statutory consents for PAYE codes to be sent to a taxpayer electronically.