Tax update, August 2017

In this update we report on the Government’s intention to use the Finance Bill (No. 2) 2017 to retrospectively implement the policies dropped from the first Finance Act 2017; amendments to the new disguised remuneration provisions in the Income Tax (Earnings and Pensions) Act 2003; and the implementation of the guidance requirement under the Criminal Finances Act 2017

We also comment on three recent cases on when inactivity on the part of HMRC will result in the Tribunal directing HMRC to issue a Closure Notice; the circumstances in which a Member State’s national court can review a tax information request made by another Member State; and the circumstances in which valid penalties can be issued by HMRC for non‑compliance with an Information Notice.