The Panama Papers leak from one of the world’s largest offshore law firms has led to a hardening of attitudes towards tax avoiders – and that arguably includes many lawyers, who are deemed complicit in the actions of their clients. Diana Bentley looks at how the landscape has changed.
Government proposals for the taxation of non-domiciled individuals who have been long-term UK residents have been scrapped, reversed and postponed, leading to a whirlwind of changes taking effect retrospectively from 6 April 2017. Annie Bouch outlines some of the key changes
Land transaction tax, the first new Welsh tax in 800 years, is set to replace stamp duty land tax in Wales from 1 April 2018. Andrew Evans explains how it will work in practice
As of 30 September, there is a corporate offence of failure to prevent the criminal facilitation of tax evasion. This brings a risk of criminal liability to solicitors’ firms for not only their employees’ actions, but also the actions of others with whom they are associated. Stuart Adams explains.
The annual tax on enveloped dwellings applies to UK residential properties held in corporate envelopes and carries yearly reporting obligations. Simon Leney identifies the tax’s traps.
Drafting errors which affect the inheritance tax position can be costly for both solicitor and client. However, there are opportunities to correct things, explains Sarah Harrison
Simon Leney and Jane Hodge look at final lifetime income and capital gains tax returns and estate returns
Lesley King provides an update on recent developments in private client law