News for July, 2015

The FRC has published its annual report for 2014/15, which includes an outline of progress against the Council’s 2013/16 strategic programme.

Issue 55 of VAT on Construction, Land & Property is now live for subscribers to that service.

Stephen Spierin BL discusses the importance of creating an enduring power of attorney, and how the power operates. The article considers the differences and advantages, both cost and procedurally, an enduring power of attorney holds over the consequential alternative of the wardship procedure.

A suite of changes that update and, in many cases simplify, UK and Ireland accounting standards have been issued by the FRC.

Issue 29 of Norfolk and Montagu on the Taxation of Interest and Debt Finance is now live for subscribers to the Norfolk online service.

Sarah Laing summarizes recent developments in UK tax.

Open and recently closed tax consultations are summarised by Julian Harris.

Andrew Needham comments on recent VAT developments

Julian Harris summarises selected recent decisions.

The extensive information and inspection powers available to HMRC includes (among other things) documents which are reasonably required to check the taxpayer’s tax position. In the context of HMRC enquiries into self-assessment tax returns, a question that sometimes arises is: are taxpayers’ private records ‘reasonably required’?