Legal News

Tax weekly highlights—16 July 2020

Published on: 16 July 2020
Published by: LexisPSL
  • Tax weekly highlights—16 July 2020
  • In this issue:
  • Finance Bill 2020
  • Remaining House of Lords stages scheduled for 17 July 2020
  • Finance Bill 2021
  • Tax legislation day—21 July 2020
  • Capital and intangible assets
  • Office of Tax Simplification launches review of CGT
  • Order made specifying gilt-edged securities
  • HMRC updates guidance on non-residents reporting and paying CGT on UK property
  • More...

Article summary

This week’s edition of Tax highlights includes: (1) the launch of a review by the Office of Tax Simplification into the taxation of chargeable gains for individuals and smaller businesses, (2) the scheduling of all remaining stages of Finance Bill 2020’s passage through Parliament for 17 July 2020, (3) the government announcement that draft clauses for Finance Bill 2021 will be published for consultation on 21 July 2020, and (4) the FTT’s decision in Royal Bank of Canada dismissing the taxpayer’s appeal against discovery assessments charging its receipt of oil royalties to corporation tax and finding that it had been careless in leaving the royalties out of its tax returns. or take a trial to read the full analysis.

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