Weekly tax brief - 9 November 2016

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments.
What can we expect from the forthcoming Autumn Statement?

09 November 2016

When Chancellor of the Exchequer Philip Hammond delivers his Autumn Statement on Wednesday 23 November, everybody will be hoping for messages of calm control, a clear plan in uncertain times, a sense of purpose and direction. Amid speculation that this will be the last Autumn Statement in the format we have come to expect, we can be sure that there will be new policies to be pored over, new measures to be scrutinised and masses of detail to be analysed.

Could a new business structure for small businesses encourage more entrepreneurial activity?

09 November 2016

Starting your own enterprise can be a risky business which can put financial and personal assets on the line, but a new recommendation from the OTS could mitigate the risk for small business owners – could this encourage an uplift in entrepreneurial activity in the UK?

The simple idea of Airbnb creates a complex tax position across the globe

09 November 2016

It is said that death and taxes are the two big global certainties. Looking at how Airbnb hosts around the world are taxed, it quickly becomes apparent that tax is anything but certain.

Encouraging offshore tax compliance – put things right with HMRC or suffer the consequences

09 November 2016

HMRC’s latest efforts to clampdown on offshore tax irregularities should be applauded, but will the proposed 'Requirement To Correct' treat those at the innocent end of the scale too severely?

'Careless' or 'deliberate', just watch it, thats all

09 November 2016

A recent tax case highlighted HMRC’s fine line between being 'careless' when completing a tax return and 'deliberately' entering information incorrectly to avoid paying tax, but where does the distinction lie?