Issue: Vol 0, Issue 1059

Analysis

• Land and Property: Place of Supply of Services
• UK economic outlook for 2011
• View from HMRC: our approach to dispute resolution
• Swallow: stay pending criminal investigation
• Back to basics: Depreciatory transactions & value shifting

In brief

• Current issues in VAT
• Reviewing the draft rules on capital gains exit charges
• Reviewing the Finance Bill 2011 provisions affecting employment taxes

News

• An apology
• People and firms: Deloitte and Devereux Chambers
• Tax bodies flag risks of undertaking ‘artificial’ tax avoidance
• Taxpayers new to online filing ‘must register by 21 January’
• Debt cap: regulations
• Disclosure of tax avoidance schemes: regulations
• VAT regulations amended
• HMRC takes to tweeting
• Eight concessions to be withdrawn, seven to be enacted
• VAT and supplies of natural gas and electricity: regulations
• National minimum wage: regulations
• Double taxation relief and international tax enforcement: regulations
• Electronic communications: regulations
• Tax protests: Companies ‘need a strategy’
• Finance (No. 3) Act 2010
• Tax yield is up but HMRC staff morale remains low

Cases

• HMRC v Weald Leasing Ltd
• HMRC v RBS Deutschland Holdings GmbH
• HMRC v KG Colquhoun
• DCC Holdings (UK) Ltd v HMRC
• Test Claimants in the ACT Group Litigation (Class 2 and Class 4) v HMRC (No 2)

Practice guides

• Back to basics: Depreciatory transactions & value shifting