Issue: Vol 0, Issue 1066

Analysis

• International review
• VAT refunds, repayment supplement and interest
• Section 198 elections for plant fixtures
• Effective control of customs duties
• Derecognition of loan relationships

In brief

• Feedback on Grace and ordinary residence
• Reviewing Aberdeen Asset Management v HMRC
• Reviewing Aberdeen Asset Management v HMRC
• Chilcott and grossing up notional payments
• Chilcott and grossing up notional payments

News

• Press watch: Banks’ corporation tax
• Liechtenstein agreement in force
• EU co-operation to combat tax fraud
• PAYE: Online tools replace CD
• People and firms: Taxand
• HMRC: Tax cheats face detailed scrutiny
• ‘Disguised remuneration’ measures to be relaxed
• EC challenges UK’s ‘discriminatory’ anti-avoidance rules
• Thin cap rules ‘fully consistent with EU law’
• HMRC defends ‘no compromise’ approach to investigations
• Exclusive: GAAR team to scrutinise case for clearance procedure
• BDO: HMRC must discriminate between tax planning and tax avoidance
• Three new toolkits for tax agents
• Statement of practice: Transfer pricing, mutual agreement procedure and arbitration

Cases

• R (oao Lunn) v HMRC
• Wakefield College v HMRC
• Deliverance Ltd v HMRC
• Mrs ME McMillin v HMRC
• PG Gunn v HMRC

Practice guides

• VAT refunds, repayment supplement and interest
• Section 198 elections for plant fixtures
• Effective control of customs duties