Issue: Vol 0, Issue 1078

Analysis

• The future of taxation in the UK
• Value shifting and pre-sale dividends
• Tax and the City: May 2011 update
• Tower MCashback: Mawson revisited
• Tower MCashback: impact on closure notices
• Practical issues on EIS and VCT investment
• VAT: Outsourcing and expense reimbursement

In brief

• Gateshead Talmudical College v HMRC: Upper Tribunal rules on Capital Goods Scheme
• Berry and the Ramsay principle of construction

News

• Finance Bill: draft guidance on CFCs and foreign branch exemption
• Finance Bill new clause: foreign pensions
• Northern Ireland: a ‘convincing case’ for reducing CT rate
• Press watch: restaurants
• Investment trusts: draft regulations
• People and firms: Taxand, McGrigors, Miller
• Pensions tax relief: draft regulations
• 'Incapacitated person': consultation
• Pension contributions: consultation
• Machine games duty: consultation
• Tax Journal survey reflects disquiet over policies for SMEs
• Changes to CFC rules are not enough, says EC
• HMRC prepare ‘clampdown’ on plumbers, gas fitters and heating engineers
• Government securities: regulations
• Finance Bill: Public Bill Committee 19 May 2011
• OTS to ‘look closer’ at tax administration for small businesses
• People and firms: ICAEW Tax Faculty
• Single compliance process will reduce emotional burden, say HMRC

Cases

• N Ogden v HMRC
• C Swingler v HMRC
• SAS Marks v HMRC
• PE Edgar v HMRC
• S Roberts & A Martin v HMRC
• Coolatinney Developments Ltd v HMRC (and related appeals)
• Greenoaks Pharmacy Ltd v HMRC
• Pending appeals: 27 May 2011

Practice guides

• Practical issues on EIS and VCT investment