Issue: Vol 0, Issue 1084

Analysis

• CFC reform
• Revenue watch: July 2011 update
• Practice guide: Tax risks during the life cycle of SMEs
• Online filing for MVLs and strike-offs
• International review: July 2011 update
• Practice guide: VAT on construction

In brief

• Paymex v HMRC: VAT treatment of IVAs and debt collection
• Enel Maritsa Iztok 3 AD: compound interest claims and legitimate expectation

News

• Finance Bill completes report stage
• HMRC launch VAT disclosure initiative
• Press watch: bank levies
• Agent update: corporation tax returns
• Business profits toolkit released
• Controlled foreign companies proposals may not be EU compliant, experts warn
• Controlled foreign companies proposals may not be EU compliant, experts warn
• Finance Bill: report stage debate 4 July
• People and firms: VAT Practitioners Group, Coller IP, PwC
• Large businesses enquiries: HMRC qualifies £25bn estimate
• Large businesses say HMRC ‘could do more’ to improve service
• Collection of tax debts via PAYE codes: regulations
• Taxation of unauthorised unit trusts: consultation
• Tax relief for losses: consultation
• Bank levy: double tax relief
• Gifts of pre-eminent objects and works of art to the nation: consultation

Cases

• Mrs Y Lawson v HMRC
• ADV Allround Vermittlungs AG v Finanzamt Hamburg-Bergedorf
• Regent Commodities Ltd v HMRC
• Mrs R Holmes v HMRC
• EG Harrison v HMRC
• Meilicke & Others v Finanzamt Bonn-Innenstadt (No. 2)
• Atlantic Electronics Ltd v HMRC
• KS & PK Duhra v HMRC

Practice guides

• Practice guide: Tax risks during the life cycle of SMEs
• Practice guide: VAT on construction