Issue: Vol 0, Issue 1091

Analysis

• What is and is not a reasonable excuse
• International briefing: September 2011
• Worldwide debt cap: five practical issues
• Financing OMBs: loans or shares?
• Agent versus principal

In brief

• CFC reform: creating the right conditions for growth
• Reviewing the impact of Anson (FTC/39/2010, aka Swift)

News

• Press watch: Twenty economists urge Osborne to drop the 50p tax rate
• Autumn statement is set for 29 November
• Inheritance tax incentive would be regressive, says Tax Faculty
• OECD sets out strategies to counter corporate loss schemes
• Capital allowances: Tax Faculty recommends deferral of mandatory pooling
• Bogus financial adviser jailed for £1.9m tax fraud
• HMRC should use criminal powers to tackle dishonesty, says CIOT
• HMRC to address concerns over tax treaties measure
• Eighteen tax consultations close this month
• Construction industry: new penalties regime starts in October
• People and firms: McGrigors
• Press watch: Chris Evans on tax havens
• Lottery terminals: HMRC invite repayment claims

Cases

• PD, J & LD Brockhouse (t/a A5 Aquatics) v HMRC
• Mrs J Moss v HMRC
• M Benford v HMRC
• Nordea Pankki Suomi Oyj v Finland
• European Commission v Republic of Hungary
• Tallington Lakes Ltd v HMRC
• St Peters Travel Ltd v HMRC (and related appeal)
• PC Clarke v HMRC (No 2)

Practice guides

• Worldwide debt cap: five practical issues
• Financing OMBs: loans or shares?