Issue: Vol 0, Issue 1095

Analysis

• Economics column: a worrying change of mood
• The Financial Transaction Tax proposals
• The filing standard for UK CT returns
• When are exit charges unlawful?
• Back to basics: The taxation of gilts
• Ask an expert: resolving tax disputes

In brief

• The Vickers Report in context
• GAAR: a headache or full-blown migraine for tax directors?
• Total People Ltd: why HMRC will appeal it all the way

News

• Financial transaction tax: a step forward or a blunderbuss?
• NI number cards phased out
• Expenses: worldwide subsistence rates updated
• Personal incomes: government estimates
• PAYE and real time information: consultation responses
• PAYE due by 21 October
• VAT and salary sacrifice: further guidance
• People and firms: Baker Tilly
• Osborne rules out temporary tax cuts but considers lending to SMEs
• Government sets £805m aside to help freeze council tax
• Government plans Enterprise Zones for BAE sites
• Interest on late paid and overpaid tax: regulations
• Recognised stock exchanges: LIFFE Administration and Management
• National minimum wage: new rates
• Construction industry scheme penalties: regulations
• Interim leaders reappointed at Office of Tax Simplification
• EC proposes Europe-wide financial transaction tax

Cases

• Finanzamt Essen Nord-Ost v GFKL Financial Services AG
• Agurdino Srl v Moldova
• Different Kettle Ltd v HMRC
• Carlton Clubs plc v HMRC
• Halley & Others v Belgische Staat
• Western Ferries (Clyde) Ltd v HMRC
• Pending appeals

Practice guides

• Back to basics: The taxation of gilts