Issue: Vol 0, Issue 1110

Analysis

• Finance Bill 2012: Distributions in specie
• Tax and the City: February 2012 briefing
• Anti-avoidance: plant & machinery allowances

In brief

• CC(C)TB developments
• Comparing the EIS and SEIS
• VAT and insurance
• The CFC update

News

• Press watch: Redknapp and Mandaric cleared of tax evasion
• HMRC figures show that it has not gone soft on big business, says tax expert
• Student loans chief advised to account for tax under IR35
• CT return guidance updated
• New and revised statements of practice
• Self assessment tax return filing records broken
• P45 retained
• Seed enterprise investment scheme: draft amendments
• VAT online: draft amendments
• Single compliance process: evaluation period extended
• Liechtenstein disclosure facility extended
• Six HMRC concessions enacted
• VAT notices updated
• Business records checks on hold
• People and firms: Pinsent Masons and McGrigors
• Press watch: Barclays 'risks backlash'
• CFC reform: UK resists calls for assessment of impact on developing countries
• Controlled foreign companies update: Treasury invites comments by 10 February

Cases

• JD Wetherspoon plc v HMRC (and cross-appeal)
• Aberdeen Asset Management plc v HMRC
• Bluesparkle Ltd v HMRC
• Vocalspruce Ltd v HMRC
• Lloyds TSB Equipment Leasing (No 1) Ltd v HMRC
• TW & Mrs SM Stevens v HMRC

One minute with

• One minute with ... Karen Horne