Issue: Vol 0, Issue 1121

Analysis

• Getting simpler?
• Sale consideration loan notes for OMBs
• The SDLT planning landscape
• Is a perpetual note debt for tax purposes?
• The agenda for May 2012
• Economics focus: only a technical recession - so far
• '40 under 40' for 2012/13

In brief

• Oil tax: fixing future relief
• HMRC service delivery

News

• SDRT: HMRC will not appeal against decision in HSBC
• Finance Bill does little for small companies, says ICAEW chief
• Barclays discloses UK corporation tax liability
• Press watch: Alliance Boots
• VAT scale charges on road fuel: informal consultation
• UK and Switzerland agree increased one-off tax charge
• Agent Update: issue 29
• Capital gains taxes, trusts and estates: HMRC toolkits updated
• PAYE returns due by 19 May: HMRC reminder
• People and firms: Coutts and Macfarlanes
• Finance Bill: Gauke defends corporation tax rate reduction
• HMRC sends daily penalty notices to 12,000 taxpayers taken out of self assessment
• Mike Clasper to step down as HMRC Chairman 'later this year'
• People and firms: PKF

Cases

• Flemming & Son Construction (West Midlands) Ltd v HMRC
• Southport Flower Show Ltd v HMRC
• M Rangos v HMRC
• Miss S Walker v HMRC
• HMRC v Able UK Ltd
• Swain Mason & Others v Mills & Reeve
• P Bovey v HMRC

One minute with

• One minute with ... Jonathan Fisher QC

Practice guides

• Sale consideration loan notes for OMBs