Issue 1172

Analysis

• Economics focus: Spending cuts become harder to find
• The tax agenda for June
• Trading in the UK through a PE
• New UK GAAP and tax on financial instruments
• NEC: VAT and booking fees

News

• No relief on costs paid by business customers, gas and electricity distributors told
• CASC qualifying conditions targeted for clarification
• HMRC proposes change to exchange gains and losses rules
• Andorra introduces income tax for first time
• Offshore employment intermediaries' income put under review
• Revision for double taxation treaty passport scheme
• Condoc seeks to strength banks' code of practice
• In brief: Economic Affairs Committee; annual management charge; fuel rates; IHT trust charges; VAT refunds; people and firms
• Victory for HMRC in BVI avoidance case
• FATCA implementation given updated regulations and guidance
• Press watch: Gibraltar; Hearts FC; Charity Commission

Cases

• HMRC v The Honourable Society of Middle Temple
• WM Morrison Supermarkets Ltd v HMRC
• Nuffield Health v HMRC
• J Myers v HMRC (and related appeals)
• Blenheims Estate and Asset Management Ltd v HMRC
• Trustees of David Zetland Settlement v HMRC

One minute with

• One minute with... Mark Dyson

Ask an expert

• Ask an expert: Recovery of UK VAT under the EU VAT refund mechanism