Issue 1225

Analysis

• VAT focus: Lessons from the Court of Appeal decision in Subway
• Private client briefing for July 2014
• Tax and the City briefing for July 2014
• How to handle tax on a bond issue
• Adviser Q&A: Examining HMRC’s change to COP 9

In brief

• Roelich: what is a ‘business’ for CGT incorporation relief purposes?

News

• PAC criticises government approach to managing debt
• HMRC publishes first wave of avoidance schemes subject to accelerated payments notices
• Press watch: ‘Tsunami’ of lawsuits after crackdown creates £5bn tax bill
• Next steps for the oil and gas fiscal regime
• Changes in policy for TOGCs
• Update to code of governance for resolving tax disputes
• In brief: social investment; venture capital schemes; childcare; fuel duty; VAT rulings pilot; cross-border IHT; foreign entities; guidance

Cases

• Rotberg v HMRC
• Adrian Salmon v HMRC
• Christopher Michael Oddy v HMRC
• Christine Yates v HMRC
• Atlas Property London v HMRC
• HMRC v Murray Group and others

One minute with

• One minute with... Lisa Stevenson

Ask an expert

• FATCA: should UK insurance company provide W-8BEN-E form?

Practice guides

• How to handle tax on a bond issue