Issue 1227

Analysis

• HMRC’s anti-avoidance strategy: the next squeeze
• Taking stock of unallowable purpose
• How FATCA applies to non-US funds
• Loss of ability to surrender group relief during sale negotiations
• VAT briefing for August 2014
• Q&A: The FA 2014 legislation on follower notices
• Q&A: The new ‘global FATCA’: where are we now?

In brief

• Talking points
• A cautionary tale of wide judicial latitude in statutory construction
• US inversions: AWOL or desertion?
• Is ATED tax deductible?

News

• HMRC business records checks ‘at highest level’
• Solicitors criticise tax debt recovery proposals
• Dates set for new rules on video games relief, VCTs and offshore funds
• HMRC staff strike over job cuts
• New pension schemes regulations set to come into force
• Contractor loan scheme users offfered settlement opportunity
• In brief: partnerships; employment-related securities; DRT; Canada DTA; recovery of debt; new guidance

Cases

• Matthew Roper v HMRC
• Thomas Dalziel Steelfixing v HMRC
• Royal Borough of Kesington & Chelsea v HMRC
• Helmbridge v HMRC
• Judith Thorne v HMRC
• HMRC v Lloyds TSB Equipment Leasing
• Andrew Chappell v HMRC
• Temple Retail v HMRC
• Daniel Pittack v HMRC
• Peter Letts v HMRC
• Vodafone Group Services v HMRC
• HMRC v David Finnamore
• Airtours Holidays Transport v HMRC
• Sabaratnam Devaraj v HMRC

One minute with

• One minute with... Simon Concannon

Practice guides

• How FATCA applies to non-US funds
• Loss of ability to surrender group relief during sale negotiations