Issue 1250

Analysis

• How to handle tax valuations
• Modernising the tax rules for debt and derivatives
• Tax and the City briefing for February 2015
• Q&A: Commission extends state aid rulings investigations
• Q&A: Proposals to strengthen sanctions for tax avoidance
• The CJEU on the UK’s group relief rules and EU law

In brief

• Canny romantics
• Reader feedback: Adam Mather
• Trading losses and horse racing

News

• PwC promotes avoidance on an industrial scale, says PAC
• Film scheme investors win right to challenge APNs
• HMRC defends Swiss tax disclosures
• Diverted profits tax under fire
• Changes to VAT accounting following Skandia
• OECD begins to implement BEPS
• Miliband secrecy warning to overseas territories
• HSBC Swiss arm accused of aiding avoidance
• HMRC has made good progress since 2010, says auditor
• More Scottish regulations set to come into force
• In brief: Northern Ireland; state pension; parental pay; promoters; charity relief; intermediaries; guidance

Cases

• Open Heavens Media v HMRC
• Rosie Arnfield v HMRC
• Malachy Higgins v The National Crime Agency
• Abbey Forwarding v HMRC
• Directeur Général des Finances Publiques v Mapfre Warranty SpA
• Fonecomp v HMRC
• Michael Macklin v HMRC

One minute with

• One minute with… Keith Brockman

Ask an expert

• COP9 and users of marketed avoidance schemes

FA 2015

• Diverted profits tax under fire

Practice guides

• How to handle tax valuations