Issue 1373

Analysis

• The SSE: where are we now?
• VAT in the Gulf
• Private client briefing for October 2017
• In conversation with HMRC's Edward Troup

In brief

• Penalty appeals
• Takeda Pharmaceutical: tax liabilities post-completion
• Customs, VAT and excise after Brexit

News

• PAC demands ‘high-profile enforcement’ against online VAT fraud
• New energy and carbon reporting framework
• Insurance-linked securities regulations made
• Simplified arrangements for group relief
• Soft drinks industry levy regulations
• New EU public prosecutor to target VAT fraud
• Higher taxes may not harm growth, says IMF
• OECD reports progress on harmful tax practices
• Finance Bill progress
• Threshold for offshore evaders offences confirmed
• Specified territories for offshore asset moves penalty
• HMRC guidance

Cases

• Amalgamated Metal Corporation v HMRC
• Big Bad Wolff v HMRC
• The Ice Rink Company and PI (Milton Keynes) v HMRC
• HMRC v Praesto Consulting UK
• R (Newcastle United Football Club and others) v HMRC and the Crown Court at Leeds

One minute with

• One minute with... Owain Thomas QC

Ask an expert

• The taxation of profits on cryptocurrencies