Issue 1385

Analysis

• What are we to make of the draft Scottish Budget?
• A countdown to devolved taxes in Wales
• The Cross-Border Trade Bill
• Tax insurance in M&A transactions
• Hamamatsu: when transfer pricing and customs valuation converge
• The VAT briefing for February 2018

In brief

• Non-residents CGT returns
• Can the novation of a contract be a supply of land?

News

• CIOT concerned at ‘hasty redraft’ of customs code
• Accounting for effects of US tax reform
• New anti-money laundering supervisory body
• OTS to carry out review of IHT
• VAT treatment of education providers
• Tobacco products manufacturing machinery licensing scheme
• Welsh landfill disposals tax
• Commission considers extending UCC transitional rules
• Commission’s reporting rules for intermediaries need clearer hallmarks
• Tax treaties
• Six more countries sign BEPS multilateral instrument on tax treaties
• OECD pilots new international tax risk programme
• Changes to HMRC’s criminal investigation powers
• WRA and HMRC ready for devolved Welsh taxes
• New HMRC guidance

Cases

• I Shiner and D Sheinman v HMRC
• P Vaines v HMRC
• J Shannon v HMRC
• Stadion Amsterdam CV v Staatssecretaris van Financiën
• Phoenix Foods v HMRC
• Teoco UK v Aircom Jersey and Aircom Global

One minute with

• One minute with... George Peretz

Ask an expert

• Disposal proceeds or interest?