Issue 1406

Analysis

• VAT on corporate transactions
• Hammond becomes a reluctant tax and spender
• Ardmore: withholding and UK source
• The tax gap: a right riveting read?
• Transfer pricing of financing arrangements
• The VAT briefing for July 2018

In brief

• Winning on penalties
• Letting and IHT business property relief

News

• PAC keeps pressure on HMRC over online VAT fraud
• Disguised remuneration loan charge ‘affects 50,000’
• Land and buildings transaction tax
• NAO welcomes progress on customs declaration service
• New signatories to online marketplaces agreement
• UK ratifies protocol to international convention on tobacco control
• OECD launches global revenue statistics database
• UK/Bermuda tax information exchange arrangement in force
• New DTAs signed with Jersey, Guernsey and IOM
• UK ratifies BEPS multilateral instrument
• Tax treaties with Belarus and Ukraine
• Kazakhstan and Vanuatu sign CRS MCAA
• OECD consults on transfer pricing aspects of financial transactions
• CIOT calls for annual Scottish Finance Bills
• Welsh Revenue Authority powers
• New international tax enforcement group formed
• Tax Tribunals caseload
• New HMRC guidance

Cases

• Cases: quarterly review (Summer 2018)

One minute with

• One minute with... Nikhil Mehta