Issue 1478

Analysis

• The disguised remuneration regime unpacked
• The VAT review for March 2020
• HMRC’s revised guidance on s 75A: peppering the target
• The Cayman Islands and the EU ‘blacklist’
• The difficult task of predicting an unpredictable Budget

In brief

• Transactions in securities: the motive test
• Self's assessment: to boldly go where no chancellor has gone before?
• In-house tax leader: nominations invited
• IR35: HMRC stares gift-horse in mouth, sort of

News

• HMRC manual update: 6 March 2020
• IR35: government confirms ‘light touch’ to penalties for first 12 months
• Draft legislation for loan charge refund scheme
• Contractor loan schemes using umbrella companies
• Van benefit and car and van fuel benefit uprating
• Automatic enrolment thresholds
• Deemed domicile: professional bodies revise Q&As
• Income tax exemption for overseas participants in Euro 2020
• New VAT rules for payment service providers and SMEs
• Amended legislation for movements of excise goods
• UK approach to future relationship with the EU
• European Semester country reports
• Portugal ratifies MLI
• Official rate drops to 2.25%
• HMRC’s family investment companies unit targets HNWIs
• HMRC guidance: 4 March 2020

Cases

• Credit Suisse Securities (Europe) Ltd and others v HMRC
• Red, White and Green Ltd v HMRC
• Aures Holdings v Odvolaci financni reditelstvi
• Volkswagen Financial Services (UK) Ltd v HMRC
• Clark v HMRC
• Other cases that caught our eye: 3 March 2020

One minute with

• One minute with... Mamuna Farooq

Practice guides

• The disguised remuneration regime unpacked