Issue 1486

Analysis

• Tax and the City review for May 2020
• Covid-19: will tax reform be the silver lining or the missed opportunity?
• Guarantees revisited
• How to handle the reservation of benefit provisions

In brief

• Potential treasury tax implications of Covid-19
• Zero-rating of electronic publications
• McMillan shines light on HMRC’s review process

News

• Treasury gives legal effect to SEISS
• Self-employed income support scheme fast-tracked
• Further updates to HMRC’s job retention scheme guidance
• Outstanding tax liabilities and R&D claims
• Claiming employment allowance
• Lifetime ISA fund withdrawals
• Help to save accounts opportunity
• Capital taxation and tax-exempt heritage assets
• Zero-rating of e-publications
• Supplies of PPE: temporary VAT zero rate
• PPE exports
• OECD consumption tax revenues report
• Tax policy central to government responses to coronavirus
• Tax tribunal hearing list
• HMRC guidance: 6 May 2020
• HMRC manual weekly roundup: 5 May 2020

Cases

• Other cases that caught our eye: 7 May 2020
• Beadle v HMRC
• Investec Asset Finance Plc and another v HMRC
• Suckling v Furness and others
• Sole-Mizo Zrt and Dalmandi Mezőgazdasági Zrt v Nemzeti Adó- és Vámhivatal Fellebbviteli Igazgatósága

One minute with

• One minute with… Emma Bailey

Practice guides

• Guarantees revisited
• How to handle the reservation of benefit provisions