Issue 1491

Analysis

• Critical treasury transactions: the tax implications
• Tax charge to recover Covid-19 support payments
• Tax and the City review for June 2020
• Tax and PAYE on waived earnings
• Comment: Covid-19, tax policy and climate change
• Contentious tax: quarterly review

In brief

• Share options revisited
• Social investment tax relief
• Royal Opera House: VAT recovery
• Sonaecom: VAT on abortive transactions
• IR35 extension to private sector: Finance Bill amendment on territorial scope

News

• VAT reverse charge on construction services to be further delayed
• CJRS: statutory leave returnees
• Extended deadline for EMI valuations
• Entrepreneurs’ relief lifetime limit
• Private residence relief
• Deemed domicile trust protections
• VAT: property search fees
• Imports of PPE
• SDLT higher rates: exceptional circumstances
• SDRT refunds
• Ecofin report on tax measures
• OECD: offshore indirect transfers
• DAC 6 and legal professional privilege
• Finance Bill Public Bill Committee
• Review of Scottish Budget
• HMRC guidance: 10 June 2020
• HMRC manuals weekly roundup: 9 June 2020

Cases

• B Khan v HMRC
• MV Promotions Ltd and another v Telegraph Media Group Ltd and HMRC
• HMRC v Beigebell Ltd
• McMahon v Grant Thornton UK LLP
• Other cases that caught our eye: 12 June 2020

One minute with

• One minute with... Clive Gawthorpe