Issue 1508

Analysis

• 5MLD: major changes to the UK trust register
• Newey redux
• The VAT review for November 2020
• Cross-border remote workers: PAYE issues
• Practical aspects of HMRC’s retrospective change on VAT and contract terminations

In brief

• The SDLT surcharge: residence issues
• BEPS 2.0: implications for asset managers
• VAT appeal potentially impacts the insurance exemption

News

• HMRC manual changes: 6 November 2020
• Coronavirus support schemes extended
• Bank levy: loss absorbing instruments
• Annual investment allowance
• Disposals of UK land by non-resident companies
• Sick pay rebate scheme
• CIOT makes case for integrating business rates with UK tax regime
• UK property rich CIVs
• Healthcare professionals’ life insurance payments
• ISAs and authorised open-ended property funds
• VAT: option to tax
• VAT refunds to museums and galleries
• VAT: private sonography services
• VAT and import duty on medical supplies
• Proposal to extend temporary VAT measures to coronavirus vaccines and testing kits
• VAT MOSS rates: Austria
• SDLT holiday cliff-edge
• DAC 6 guide
• BEPS action 13 peer reviews
• MLI ratifications
• Czech Republic convention updated
• Time to pay arrangements
• HMRC guidance: pensions update

Cases

• Total E&P North Sea UK Ltd and another v HMRC
• University of Southampton Students’ Union v HMRC
• Swanage Sea Rowing Club v HMRC
• Other cases that caught our eye

One minute with

• One minute with... Danny Blum