Issue 1511

Analysis

• International review for November 2020
• Total: just and reasonable profit apportionment
• Key issues for in-house tax teams: a checklist
• Simplifying CGT by design: the OTS pushes for neutrality
• Derivatives and complex financial instruments: an introduction

In brief

• EU watch: the hunt for new revenues
• HMRC’s volte face on the ‘second home’ SDLT surcharge
• Christmas parties
• HMRC: 'they' or 'it'?

News

• HMRC manual changes: 27 November 2020
• HMRC approves ‘virtual’ Christmas parties
• Late elections to spread loan charge
• SEISS: further Treasury Direction
• CJRS guidance changes
• Entrepreneurs’ relief: anti-forestalling rules
• CGT: digital signatures for hold-over claims
• New deferred VAT payment scheme
• UK VAT registration information post-Brexit
• VAT: handling of qualifying aircraft
• VAT liability of school holiday clubs
• VAT margin schemes post-Brexit
• VAT for goods from overseas
• International tax compliance
• OECD tax report to G20
• OECD: tackling harmful tax practices
• BEPS Action 14 MAP review
• CIOT comments on draft Finance Bill
• HMRC guidance: 25 November 2020

Cases

• HMRC v White Collar Financial Ltd
• K Murphy v HMRC
• Kaplan International Colleges UK Ltd
• Other cases that caught our eye

One minute with

• One minute with... Neil McKnight