Issue 1512

Analysis

• International business operating models: the tax issues
• The VAT review for December 2020
• Contentious tax: quarterly review
• How to handle venture capital tax reliefs
• A covid Christmas

In brief

• What the spending review means for the future of UK tax
• The FII ruling and mistakes of law
• Covid-19 and UK tax compliance
• Tax certainty day

News

• HMRC manual update: 4 December 2020
• Avoidance schemes on the rise
• Late loan charge elections
• Updated advisory fuel rates
• HMRC to publish CJRS claims
• Loan charge filing barriers
• CGT on UK residential property
• Recovery of VAT on cars
• VAT grouping response
• Duty deferment accounts
• SDLT housebuilders relief
• SDLT non-residents surcharge
• SDRT late-notification penalties
• Further MLI signatories
• Information exchange and cryptocurrencies
• HMRC’s preferential creditor status
• HMRC targets enablers of tax evasion
• Late-payment penalties
• HMRC guidance: 2 December 2020

Cases

• Test Claimants in the Franked Investment Income Group Litigation and others v HMRC
• Project Blue Ltd v HMRC
• Bluejay Mining plc v HMRC
• Safestore Ltd v HMRC
• Other cases that caught our eye: 4 December 2020

One minute with

• One minute with... Rebecca Durrant