Issue 1516

Analysis

• What next for US tax policy?
• Luxembourg convertibles: deeply discounted securities?
• The OTS: the story so far
• Private client review for January 2021
• Back to basics: Incorporation relief

In brief

• Tax deadlines
• EU watch: The agenda for 2021
• Covid-19 and transfer pricing

News

• HMRC manual changes: 22 January 2021
• HMRC urged to review gaps in support
• CJRS guidance
• CIOT Budget representations
• Hybrids and other mismatches
• VAT accounting: NI and GB
• VAT second-hand car scheme
• Customs pre-lodgement model
• Importing goods in luggage
• HMRC focus on compliance work
• Estonia ratifies BEPS MLI
• Germany double tax convention
• Office of the US trade representative finds UK DST to be discriminatory
• EU Council publishes revised public CbCR proposal
• OECD holds public consultation on pillar one and pillar two blueprints
• EC launches consultation on digital levy
• Physical signature required for 2019/20 NRL returns
• Stamp taxes newsletter
• Excise notices reflect end of Brexit transition
• UK integrated tariff schedule

Cases

• Padfield v HMRC
• Other cases that caught our eye: 22 January 2021
• Wilmslow Financial Services plc (in administration) v HMRC
• Hadee Engineering Ltd v HMRC

One minute with

• One minute with... Deepesh Upadhyay