Issue 1523

Analysis

• Is payroll closely connected to welfare work for VAT purposes?
• Seven lessons from Clipperton
• How big a tax burden can the country sustain?
• Investors’ relief
• Tax and the City review for March 2021
• VAT review for March 2021

In brief

• Self’s assessment: Tax after covid (again)
• Spring Budget 2021: capital allowances and the super-deduction
• The corporation tax rate rise

News

• HMRC manual changes: 12 March 2021
• MTD for corporation tax: ‘one size fits all’ approach ‘does not make sense’, says CIOT
• Correcting RTI returns
• R&D consultation
• EMI consultation
• Super-deduction: further detail
• Penalties for enablers
• Strengthened sanctions for promoters
• Reporting cross-border arrangements
• SDLT surcharge for non-residents
• ATED chargeable amounts
• Land transaction tax: temporary extension
• Sending parcels between GB and NI
• Preferential trade arrangements
• VAT finance exemption: specified supplies
• ‘Euro 2020’ tax exemption
• Beneficial loans
• Home office expenses exemption extended
• Recovery loan scheme
• Car and van fuel benefit

Cases

• Eastern Power Networks plc and others
• The Prudential Assurance Company Ltd v HMRC
• The Lilias Graham Trust v HMRC
• Other cases that caught our eye: 12 March 2021

One minute with

• One minute with... Mark Persoff