Issue 1526

Analysis

• Finance Bill 2021: hybrid mismatch rules version 2.0
• The super-deduction and first year allowances: practical issues
• The VAT review for April 2021
• HMRC’s response to the rise of the enabler
• Statutory demergers
• International holding structures: are they structurally sound?
• Odey and Hffx: partnerships with mixed membership

In brief

• HMRC’s drive to uncover uncertain tax positions
• Odey and HFFX: partnerships and stale discovery assessments
• Reader feedback: tax after the coronavirus
• Cheshire Cavity: what is plant?

News

• HMRC manual changes: 9 April 2021
• Global minimum corporate tax rate on the cards?
• Memorandum on financial services
• Exchange of tax information: nominal tax jurisdictions
• Model Tax Convention: interest deductions
• Trade Preference Scheme
• Postponed accounting for import VAT
• SDLT non-residents surcharge
• NICs holiday for employers of veterans begins
• Treasury launches Recovery loan scheme
• IR35: NICs late payment interest
• Job retention scheme: employees engaged in training
• New points-based late-submission penalties
• VAT One-stop shop schemes
• VAT: overseas goods
• HMRC summarises customs rules for traders
• US considers tariffs in DST response
• Tax treaty disputes: binding arbitration
• Greece and Hungary ratify BEPS MLI
• Money laundering: high-risk countries

Cases

• Balhousie Holdings Ltd v HMRC
• Inmarsat Global Ltd v HMRC
• Hyman and others v HMRC
• Q-GmbH v Finanzamt Z
• Other cases that caught our eye: 9 April 2021

One minute with

• One minute with... Vishal Chopra