Issue 1531

Analysis

• Debt restructuring: releases
• HMRC’s updated SAO guidance: a focus on the main duty
• Tax and the City review for May 2021
• Review into the R&D tax credits system
• Balhousie: VAT on sale and leaseback arrangements

In brief

• The cautionary tale of Mr Bostan Khan
• The proposed residential property developers tax
• Some tentative lessons from the Lineker case

News

• Test and trace linked to umbrella company fraud
• CEST updated
• Agent services account changes
• TRS guidance updated
• Zero-rated installation of blinds
• VAT appeals
• Imports and exports: Northern Ireland
• Customs import declarations
• Plastic packaging tax
• OECD report on inheritance taxes
• EC proposed to regulate foreign subsidies
• Queen’s speech 2021
• HMRC manuals updated for Brexit
• HMRC manual update: 14 May 2021
• HMRC guidance: 12 May 2021

Cases

• B Khan v HMRC
• Aozora GMAC Investments v HMRC
• M&M Builders (Norfolk) Ltd v HMRC
• Jupiter Asset Management Group Ltd v HMRC
• Other cases that caught our eye: 13 May 2021

One minute with

• One minute with... John Dunlop