Issue 1553

Analysis

• SPACs in the City: the tax take
• Tax and the City review for November 2021
• Taxation of loan transfers
• The Court of Appeal’s ruling in PGMOL: seven lessons on mutuality of obligation

In brief

• A digital tax by another name?
• Kunjur: no magic access to tax relief
• Miller’s tales: demergers by distribution

News

• HMRC manual changes: 12 November 2021
• HMRC to contact wealthy investors
• Plastic packaging tax consultation
• European Commission appeals Amazon state aid case
• Customs guidance roundup: 12 November 2021
• HMRC Stakeholder Digest: November 2021
• Welsh Government sets out tax priorities
• Finance Bill 2022: next stages
• Recognised stock exchanges
• BEPS framework: Mauritania
• Net zero and green taxes
• Requirements for VAT OSS returns
• IHT reduced reporting requirements
• Protections against pension transfer scams
• Normal minimum pension age
• Businesses warned of serious funding problems unless RLS amended
• CJRS guidance update
• Extended loss carry-back for group companies
• Money laundering: high-risk countries

Cases

• Hargreaves Property Holdings v HMRC
• Little Piece of Paradise Ltd v HMRC
• Mainpay Ltd v HMRC
• Other cases that caught our eye: 12 November 2021

One minute with

• One minute with... Zena Hanks

Trackers

• HMRC manual changes: 12 November 2021