Issue 1555

Analysis

• UK loan structures: changes to the anti-hybrid rules
• Hargreaves: withholding tax on rollover funding under scrutiny
• International review for November 2021
• A welcome return to traditional tax investigations

In brief

• Indirect effects: abuse of process versus exercise of a statutory right
• REIT reform
• Basis period reform: updates since the Finance Bill

News

• HMRC lacks capacity to manage increased levels of tax debt, says NAO
• Stated tax policy making process now largely ignored, says CIOT
• HMRC factsheets: joint and several liability
• Managing Pension Schemes service newsletter
• Tax Administration and Maintenance Day
• Women leaders in tax transparency
• Digital tax reform: ‘significant concern’ over recent lack of business engagement, says BIAC
• Customs guidance roundup: 26 November 2021
• Plastic packaging tax
• Wales to extend LTT higher rates refund period
• VAT: accounting for import VAT
• Tax credits and child benefit
• SDLT1 paper return: freeport tax sites
• Basis period reform: potential administrative burdens, warns ATT
• Updated October 2021 Employer Bulletin
• Agent Update: issue 90
• Umbrella companies: risk of tax avoidance
• Finance Bill 2022: DPT amendments

Cases

• Other cases that caught our eye: 26 November 2021
• Swiss Dawn Consultants Ltd v HMRC
• Quinn (London) Ltd v HMRC

One minute with

• One minute with... Rupert Moyle