Issue 1560

Analysis

• Turning theory into practice: implementing pillar two in the UK
• Profit recognition under GloBE and domestic rules: it’s all in the timing
• R&D tax policy: trapped between destinations
• Ask an expert: IR35/PE risks when engaging contractors overseas
• Private client review for January 2022

In brief

• Time for a fresh look at VAT on food and drink
• Avoiding penalties: Portview Fit-Out
• EU watch

News

• HMRC manual changes: 21 January 2022
• HMRC launches technical consultation on uncertain tax treatment
• Corporate re-domiciliation regime is helpful but government shouldn’t lose focus on UK tax competitiveness, says CIOT
• Further guidance on self-assessment penalties
• CGT overpayments on property
• VAT penalty reform delayed
• VAT group registration applications
• Welsh Revenue Authority guidance on tax avoidance and evasion
• Declaring covid grants on tax returns
• Self-employment income support scheme
• Stamp Taxes Newsletter: January 2022
• Pension schemes newsletter 136

Cases

• Other cases that caught our eye 21 January 2022
• Zipvit Ltd v HMRC
• R (oao Sibley) v HMRC
• Embiricos v HMRC

One minute with

• One minute with... Pascal Saint-Amans

Trackers

• HMRC manual changes: 21 January 2022

Ask an expert

• Ask an expert: IR35/PE risks when engaging contractors overseas