Issue 1566

Analysis

• What next for the OTS?
• Getting closure in transfer pricing and DPT enquiries
• HMRC’s trust registration service: changes for employee trusts
• Public interest business protection tax
• Urenco: plant and machinery allowances
• The VAT review for March 2022

In brief

• Miller’s tales: multiple completion share buybacks
• Offshore borrowing: the collateral trap for remittance basis users
• Wildin: income tax, VAT and penalties

News

• HMRC consults on online sales tax
• OTS publishes new simplification papers
• HMRC’s tax investigation yield increases to £30.8bn
• Property buyers beware of possible increase in costs and complexity, warns ATT
• Notification of uncertain tax treatments: HMRC's final guidance
• Economic Crime Bills and sanctions
• National Insurance Contributions Bill
• EU updates its ‘grey list’
• OECD updates transfer pricing country profiles
• Tax relief for maintenance payments
• SSP rebate scheme to end
• Transferring IHT nil-rate band
• Advisory fuel rates: March 2022
• New guidance on freeports NICs relief
• VAT appeal updates
• Consultations on pillar one
• Umbrella company market response
• Updated plastic packaging tax guidance
• Reclaiming withheld tax on PPI interest
• HMRC Stakeholder Digest
• Pension schemes newsletter 137
• HMRC manual changes: 4 March 2022

Cases

• Hyman v HMRC
• Royal Bank of Canada v HMRC
• DuoDecad Kft
• J Hargreaves v HMRC
• Other cases that caught our eye: 4 March 2022

One minute with

• One minute with... Francis Fitzpatrick QC

Trackers

• HMRC manual changes: 4 March 2022