Issue 1574

Analysis

• A guide to Finance Act 2022
• Basis period reform
• Notification of uncertain tax treatment regime
• 20 questions on QAHCs

In brief

• The war against promoters
• Trading income: the basis period changes
• Uncertain tax treatment rules

News

• HMRC manual changes: 6 May 2022
• HMRC raises extra £2bn from transfer pricing investigations
• New securitisation companies tax regulations
• HMRC’s latest Stakeholder Digest
• New Treasury fraud squad
• FTT guidance on oral evidence from abroad
• OECD and cryptoasset reporting
• Extractives exclusion under pillar one amount A
• UN launches 2021 model tax convention
• Automatic exchange of information extended
• Taking over responsibility for PPT
• HMRC to issue electronic certificates of status
• Loans secured on foreign income
• Income tax exemptions for major sporting events
• ‘Retained’ securitisation arrangements regulations
• New securitisation companies tax regulations

Cases

• Kickabout Productions v HMRC
• S McCumiskey v HMRC
• WTGIL Ltd v HMRC
• HMRC v Atholl House Productions
• Other cases that caught our eye: 6 May 2022

One minute with

• One minute with... James Meakin

Trackers

• HMRC manual changes: 6 May 2022