Issue 1577

Analysis

• The Court of Appeal’s guidance on IR35 employment status
• JTI Acquisition: the FTT casts a wide net on unallowable purpose
• Capital allowances reform: assessing the options to encourage greater private sector investment
• International review for May 2022

In brief

• Hexagon: the interplay between damages and loan relationships
• Expenses: the wholly and exclusively test
• EU watch: pillar two, regulating tax advice and DEBRA Directive
• Self's assessment: Tax and the cost of living crisis

News

• Chancellor announces energy profits levy on oil and gas profits
• HMRC manual changes: 27 May 2022
• R&D payment delays as HMRC investigates irregular claims
• OST should not fund relief to retail rates, says CIOT
• HMRC consults on removing a sunset clause from hybrids rules
• Latest on BEPS
• Reporting rules for digital platforms
• Agent update: issue 96
• New practice direction on case allocation in the FTT
• Uzbekistan joins global forum
• Simplified customs declarations process not always efficient, says CIOT
• VAT treatment of passenger transport
• VAT groups: goods moved from GB to NI
• Updated guidance on moving goods from GB to NI
• HMRC updates VAT fraud reporting requirements
• Job retention scheme: recovery of overpayments
• Investment manager exemption: cryptoassets
• CT increase likely to hit UK competitiveness

Cases

• Hoey and others v HMRC
• HBOS and Lloyds Banking Group v HMRC
• HMRC v Smartpay Ltd and another
• Other cases that caught our eye: 27 May 2022

One minute with

• One minute with... Jonathan Stuart-Smith

Trackers

• HMRC manual changes: 27 May 2022