Issue 1583

Analysis

• New windfall tax on the UK oil and gas sector
• Private client review for July 2022
• The new chancellor's in-tray is bulging with bad news and hard challenges
• When are public bodies acting under a special legal regime?
• The new Luxembourg/UK double tax treaty
• UK consultation on sovereign immunity from direct taxation

In brief

• Lessons from BlueCrest
• Promises, promises

News

• HMRC manual changes: 15 July 2022
• Tax takes centre stage among leadership hopefuls
• Corporate interest restriction docs to be submitted electronically
• Energy (Oil and Gas) Profits Levy Bill published
• OECD sets out ‘more realistic’ pillar one timetable
• OECD consultation: progress report on amount A of pillar one
• Commission consults on enablers of tax evasion
• Facilitation of tax evasion cases remain low
• Ecclestone’s tax affairs under scrutiny
• CIOT questions effectiveness of land remediation relief
• New list of gilt-edged securities
• HMRC updates DOTAS guidance to reflect new powers
• HMRC Stakeholder Digests

Cases

• BlueCrest Capital Management (UK) LLP v HMRC
• Other cases that caught our eye: 15 July 2022
• HMRC v Denning and others
• Alan Parry Productions Ltd v HMRC

One minute with

• One minute with... Marvin Rust

Trackers

• HMRC manual changes: 15 July 2022