Issue 1585

Analysis

• Special report: legislation day 2022
• Tax considerations for funds investing in distressed debt
• One Call and information notices: do you possess the power?
• The art of writing a tax judgment
• What is and is not a ‘business’ for VAT purposes?
• International review for July 2022

In brief

• CGT changes: good news for separating spouses
• Pillar two: L-day developments
• HMRC's consultation on data collection
• QAHC changes: further refinements
• No safe havens: next steps in helping taxpayers get offshore tax right

News

• Employment status review: 'not the right time to overhaul rights and tax framework', says government
• Call for evidence on tax reliefs
• Zahawi’s ‘threatening letters’
• GAAR panel delivers first opinion in favour of taxpayer
• Financial Services and Markets Bill published
• CIOT urges greater clarity around service of SDLT documents
• Automatic sign-up for MTD for VAT
• New approach to overseas online marketplace traders
• HMRC publishes VAT partial exemption framework for NHS
• UK increases import duty on Russian goods
• UK and Guernsey sign MOU on arbitration procedure
• Legislation day consultations published
• OTS recommends overarching principle of tax simplification
• Professional bodies urge consistent definition of cryptoassets
• Public interest business protection tax returns
• Agent Update: issue 98
• HMRC Stakeholder Digest: 20 July 2022

Cases

• HMRC v BlackRock Holdco 5 LLC
• Other cases that caught our eye: 29 July 2022
• HMRC v Hyrax Resourcing Ltd

One minute with

• One minute with... Claire Weeks

Trackers

• HMRC manual changes: 29 July 2022