Issue 1586

Analysis

• UK implementation of Pillar Two: where are we now?
• Back to basics on managed services companies
• Purpose-based rules: have we hit BlackRock-bottom?
• The VAT review for September 2022
• Ask an expert: NRCGT rebasing

In brief

• BlackRock: the transfer pricing aspects
• Curtis on discovery assessments
• What does the Inflation Reduction Act mean for US implementation of Pillar Two?
• Priory London: ATED late filing penalties

News

• HMRC manual changes: 2 September 2022
• CIR returns and notices
• UK and ITV appeal state aid judgment
• CIOT advice for incoming PM
• HMRC to target offshore companies owning UK property
• OECD publishes comments on amount A
• New HMRC guidance on MTD for income tax
• Spotlight on umbrella companies
• FTT publishes updated guidance on oral evidence from abroad
• ICAEW challenges HMRC’s view on electric cars
• HMRC reviews guidance on sharing trust information with third parties
• HMRC increases interest rates
• OTS to review hybrid and distance working
• HMRC publishes Q&As on CJRS errors
• Register of overseas entities brought into force

Cases

• HMRC v K Murphy
• The Towards Zero Foundation v HMRC
• HMRC v Euromoney Institutional Investor plc
• E.ON UK plc v HMRC

One minute with

• One minute with... Dave Murray

Trackers

• HMRC manual changes: 2 September 2022

Ask an expert

• Ask an expert: NRCGT rebasing