Issue 1602

Analysis

• Tax and the City review for January 2023
• The Scottish Budget 2023/24
• Consultation on the VAT treatment of fund management services
• What to expect in tax in 2023
• What to expect in tax in 2023
• What to expect in tax in 2023: corporate and international perspective
• What to expect in tax in 2023: the political perspective
• What to expect in tax in 2023: private client perspective
• What to expect in tax in 2023: VAT perspective
• What to expect in tax in 2023: employment tax perspective
• What to expect in tax in 2023: real estate perspective
• What to expect in tax in 2023: tax disputes perspective
• Comment: Why the proposed R&D changes need rethinking

In brief

• Easing the financial pain of train strike travel and accommodation costs
• MTD: pause for thought or radical reboot?
• EU watch: It almost didn’t happen until it did
• Miller's tales: Transactions in securities and counteraction assessments

News

• HMRC manual changes: 13 January 2023
• Making tax digital for income tax delayed until 6 April 2026
• Spring Budget set for 15 March 2023
• OTS reports on hybrid working
• HMRC consults on R&D guidance
• HMRC consults on transfer pricing record-keeping regulations
• New HMRC guidance on ‘associated companies’
• Electricity generator levy draft legislation published
• Interaction of basis period reform and averaging rules
• New guidance on payroll company fraud
• Cryptoassets added to investment transactions list
• Number of new UK non-doms drops 40%
• New VAT penalties and interest regime comes into force
• Changes to option to tax notifications
• Government extends alcohol duty freeze
• OECD consults on removal of digital services taxes
• OECD consults further on global minimum tax
• Register of overseas entities: updated requirements
• UK tax exemptions for multilateral development bank
• EU climate action: provisional agreement on CBAM
• FA 2023 enacted
• Scottish Budget outlines increases to higher rates of income tax
• Welsh draft Budget 2023/24
• SDLT Reduction Bill amended
• HMRC yearly exchange rates published
• Subsidy Control Act 2022 brought fully into force
• HMRC issues further guidance on basis period reform
• Spotlight on disguised remuneration schemes
• Anti-money laundering threshold increased
• Agent Update 103
• HMRC Stakeholder Digest: December 2022
• HMRC’s agent dedicated line restrictions in January 2023
• Leaders urged to resolve NI protocol issues
• HMRC manual changes: 6 January 2023

Cases

• Clipperton and another v HMRC
• J Anderson v PricewaterhouseCoopers (HMRC, third party)
• Mainpay Ltd v HMRC
• K Gordon v The Information Commissioner & HMRC
• P Harris v HMRC
• Thyssenkrupp Materials (UK) Ltd v HMRC
• HMRC v J Wilkes
• Other cases that caught our eye: 13 January 2023

One minute with

• One minute with... Morag Ofili

Trackers

• HMRC manual changes: 13 January 2023
• HMRC manual changes: 6 January 2023