Issue 1609

Analysis

• Earn-outs in M&A transactions: working hard for capital treatment?
• Ask an expert: Offshore trusts and trustee borrowing
• The VAT review for March 2023
• Tax, politics and the next general election
• Untangling the tax spaghetti bowl: a look back at the OTS

In brief

• HMRC’s LSS manual
• GAAR opinions and appeals

News

• HMRC manual changes: 3 March 2023
• Businesses give Windsor Framework a cautious welcome
• Professional bodies urge chancellor to improve HMRC service levels
• Windsor Framework potential tax impact
• No case for Budget tax cuts
• New advisory fuel rates published
• HMRC publishes 2023/24 rates for employers
• Self-assessment penalty reminder
• Tax exemptions introduced for Post Office compensation payments
• Basis period reform ignored for tax credits purposes
• VAT treatment of digital newspapers did not evolve over time
• First VAT periods subject to new penalties
• Review of recent SDLT cases
• HMRC’s latest Stakeholder Digest

Cases

• News Corp UK & Ireland Ltd v HMRC
• O Olufote v HMRC
• Paradise Wildlife Park Ltd v HMRC
• Dr S Rizvi v HMRC
• Other cases that caught our eye 3 March 2023

One minute with

• One minute with... Helen Adams

Trackers

• HMRC manual changes: 3 March 2023

Ask an expert

• Ask an expert: Offshore trusts and trustee borrowing