Issue 1610

Analysis

• Terminating an acquisition mid-completion
• Partnership tax disputes: referral to the FTT
• How binding are FTT decisions?
• Tax and the City review for March 2023
• Back to basics: Section 165 holdover relief

In brief

• Spring Budget predictions
• The new Brazil treaty

News

• HMRC manual changes: 10 March 2023
• HMRC issues nudge letters for super-deduction
• Economic Crime Levy Regs published in draft
• HMRC extends voluntary NICs deadline
• Treasury Committee questions OTS closure
• Finance Bill expected on 23 March
• Clarifications needed on draft R&D guidance, says CIOT
• HMRC raises ‘cheap loans’ interest rate
• CGT on UK property: paper forms now available
• Class 2 and 3 NICs rates confirmed
• Tax credits amounts increased
• Pension schemes newsletter 147
• VAT: local authority leisure services are not business activities
• HMRC targets VAT value shifting
• HMRC expands electronic communications powers
• Economic Crime Levy returns and fees due in 2023

Cases

• Fenix International Ltd v HMRC
• J Hitchins and others v HMRC
• T Norton and another v HMRC
• Other cases that caught our eye: 10 March 2023

One minute with

• One minute with... Jonathan Shankland

Trackers

• HMRC manual changes: 10 March 2023