Issue 1616

Analysis

• Pension planning after the Budget
• The first year allowance (or full expensing)
• IR35: two media cases with different outcomes
• International review for April 2023
• Mitchell: taxpayer confidentiality and a crisis of confidence?
• Getting closure: the FTT’s approach in Hitchins

In brief

• Share losses
• Incentivising the senior workforce
• Pension changes: what’s the impact on employee group life cover?

News

• VAT portal to close for annual filers
• UK annual tax receipts hit record high with 9.9% increase
• HMRC manual changes: 28 April 2023
• LITRG report on the importance of effective guidance
• HMRC revises draft R&D guidance
• Merged R&D scheme called into question
• Data suggests low engagement with CbC reporting
• HMRC Trusts and Estates Newsletter: April 2023
• New VAT fuel scale charge table published
• EU approves carbon border tax
• Kyrgyzstan tax treaty enters into force
• Finance Bill Committee dates
• Updated guidance on reporting trust discrepancies
• Agent Update: Issue 107
• New advance valuation ruling service coming soon
• Employer Bulletin: April 2023

Cases

• Sports Invest UK Ltd v HMRC
• Innate-Essence Ltd (t/a The Turmeric Co) v HMRC
• Asset House Piccadilly Ltd v HMRC
• Other cases that caught our eye: 28 April 2023

One minute with

• One minute with… Matthew Durward-Thomas

Trackers

• HMRC manual changes: 28 April 2023