Issue 1617

Analysis

• The VAT review for May 2023
• Prompt tweaks to the qualifying asset holding companies regime
• LLPs and intangibles: avoiding traps in M&A and intra-group transfers
• The new failure to prevent fraud offence: cheating the public revenue
• Tax Administration and Maintenance Day: report
• TAM Day: high maintenance?

News

• HMRC manual changes: 4 May 2023
• Further consultation on cryptoassets welcomed by CIOT
• HMRC consults on innovative legislation pilots
• Failure to prevent offence passed
• HMRC revises approach to pension lump sum benefits
• RDR1 guidance updated to reflect post-Brexit position
• Income tax exemption for apprenticeship bursaries extended
• VAT groups: notifiable arrangements
• Further requirements for vehicle margin scheme published
• Domestic minimum tax safe harbour on the horizon
• Exchange of financial information extended
• EU Unshell negotiations continue
• New Exchequer Secretary appointed
• HMRC clamping down on tax fraud

Cases

• D McClean and others v A Thornhill KC
• Yorkshire Agricultural Society v HMRC
• T Hextall v HMRC
• Other cases that caught our eye: 5 May 2023

One minute with

• One minute with… John Meehan

Trackers

• HMRC manual changes: 4 May 2023

Reports

• Tax Administration and Maintenance Day: report