Issue 1627

Analysis

• Why we’ve revised COP 9: the view from HMRC
• Tax and the City review for July 2023
• What should be done about carried interest?
• Contentious tax: 2023 mid-year review
• PE funds and master holding companies: traps for the unwary

In brief

• Challenging information notices
• Why HMRC’s crypto tax proposals fall short of the mark
• Security for tax

News

• HMRC manual changes: 14 July 2023
• Finance Act received royal assent
• Business rates avoidance consultation
• Voluntary NICs deadline extension formalised
• Horizon scheme top-up payments are exempt from tax
• Removing tax exemptions from private schools would raise £1.3–1.5bn per year, says IFS
• HMRC calls time on alcoholic liquor duties
• UK removes extra CbC notification requirement
• International tax reliefs order corrected
• New guidance on reporting state aid payments
• Late-payment interest rate hits 7.5%
• HMRC extends helpline messages

Cases

• Meades v HMRC
• Illuminate Skin Clinics Ltd v HMRC
• Blue Lagoon Beach Hotel & Co Ltd
• Other cases that caught our eye: 14 July 2023

One minute with

• One minute with... George Gillham

Trackers

• HMRC manual changes: 14 July 2023