Issue 1629

Analysis

• Reviewing HMRC’s consultation on transfer pricing reform
• International review for July 2023
• HMRC v Part 26A: can you cram the Crown?
• Are retrospective assessments permissible when HMRC didn’t question the tax treatment during prior inspections?
• GE Financial, treaty residence, and the meaning of ‘business’
• OECD pillar talk: Pillar Two looming; Pillar One a step closer
• EU withholding tax: will things move FASTER?
• How to handle R&D enquiries
• In conversation with... Dan Neidle of Tax Policy Associates

In brief

• Self’s assessment: Inheritance tax
• Marano: ‘special circumstances’ in penalty cases
• When does a payment constitute a distribution?

News

• HMRC manual changes: 28 July 2023
• Action required on venture capital schemes, says Treasury Committee
• Treasury Committee calls for systematic review of tax reliefs
• NICs investment zone reliefs for employers
• R&D claim requirements confirmed
• New transfer pricing records requirements
• HMRC issues clarifications on SBAs
• CIOT responds to CIS proposals
• NICs exemption for pension remedy payments
• New guidance on tax refunds for negative earnings
• HMRC takes control of IPT forms
• Reminder of business/non-business test
• UK adopts Pillar Two accounting changes
• Luxembourg ratifies UK double tax convention
• UK agrees social security convention with EEA
• Brazil and San Marino tax agreements given effect
• CIOT urges caution with trials on 'innovative' tax policy
• HMRC consults on tax and occupational health
• CIOT and ATT urge clear, comprehensive guidance on taxation for charities
• HMRC brings in extra tax from investigations
• Government responds to PAC tax compliance report
• Agent Update Issue 110

Cases

• M R Currell Ltd v HMRC
• I Strachan v HMRC
• Sonder Europe Ltd v HMRC
• TP v Administration de l’Enregistrement, des Domaines et de la TVA
• Ebuyer (UK) Ltd v HMRC
• Other cases that caught our eye: 28 July 2023

One minute with

• One minute with... Jessica McLellan

Trackers

• HMRC manual changes: 28 July 2023