Issue 1635

Analysis

• CT deductions for cash cancelled or net-settled share options
• Blurred lines: occupation, profession or vocation?
• The VAT review for October 2023
• Supplementing state aid: the EU Foreign Subsidies Regulation

In brief

• HMRC update their guidance on governance of tax disputes
• Tax and politics
• Beware the unintended consequences of IHT reform
• Currell: another EBT failure

News

• HMRC manual changes: 6 October 2023
• UK tax at a historical high – with corporate tax burden at a 50-year high, says TPA
• Collect data to determine the extent of business rates avoidance, says CIOT
• LBTT relief for Scottish green freeport tax sites
• New agreement on global minimum tax
• Draft legislation for undertaxed profits rule updated
• New remittance basis toolkit for agents
• BEPS MLI: Eswatini, Armenia, Côte d'Ivoire and Serbia
• CIOT recommends a number of safeguards on EOTs and EBTs
• New UT electronic filing directions
• HMRC putting the boot in on UK football

Cases

• Intelligent Money Ltd v HMRC
• The King (oao Royal Surrey NHS Foundation Trust) v HMRC
• Alpha Republic Ltd v HMRC
• Other cases that caught our eye: 6 October 2023

One minute with

• One minute with... Aparna Nathan KC

Trackers

• HMRC manual changes: 6 October 2023