Issue 1646

Analysis

• The Scottish Budget 2024/25: widening the divergence
• Tax in 2024 and beyond
• The move to permanent full expensing
• Failing to sense the mood music: the AG’s opinion in Commission v Ireland and Apple
• Tax and the City review for January 2024

In brief

• eBay et al
• BlueCrest: root and branch

News

• HMRC manual changes: 12 January 2024
• Income tax rates to rise for Scottish taxpayers
• Spring Budget announcement
• UK to introduce carbon border adjustment mechanism
• Devolving powers for a Scottish Building Safety Levy consultation
• NICs (Reduction in Rates) Act 2023 receives royal assent
• Personal taxes rising despite NICs changes
• Remember to report cryptoassets, say HMRC
• Treasury confirms VAT treatment of fund management services
• Public charging point supplies are standard rated
• Plastic packaging tax: April rate increase
• HMRC consult on draft guidance for UK Pillar Two
• OECD publishes new technical guidance on Pillar Two
• Bermuda’s new corporate income tax
• Transparency of land ownership involving trusts consultation
• Welsh government proposes minimal tax changes
• Tax penalties hit record high
• ADR guidance updated for large business
• HMRC publish Agent Update Issue 115

Cases

• BlueCrest Capital Management LP and others v HMRC
• MW High Tech Projects UK Ltd v HMRC
• Realreed Ltd v HMRC
• Bolt Services UK Ltd v HMRC
• Other cases that caught our eye: 12 January 2023

One minute with

• One minute with... Hardeep Soor

Trackers

• HMRC manual changes: 12 January 2024