Issue 1689

Analysis

• The tractor tax
• A third route to exit: tax consequences of continuation fund transactions
• The Foreign Income and Gains regime: employer considerations
• Dealing with non-resident CGT issues on transactions
• Insuring M&A tax risks: practical considerations for buyers
• The VAT review for December 2024

In brief

• A tale of two businesses
• Pension ‘megafund’ reforms: how does tax fit in?
• VAT on livestream events
• Time for a replacement wealth tax?

News

• HMRC manual changes: 6 December 2024
• Exchequer Secretary committed to MTD timetable following ‘robust’ conversations with HMRC
• MTD: catching up with digital records
• No new side hustle tax, HMRC confirm
• Commission closes Fiat, Amazon and Starbucks investigations
• OECD publishes tax transparency reports
• Finance Bill 2025 moves to committee stages
• CIOT comments on Autumn 2024 Budget tax measures
• HMRC publish PISCES update
• Various HMRC reminders
• HMRC extend application waiting times
• Customs guidance roundup

Cases

• Stage One Creative Services Ltd v HMRC
• R Grint v HMRC
• L v HMRC
• Other cases that caught our eye: 6 December 2024

One minute with

• One minute with... Anthony Newgrosh

Trackers

• HMRC manual changes: 6 December 2024