Tax News

Tax News Highlights - February 2021

In this podcast, Zoe Andrews and Tanja Velling consider the evaluation of HMRC’s implementation of powers, obligations and safeguards introduced since 2012 which was published on 4 February 2021, the review of the UK’s funds regime including the consultation on the tax treatment of asset holding companies in alternative fund structures and the OECD’s updated guidance on tax treaties and the impact of the COVID-19 pandemic. Zoe and Tanja also discuss certain VAT developments, including the First-tier Tribunal decision in Wilmslow, the European Commission’s public consultation on VAT and financial services, and HMRC’s updated guidance on the payment of VAT that was deferred between March and June 2020. They finally touch on the European Commission’s grounds for appealing the General Court’s decision in the Apple state aid case, rumours of measures that may be included in the UK’s March Budget and potential US tax measures.

Tax News Highlights - January 2021

In this podcast, Zoe Andrews and Tanja Velling provide an update on tax aspects of the EU-UK Trade and Co-operation Agreement, OECD guidance on the transfer pricing implications of COVID-19, a House of Lords report giving short shrift to a number of Government proposals and plans to withdraw Revenue and Customs Brief 12/2020 on the VAT treatment of early termination fees and compensation payments. The podcast also covers the Court of Appeal decision in Development Securities on corporate tax residence, and the Upper Tribunal decisions in Gallaher on exit taxes, Stephen Warshaw on the definition of “ordinary share capital” and Embiricos on partial closure notices.

Tax News Highlights - December 2020

In this podcast, Zoe Andrews and Tanja Velling look back over certain 2020 tax news highlights and forward at what 2021 may bring. The podcast covers international tax reform, and certain tax aspects of Brexit and relating to COVID-19. Zoe and Tanja also review three key cases decided in 2020, the Apple state aid case and two UK cases, Newey on VAT and abuse of law, and Fowler on deeming provisions and double tax treaty interpretation, and point to three cases to watch out for in 2021 .

Tax News Highlights - November 2020

In this podcast, Zoe Andrews and Tanja Velling discuss the recent cases, including the First-tier Tribunal decision in Blackrock and the Court of Appeal decision in Total, some good news on VAT recovery and financial services and the draft legislation for Finance Bill 2021 which was published on 12 November 2020, also considering documents published alongside the draft legislation and what its publication is likely to mean for the timing of the publication and enactment of the Finance Bill.

Tax News Highlight: October 2020

In this podcast, Zoe Andrews and Tanja Velling discuss the OECD’s blueprints for international tax reform, points around customs, employee taxation and retained EU and domestic case law after the end of the transition period and the CJEU judgment in the United biscuits VAT case.

Tax news highlights: September 2020

In this podcast, Zoe Andrews and Tanja Velling discuss rumours of UK tax rises, potential changes to the UK’s VAT grouping rules, HMRC’s new policy on the VAT treatment of early termination fees, and the decision in the Irish Bank case on tax treaty interpretation.

Tax news highlights: August 2020

In this podcast, Zoe Andrews and Tanja Velling discuss the status of the OECD's work to address the tax challenges arising from the digitalisation of the economy, two recent High Court cases, HMRC’s ten year strategy and the proposal to modernise the UK’s stamp taxes on shares regime.

Tax news highlights: July 2020

In this podcast, Zoe Andrews and Tanja Velling discuss the Chancellor's Summer Economic Statement and the latest developments in respect of DAC6 and international tax reform.