IN BRIEF

Could the above decisions result in positive and negative outcomes for the UK travel industry?

More time can be ‘bought’ by changing the company’s accounting period.

To what extent can human judges be replaced by algorithms? 

Don’t panic (but don’t ignore either).

A recent Court of Appeal ruling supports HMRC’s miscellaneous income argument.

With the June 2024 European Parliament elections getting closer, the European Commission is in principle no longer issuing new proposals until after the elections. In parallel, it looks like a number of outstanding tax proposals are in a political limbo with no agreement in sight. The EU’s tax momentum seems to be slowing down – for the time being at least.

Is it possible to unwind the arrangements on the grounds of mistake?

A 'finely balanced' case goes in the taxpayer's favour.

Provisional statutory effect has been given to rules aiming to preserve the status quo.