Issue 1517

Analysis

• Colchester: when is supply a ‘supply of services for consideration’?
• Back to basics: Employee ownership trusts
• International review for January 2021
• EU freedoms in cross-border transactions
• The UK asset holding company regime: what’s proposed

In brief

• The case for a one-off wealth tax
• VAT and the sharing economy
• Rialas: transfer of assets abroad

News

• HMRC manual changes: 29 January 2021
• HMRC abandons retrospective change on VAT and early termination payments
• UK funds regime review
• SEISS ‘could easily’ be extended, says IFS
• Job retention scheme direction
• LLPs: insolvency measures
• Deferred VAT: correcting errors
• IR35 changes from April 2021
• Employer bulletin: Brexit special edition
• Freeports Q&A
• Roundup of customs news
• Customs tariffs documents
• Gibraltar to curtail DAC reporting
• Updated OECD guidance on tax treaties and covid-19
• Transfer pricing documentation guidance
• EU list of non-cooperative tax jurisdictions
• Late-filing penalty relaxation
• Scottish Budget
• HMRC holds onto Eclipse payments

Cases

• Heavyinstall
• GM v Finanzamt Saarbrücken
• Bentley v HMRC
• Other cases that caught our eye: 29 January 2021

One minute with

• One minute with... Hilary Barclay