Issue 1626

Analysis

• Beneficial entitlement in Hargreaves: is Indofood now part of UK domestic law?
• Incentivising fund managers: carried interest v growth shares
• The VAT review for July 2023
• In conversation with... Alan Evans, HMRC’s general counsel
• Pillar Two: compatibility of the UTPR with double tax treaties

In brief

• Stamp duty on share issues

News

• HMRC manual changes: 7 July 2023
• Lords vote to widen proposed failure to prevent offence
• HMRC’s R&D tax relief crackdown is deterring genuine claims, CIOT warns
• Finance Bill
• Retained EU law bill receives royal assent
• Submitting an economic crime levy return: new guidance
• Pension schemes newsletter confirms clarification of tax treatment of stand-alone lump sums
• HMRC response to SA helpline temporary closure ‘isn’t good enough’, says Treasury Committee
• One stop shop scheme notice
• Improving customs and UK border procedures
• Northern Ireland duty reimbursement scheme
• CIOT supports proposals for a new single tax on securities
• £50m tax scheme fraud revealed by Tax Policy Associates
• Digitalisation is best way to improve the efficiency of the tax system, says CIOT

Cases

• GE Financial Investments v HMRC
• Civic Environmental Systems Ltd v HMRC
• Cabot Plastics Belgium SA v État belge
• Other cases that caught our eye: 7 July 2023

One minute with

• One minute with... Joshua Carey

Trackers

• HMRC manual changes: 7 July 2023