Issue 1593

Analysis

• Big, bold, brash – and busted?
• Emergency unravelling of the Growth Plan
• Are EU state aid challenges by competitors always a ‘nuclear option’?
• Investment reliefs and the risk to capital condition: what do the first tribunal cases tell us?
• Private client review for October 2022

In brief

• How to draft intragroup loans post-BlackRock to avoid transfer pricing problems
• Quantifying distributions
• The ‘mini-Budget’ reversals: the view from the IFS

News

• HMRC manual changes: 22 October 2022
• NI Assembly consults on devolution of fiscal powers
• HMRC reports increase in employee whistleblowers
• HMRC Stakeholder Digest
• Update to UK-India tax treaty
• Luxembourg Convention given effect
• Cash accounting not available for reverse charge supplies
• HMRC updates guidance on plastic packaging tax
• Pensions dashboard powers brought into force
• NHS pensions easements extended
• HMRC updates PAYE for agents online guidance
• CIOT highlights data-gathering concerns
• Chancellor reverses mini-Budget tax measures

Cases

• O Fundusz Inwestycyjny Zamknięty reprezentowany przez O S.A
• Asertis Ltd v Heathcote & Anor
• DCM (Optical Holdings) Ltd v HMRC
• Other cases that caught our eye: 21 October 2022

One minute with

• One minute with... Serena Lee

Trackers

• HMRC manual changes: 22 October 2022