Tax weekly highlights—1 April 2021

Published on: 01 April 2021

Published by: LexisPSL

Tax weekly highlights—1 April 2021
In this issue:
VAT
Supreme Court rules that sale and leaseback did not trigger VAT charge (Balhousie Holdings Ltd v HMRC)
Court of Justice rules on the extent of the exemption for insurance (Q-GmbH v Finanzamt Z)
European Commission publishes guide to VAT One Stop Shop
HMRC updates guidance on new points-based late submission penalties
International
OECD invites comments on changes to commentaries on Article 9 of the OECD Model Tax Convention
OECD publishes jurisdiction profiles for arbitration under the MLI

More...

US announces next steps in UK digital services tax investigation
European Council provides update on digital levy
Committee agrees new UN Model Tax Convention article on automated digital services
European Commission refers UK to Court of Justice over recovery of Gibraltar State aid
Taxes management and litigation
HMRC updates address for the service of legal proceedings on HMRC
Coronavirus (COVID-19)
HMRC updates CJRS guidance on making a claim and employee training
Brexit
HM Treasury concludes technical negotiations on EU Memorandum of Understanding on financial services
HMRC publishes letters to VAT-registered businesses on the new rules for importing and exporting goods to the EU
Draft Finance Bill 2020
Finance Bill to have second reading on 13 April 2021
Daily and weekly news alerts
New and updated content
News Analysis
New Precedents
Updated Practice Notes
Dates for your diary
Trackers
Case Tracker
Consultation Tracker
HMRC Manual Tracker
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Article summary

This week’s edition of Tax highlights includes: (1) the Supreme Court’s judgment in Balhousie Holdings Ltd v HMRC that a sale and leaseback was not the disposal of the taxpayer’s ‘entire interest’ in a care home, and (2) the Court of Justice’s decision in Q-GmbH v Finanzamt Z that product licensing services are not within the scope of the VAT exemption for insurance and reinsurance intermediary transactions. Sign in or take a trial to read the full analysis.