Tax weekly highlights—14 July 2022

Table of contents

• Business tax
• Energy (Oil and Gas) Profits Levy Bill progresses through Parliament
• FTT analyses salaried members rules (Bluecrest Capital Management (UK) LLP v HMRC)
• Court of Appeal looks at care home valuations (HMRC v Denning and others)
• CIOT responds that stability and simplicity are key to reforming the UK’s capital allowance regime
• HMRC publishes latest Stakeholder Digest
• International
• OECD sets out ‘more realistic’ Pillar One timetable and provides progress report on Amount A of Pillar One
• European Commission consults on proposals to address enablers of tax evasion and aggressive tax planning
• Anti-avoidance

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Article summary

This week's edition of Tax weekly highlights includes: (1) the progress of the Energy (Oil and Gas) Profits Levy Bill through Parliament, (2) the FTT’s decision on the salaried members rules in Bluecrest Capital Management and (3) the OECD setting a ‘more realistic’ Pillar One timetable and providing a progress report on the consultation on Amount A.