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Tax weekly highlights—16 January 2020

Tax weekly highlights—16 January 2020
Published on: 16 January 2020
Published by: LexisPSL
  • Tax weekly highlights—16 January 2020
  • In this issue:
  • International
  • Final regulations made to implement DAC 6
  • HMRC amends international manual for new policy not to impose late payment interest on intra-EU payments where treaty clearance relating to reduced withholding tax granted after payment made
  • UK/Belgium DTT modified by MLI
  • Employment taxes
  • High Court decides loan charge is compatible with human rights (R (oao Cartref) v HMRC)
  • Employment earnings: spread-betting profits (Root 2 Tax Ltd v HMRC)
  • HMRC updates guidance on reporting ERS schemes
  • More...

Article summary

This week’s edition of Tax highlights includes: (1) regulations laid before Parliament to implement DAC 6, (2) the High Court decision in Cartref that the loan charge is compatible with human rights (3) the UT’s decision in Hansard that the FTT had erred in law in declaring late filing penalties invalid, (4) HMRC’s rewritten guidance on FA 2003, s 75A, (5) the FTT’s decision in Melford that the general partner of a limited partnership was entitled to recover VAT on the costs it incurred setting up and operating an investment structure, and (6) the FTT’s decision in Root 2 that Tax Ltd that payments made under spread-betting contracts and associated hedging options gave rise to earnings from employment. or take a trial to read the full analysis.

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