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Tax weekly highlights—2 July 2020

Tax weekly highlights—2 July 2020
Published on: 02 July 2020
Published by: LexisPSL
  • Tax weekly highlights—2 July 2020
  • In this issue:
  • International
  • HMRC publishes long-awaited DAC 6 guidance
  • OECD invites comments on draft toolkit on tax treaty negotiations
  • OECD issues update on CRS
  • HMRC updates guidance on transparency election for offshore collective investment vehicles
  • Kazakhstan ratifies its BEPS Multilateral Instrument
  • Coronavirus (COVID-19)
  • Treasury issues third Direction on the CJRS and HMRC updates guidance
  • More...

Article summary

This week’s edition of Tax highlights includes: (1) the publication of HMRC’s DAC 6 guidance, (2) the issue of a third Treasury Direction on the Coronavirus Job Retention Scheme (CJRS), (3) the Court of Appeal’s decision in JJ Management LLP that HMRC is entitled to conduct informal investigations into a taxpayer's affairs outside the normal statutory time limits where compliance with requests for information is entirely voluntary, (4) a further new clause for inclusion in Finance Bill 2020 (FB 2020) which provides that a disqualifying event does not occur in relation to an individual as regards enterprise management incentives (EMI) as a result of the individual taking leave, being furloughed or working reduced hours because of the coronavirus (COVID-19) pandemic, and (5) the Chancellor’s announcement that he will deliver a summer economic update on 8 July. or take a trial to read the full analysis.

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