Tax weekly highlights—26 October 2023

Article summary

This week's edition of Tax weekly highlights includes: (1) the Supreme Court’s decision that a share option was an employment-related securities option by virtue of a deeming provision in Vermilion Holdings Ltd, (2) the FTT’s decision in JPMorgan Chase Bank that services supplied within investment banking group was single composite supply subject to VAT, (3) the FTT’s decision that a partially chocolate covered biscuit was standard-rated for VAT purposes, and (4) the publication of a new HMRC policy paper on the interpretation of VAT and excise law.