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Tax weekly highlights—9 August 2018

Published on: 09 August 2018
Published by: LexisPSL
  • Tax weekly highlights—9 August 2018
  • In this issue:
  • Individuals and income tax
  • HMRC wins another sideways loss relief case (Thomson, Worsfold & Mungavin v HMRC)
  • No income tax relief for loans that were capital in nature (Jamie White v HMRC)
  • Taxes management and litigation
  • Rates of interest paid by and to HMRC and the devolved tax authorities
  • International
  • Crown Dependencies consult on substance requirements for companies
  • Amazon appeals against Luxembourg state aid decision
  • More...

Article summary

This week’s edition of Tax highlights includes: (1) The First-tier Tax Tribunal’s decision in the Thomson case on sideways loss relief, (2) changes to HMRC’s and the devolved tax authorities’ interest rates to reflect the Bank of England rate rise and (3) consultations by Jersey, Guernsey and the Isle of Man on the introduction of substance requirements for companies that are tax resident in those jurisdictions. or take a trial to read the full analysis.

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