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TAXline: July 2020

In this issue, Angela Clegg provides pointers on the tax measures that businesses should consider following the COVID-19 lockdown, Andy Tall examines changes to the intangible fixed assets regime and Meg Saksida highlights the scope for HMRC to apply discretion on time limits in existing guidance and legislation.

Cover story: Tax advice as lockdown eases
Angela Clegg provides pointers on the tax measures that businesses should consider following the COVID-19 lockdown.

Our cover story is freely available. To access the features below and more exclusive content join the Tax Faculty.

What might the government’s future tax policy look like?
John Endacott shares his thoughts on the government's future tax policy.

HMRC’s discretion on time limits
Meg Saksida highlights the scope for HMRC to apply discretion on time limits, including those already addressed in existing guidance or legislation.

Input tax on legal fees: business or private expense?
Neil Warren considers important cases about input tax and legal fees, also giving tips on the key issues to consider before making a claim.

Changes to the intangible fixed assets regime
Andy Tall of Greenback Alan LLP examines the Spring Budget 2020 changes to the intangible fixed assets regime.

"TAXline
In this issue, Angela Clegg looks at tax measures following the COVID-19 lockdown and Andy Tall examines the intangible fixed assets regime.

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  Practical points Topic
147 Taxpayer found to have acquired UK domicile of choice
Personal taxes
148 COVID-19: Lifetime ISA withdrawal charge reduced to 20%
Personal taxes
149 Pension contributions – transfers of assets
Personal taxes
150  Unauthorised pension payments 
Personal taxes
151 Profit calculations for corporate partners Business taxes
152 Payments for termination of training contracts held to be trading income
Business taxes
153 Derivatives loss denied
Business taxes
154 Corporation tax deduction for lapsed options
Business taxes
155 HMRC relaxes gift aid rules for non-refunded tickets
Business taxes
156 HMRC loses an appeal on the taxation of football referees
Payroll and employers
157  Exemption for reimbursed home office equipment
Payroll and employers
158 Calculating statutory maternity pay
Payroll and employers
159 Deeds of variation
Personal taxes
160 Royal Opera House: dining to Tchaikovsky
VAT and duties
161  VAT disallowance of input tax on debts over six months old
VAT and duties
162 Taxpayer completes victory: VAT recovery on self-build
VAT and duties
163 EU VAT claims and making tax digital
VAT and duties
164 Terminal Markets Order changes required notification
VAT and duties
165 Pension fund management is not insurance
VAT and duties
166 Bingo claim subject to automatic offset
VAT and duties
167 Local subsidiary not automatically an establishment of its parent
VAT and duties
168 FTT publishes forthcoming hearings
Tax administration
169 GAAR panel considers use of Employee Benefit Trusts (EBTs) for family companies 
Tax administration
170 Payments were remuneration not dividends and therefore not void
Tax administration
171 Capital allowances tax avoidance scheme struck down 
Tax administration
172 Film partnership appeal on penalties dismissed
Tax administration
173 Diving activities: Art 14 UK/South Africa treaty
International taxes

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