BRITISH TAX REVIEW

Table of Contents Issue 4 2021

Issue 4 2021

Table of Contents

Current Notes

  • Fiscal subsidy control in the post-Brexit era (part 2) - Philip Baker
  • Inheritance tax: a future? - Emma Chamberlain

Finance Act 2021 Notes

  • Editorial: Finance Act 2021 - Gary Richards
  • Section 6: charge and main rate for financial years 2022 and 2023; Section 8: increase in the rate of diverted profits tax - Stuart Adam
  • Section 7: small profits rate chargeable on companies from 1 April 2023: Schedule 1: small profits rate for non-ring fence profits - Lynne Oats
  • Sections 9-14: capital allowances: super-deductions etc - Andrew Harper
  • Section 15: extension of temporary increase in annual investment allowance - Andrew Harper
  • Section 18 and Schedule 2: temporary extension of periods to which trade losses may be carried back - Rhiannon Kinghall Were
  • Section 21: workers' services provided through intermediaries; Section 22: payments on termination of employment - Glen Loutzenhiser
  • Section 28: freezing the standard lifetime allowance; Section 29: collective money purchase benefits; Schedule 5: pension schemes: collective money purchase benefits - Paul Brice
  • Section 34: repeal of provisions relating to the Interest and Royalties Directive - Timothy Lyons
  • Section 36 and Schedule 7: hybrid and other mismatches - Leopoldo Parada
  • Section 37: relief for losses etc; Schedule 8: relief from corporation tax for losses and other amounts - Sarah Squires
  • Section 38: corporate interest restriction: minor amendments - Sarah Squires
  • Section 41: hold-over relief for foreign-controlled companies - Emma Chamberlain
  • Sections 42-85 and Schedules 9-15: plastic packaging tax - Alice Pirlot
  • Section 88 and Schedule 16: SDLT: increased rates for non-resident transactions - Michael Thomas
  • Section 92: extension of temporary 5% reduced rate for hospitality and tourism sectors; Section 93: temporary 12.5% reduced rate for hospitality and tourism sectors - Eddy H.F. Tam
  • Section 94: extending digital record-keeping for VAT purposes to all businesses - Dilpreet K. Dhanoa
  • Section 112: repeal of carbon emissions tax - Alice Pirlot
  • Sections 113-115 and Schedules 22 and 23: freeports - Glen Loutzenhiser
  • Sections 116-120 and Schedules 24-29: penalties and interest - Max Schofield
  • Sections 121-124 and Schedules 30-32: avoidance - Simon Skinner and Hugh Brooks
  • Section 126: financial institution notices - Kunal Nathwani
  • Section 129: international arrangements for exchanging information on the gig economy - Daisy Ogembo
  • Sections 132-134: banking - Richard Collier

Case Notes

  • Luxembourg v European Commission; Amazon EU Sàrl and Amazon.com Inc v European Commission: the issue of competence again - Timothy Lyons
  • Hurstwood Properties (A) Limited v Rossendale Borough Council: is the ice getting thin around business rates avoidance schemes? - Kevin Winters
  • Perlman v HMRC: curiouser and Curaçao - Keith Gordon
  • HMRC v Wellcome Trust Ltd: to reverse charge or not to reverse charge? - Dilpreet K. Dhanoa

Book Reviews

  • Information Rights: A Practitioner's Guide to Data Protection, Freedom of Information & Other Information Rights, 5th edn (Bloomsbury Professional, 2020), by P. Coppel - Laurent Sykes
  • Tax Expenditures and Environmental Policy (Edward Elgar, 2020), by Hope Ashiabor - Alice Pirlot

Table of Contents Issue 3 2021

Issue 3 2021

Table of Contents

Current Notes

  • Reflections on capital gains tax and some comments on the Office of Tax Simplification Capital Gains Tax - second report - David Collison

Case Notes

  • Balhousie Holdings Limited v HMRC: one step closer to the proper UK VAT treatment of financial sale and leaseback...or is it? - Etienne Wong
  • HMRC v SSE Generation Limited: the procedural importance of the protective assessment - Rebecca Sheldon
  • Cairn Energy Plc and Cairn UK Holdings Private Limited v The Republic of India: retroactive tax legislation when it ceases to meet the fair and equitable treatment standard - Aditya Vora

Articles

  • Tax Reforms for Africa to Achieve the UN Sustainable Development Goals in the Post-COVID-19 Economic Fallout - Annet Wanyana Oguttu
  • VAT Compliance Burdens in the OECD and China - Yan Xu and Richard Krever

Book Reviews

  • International and EU Tax Multilateralism: Challenges Raised by the MLI (IBFD, 2020), by Ana Paula Dourado (ed.) - Christiana HJI Panayi
  • Research Handbook on International Taxation (Edward Elgar, 2020), by Yariv Brauner (ed.) - Christiana HJI Panayi
  • Research Handbook on European Union Taxation Law (Edward Elgar, 2020), by Christiana HJI Panayi, Werner Haslehner and Edoardo Traversa (eds) - Jérôme Monsenego
  • Removing Tax Barriers to China's Belt and Road Initiative (Wolters Kluwer, 2018), by Michael Lang and Jeffrey Owens (eds) - Bernard Schneider

    Table of Contents Issue 2 2021

    Issue 2 2021

    Table of Contents

    Current Notes

    • What will the 2021 Budget do for corporate investment? - Michael Devereux
    • Should loss carry-back provisions be extended? - İrem Güçeri
    • Regressive stamp duty land tax relief - Karolis Matikonis and Oliver G. Kayas
    • The Office of Tax Simplification's 2020 first report on capital gains tax - Glen Loutzenhiser
    • The Trust Registration Service: the next iteration of the regime - Isobel Morton and Iskra Doukova
    • The impact of digitalisation on personal income taxes - Rita de la Feria and Giorgia Maffini

    Case Notes

    • HMRC v London Clubs Management Ltd: gamblers gamble with money, not chips - Alexander Kanishchev
    • Deluxe Property Holdings Ltd v SCL Construction Ltd: VAT repayment on trust - Max Schofield
    • VolkerRail Plant Ltd v HMRC: resolving the tension in non-conforming provisions? - Dilpreet K. Dhanoa

    Articles

    • The Rise of Inequality and the Fall of Tax Equity: A Call for a Non-Ideal Distributive Tax Theory - Ilan Benshalom
    • Boz Among the Radicals: Charles Dickens and Tax Reform - Stephen Utz

    Book Reviews

    • The Allocation of Multinational Business Income: Reassessing the Formulary Apportionment Option (Kluwer Law International, 2020), by R. Krever and F. Vaillancourt (eds) - Stjepan Gadžo
    • A Fair Share of Tax-A Fiscal Anthropology of Contemporary Sweden (Palgrave MacMillan, 2018), by Lotta Björklund Larsen - Yvette Lind
    • Literature and Inequality: Nine Perspectives from the Napoleonic Era through the First Gilded Age (Anthem Press, 2020), by Daniel N. Shaviro - Robert Appelbaum

    Table of Contents Issue 1 2021

    Issue 1 2021

    Table of Contents

    Current Note

    • Some observations on the tax-related provisions in the EU-UK Trade and Cooperation Agreement - Alice Pirlot
    • Fiscal subsidy control in the post-Brexit era - Philip Baker
    • The EU-UK Trade and Cooperation Agreement: a new world with new rules - Timothy Lyons
    • Australia's proposal to reform company tax residence: legal fictions approaching truth? - Miranda Stewart

    • Case Notes

      • Irish Bank Resolution Corporation Limited (In Special Liquidation) v The Commissioners for Her Majesty's Revenue and Customs: is it permissible to use a hypothetical balance sheet in computing branch profits? - Jonathan Peacock
      • Revenue and Customs Commissioners v Development Securities Plc: seeing the Wood (v Holden) for the trees - John Avery Jones
      • Sonaecom SGPS SA v Autoridade Tributária e Aduaneira: linking upstream input tax credit to downstream taxable supplies: a postscript - Geoffrey Morse
      • Financial Reporting Council Ltd v Frasers Group Plc (formerly Sports Direct International Plc): the importance of establishing the dominant purpose - Rebecca Sheldon

      Articles