News: October 2012

 Case Report: R & C Commrs v UK Storage Company (SW) Ltd [2012] UKUT 359 (TCC)

 Directors sentenced over hotel VAT fraud

 HMRC Brief 29/12 - Excise duty: increase in restoration fee following the seizure of a road vehicle

 HMRC turning to informers to increase tax revenue

 Legal challenge to HMRCs 20% VAT change on ebooks

 One million child benefit change letters to be sent

 UK arms dealer sentenced for illegal supply of weapons

 HMRC gives tax-free lift to UK Tier 2 instruments

 CFCs and permanent establishments - draft guidance

 Consultation - Devolution of Landfill Tax to the Scottish Parliament

 Dormant companies becoming active for Corporation Tax

 IRS extends FATCA deadlines

 Barclays due in court over Libor swap mis-selling spat

 Lloyds added to global Libor-fixing bank probe

 Accountants criticise HMRC's performance before MPs

 Draft regulations on worldwide debt cap – CFC interaction

 EU to close Luxemburg VAT loophole

 European Court of Justice to assess UK tax anti-avoidance legislation on assets held abroad

 Four years for second Vantis fraudster

 HMRC Notice 204B Commercial importers and tax representatives - EU trade in duty-paid excise goods

 Income tax relief caps will hit small business owners, warn CIOT

 IVSC and IFAC reaffirm MoU on financial reporting

 UK economy leaps out of recession with 1% growth

 Assessing the EU's impact on the UK: a review of the balance of competences

 Case Report: Marcia Willett Ltd [2012] TC 02301

 Case Report: Royal British Legion (Llandough & Leckwith) Club Ltd [2012] TC 02303

 EU Commission backs 10 euro zone countries’ financial transaction tax plan

 Starbucks chief denies tax claims as Costa profits rocket

 UK-Brazil tax information exchange agreement

 Delay for compulsory female board quota vote

 PwC loses BG Group audit in competitive tender

 Case Report: Dreams plc [2012] TC 02290

 Case Report: X NV v Staatssecretaris van Financiën (Case C-498/10)

 Updated guidance on disclosure of Tax Avoidance Schemes (DOTAS)

 CC probe shows audit is a lucrative market

 Chinese audit firms to challenge major players

 EU set for compulsory female board quota debate

 HMRC Notice 700/1 Should I be registered for VAT?

 Draft debt cap regulations on the tax treatment of financing costs and income

 Amazon forces UK publishers pay 20% VAT on ebook sales

 Google in fresh French tax threat

 SMEs are soft target for HMRC in tax crackdown

 eBay dodges £50m UK tax bill

 New Treasury guidance on financial sanctions

 Government to implement all Wheatley’s LIBOR changes

 CC says bundling non-audit services not a barrier

 Mind the tax gap

 Case Report: R & C Commrs v FCE Bank plc [2012] EWCA Civ 1290

 Consultation: Employee owner scheme consultation begins

 HMRC Notice 728 New means of transport

 RSM Tenon in £2m legal spat with K2 tax scheme

 25% of FTSE350 chairman fail to champion corporate governance

 Government to implement all Wheatley’s LIBOR changes

 MPs call for probe into Starbucks’ tax affairs while unions urge boycott

 Latest TDSI (Tax Deduction Scheme for Interest) guidance notes

 HMRC Brief 28/2012 - The Social Security (Categorisation of Earners) Regulations 1978 in relation to lecturers, teachers, instructors or those in a similar capacity

 Deadline looms for paper tax returns

 Corporation Tax on chargeable gains - Indexation Allowance (August)

 HMRC Notice 702/9 VAT: Imports Customs procedures with economic impact and end-use relief

 Starbucks roasted for paying no UK taxes for past three years

 FRC seeks views on bid to improve financial reporting disclosures

 HMRC Notice 733 Flat Rate Scheme for small businesses

 HMRC nets an extra 23% in tax from wealthy “non doms”

 Consultation: How HMRC propose to verify Scotch whisky

 Ex-ICAEW chief calls for regulation of asset-based finance industry

 McLaren wins ruling that £32m spy fine is tax deductible

 PAYE Settlement Agreement payments

 UK's top tax rate cut bucks the global trend

 Case Report: Sub One Ltd (t/a Subway) v R & C Commrs [2012] UKUT 34 TCC

 Financial Transaction Tax to press ahead with 11 EU nations

 HMRC Notice 197 - Excise Goods: receipt into and removal from an excise warehouse of excise goods

 Women rise up as glass ceiling begins to crack

 Case Report: Vogtländische Straßen-, Tief- und Rohrleitungsbau GmbH Rodewisch (VSTR) v Finanzamt Plauen (Case C-587/10)

 Consultation - review of existing legislation on VAT reduced rates

 Lehman Bros. administration spat nears resolution

 PAYE Real Time Information – employers who operate specific PAYE schemes

 Government says no to new “mansion tax”

 Multinationals set to relocate to UK, says E&Y

 Employee-owners to give up employment rights for CGT exemption on shares

 Council tax frozen for third year

 Air tax will 'destroy' UK industry, top plane boss warns

 JJB Sports & Optical Express landlords set to lose millions, says research

 'Despicable' church accountant stole over £500K meant for orphans

 PAC dubs off-payroll schemes as “staggeringly inappropriate”

 Final report on reforming the structure of the EU banking sector published

 Businesses under pressure to breach Bribery Act

 UK business looks to legitimate tax planning

 Draft legislation for the Inheritance Tax (Market Makers and Discount Houses) Regulations 2012

 Case Report: USB AG v R & C Commrs; DB Group Services (UK) Ltd v v R & C Commrs 2012 UKUT 320 (TCC)

 Miliband backs Kay review on City short-termism

 FRC’s annual report reveals highs and lows

 FRC issues Exposure Draft of limited scope amendments to FRED 48 (draft FRS 102)

 Seed Enterprise Investment Scheme (SEIS)

 Jail for £800k VAT fraudster

 FSA to consult on listing rules changes

 VAT Information Sheet 16/12

 Possible changes to income tax rules on interest

 Tenon's film & TV unit sold to Saffrey Champness

 Workplace auto-enrolment pensions start

 Rise in UK businesses tax planning scheme use

 HMRC issues reminder for paper tax returns

 Case Report: Field Fisher Waterhouse LLP v R & C Commrs (Case C-392/11)