Companies

Issue 48 of Agent Update, HMRC’s bi-monthly news roundup for tax advisers, is now available.

Items include confirmation that the Revenue has updated 15 out of its 20 toolkits, with the remaining five to be revamped over the next few months. The toolkits cover the 400 most common errors that HMRC see in returns filed by tax advisers.

Peninsular & Oriental Steam Navigation Company v CRC, Upper Tribunal

Dividend waivers in a holding company and subsidiary and tax liabilities

What are the implications of the omission of perfume from stock figures?

Abbey National Treasury Services plc & another (TC4424)

Implications of an inter-company loan being written off

Margaret Hodge’s legacy as chair of the Public Accounts Committee

Next Brand Ltd (TC4368)

Gemsupa Ltd & another (TC4302)

How will the government’s ‘one nation’ approach apply to tax?

Tax transparency is becoming the norm, but many companies do not yet have systems or resources in place to meet new requirements, according to a study from accountancy giant EY.

Leekes Ltd and corporate loss streaming