In Skatteverket v David Hedqvist (C-264/14) [2015], the CJEU has decided that bitcoin exchange services are exempt from VAT.

In Peter Silvester v HMRC [2015] TC04682 a farmer was denied sideways loss relief, despite changing his business model. HMRC was entitled to make a discovery assessment on losses, even though losses were reported every year.

What is Base Erosion and Profit Shifting? What is the Multilateral Instrument? When did it come into force? What are the Pillar 1 and 2 projects? What is the Undertaxed Profits Rule? What is the Income Inclusion Rule? What is the Domestic Minimum Tax? Will either of these affect me or my SME clients?

A new clause has been added to the Finance Bill 2015-16. It allows HMRC to deduct a 45% rate of corporation tax on compound interest which has been awarded to a company in respect of a restitution claim.

In a move described by the Chartered Institute of Taxation (CIOT) as a "victory for common sense" HMRC have announced that they are phasing out business records checks (BRCs).