contents Foreword – Tax teasers 01 Lindsey Wicks provides a flavour of changes including direct recovery of debts, changes to the annual investment allowance limit and pension flexibility. 1. Broadcasting , telecommunication and electronic services – a practical review of new VAT rules taking effect on 1 January 2015 Neil Warren takes a practical look at the changes to the VAT place of supply rules. 13 2. Changes and proposals affecting the taxation of high-value residential property 27 Andrew Cockman considers the changes to the taxation of high-value residential property together with the proposal to extend the scope of UK capital gains tax to the disposal by non-residents of UK residential property. 3. Charity tax developments Paul Bater gives a comprehensive update covering what you need to know about the taxation of charities. 39 4. Digital strategy Paul Aplin considers the digital developments that are driving fundamental change in the mechanics of tax compliance. 63 5. Discovery and reasonable excuse Peter Vaines considers the various challenges to these key provisions. 75 6. Inheritance tax: a changing landscape Andrew Cockman looks at the changes introduced in Finance Act 2014 and considers the implications of the proposals for further change. 87 7. International tax developments: Europe and the rest of the world Peter Cussons and Ian Young report on the Organisation for Economic Co-operation and Development (OECD) base erosion profit shifting (BEPS) action plan as it reaches the half way mark and consider international issues including recent cases from the European Court of Justice. 97 8. National Insurance contributions David Heaton takes a look at the employment allowance and the new rules for offshore and onshore intermediaries. ii 109 TAXline TAX PLANNING 9. Practical case studies for owner-managers 123 Peter Rayney illustrates some of the many topical issues that are currently being encountered by owner-managers, looking at three separate case studies. 10.Share scheme developments 139 Philip Fisher looks at the numerous changes in the world of employment-related securities introduced by Finance Act 2014. 11.Stamp duty land tax Sharon McKie looks at the implications of the case of Project Blue v HMRC [2013] UKFTT 378 (TC). 151 12.Tax Avoidance – the latest instalment Frank Haskew provides an in depth review of the latest developments in the tax avoidance debate. 167 13.Taxation of partnerships Pete Miller looks at the new rules for salaried members of limited liability partnerships together with the new rules for mixed partnerships. 191 14.The impact of changes to UK financial reporting Pippa Booth, Kip Linton and Caroline Amor consider the changes taking place to UK financial reporting and their tax implications. 203 15.Universal credit, tax credits and tax-free childcare Robin Williamson provides an update on the latest developments in this area. 217 Table of cases 233 Table of statutes 237 Table of Statutory Instruments 245 Table of European and International Legislation 247 Index 249 Contents iii