How veganism can support wellness in the workplace
In recognition of November being World Vegan Month.
Increasingly, companies are growing to understand and engage with the multiple benefits that a healthy diet such as veganism can bring to their businesses. Big names endorsing the practice of abstaining from the use of animal products include IBM, Qualcomm, PwC, Caterpillar, General Electric, Volkswagen, Google, Facebook and Dropbox, all of whom have embraced employee-led vegan initiatives in their workplaces with positive results.
Companies report that the greatest benefit is the improved health and wellbeing of their employees. Veganism has been linked to lower BMI, blood pressure and cholesterol, all of which reduce the risks of cardiovascular disease, cancer and Type Two Diabetes among other damaging or potentially fatal diseases.
The practice has also been shown to have a positive impact on mental health through improved mood and reduced anxiety because of the absence of arachidonic acid in a meat-free diet. Arachidonic acid is an inflammatory omega-6 fatty acid found in animal products.
The improved physical and mental health of employees has wide-ranging benefits for businesses. These include a reduced number of sick days, increased productivity and lower insurance and health care expenses, all of which cut company costs and increase profitability.
The focus on wellbeing goes beyond the bottom line; increasingly potential employees and clients are attracted to businesses that follow inclusive, environmentally friendly and sustainable practices. Veganism not only promotes animal welfare, it can also diminish an individual’s carbon footprint by up to 73%. This means a significant reduction in greenhouse gas emissions, which decreases air pollution, a significant contributor to climate change. A reduction in the amount of land used for agricultural purposes would decrease the threat to endangered species of wildlife.
Forward looking firms are those supporting and encouraging these kinds of employee-led initiatives, as they are concurrently helping their employees, their businesses, and the environment.
At JHA we are committed to supporting the wellness of our employees by supporting and encouraging positive diet and lifestyle choices.
An Assessment to Tax is never ‘stale’, but it might be out of date: HMRC v Tooth
This article briefly discusses the key points arising out of the decision of the UK Supreme Court in HMRC v Tooth  UKSC 17. The case considered (1) whether a discovery assessment could become “stale” and (2) the meaning of the phrase “deliberate inaccuracy”.
VATA 1994 s.47, Agency, Onward Supply Relief, & Double Taxation
On 12 July 2021, the First-tier Tribunal (Tax Chamber) (“FTT”) released its decision in Scanwell Logistics (UK) Limited v HMRC  UKFTT 261 (TC), rejecting the taxpayer’s claim for onward supply relief (“OSR”).
Whilst OSR is now limited, post-Brexit, to goods imported into Northern Ireland for onward supply to the EU, the FTT’s discussion of agency under section 47 of the Value Added Tax Act 1994 (“VATA”) is of broader interest.
The case serves as a reminder of the significant financial consequences that can result from errors in tax planning, as Scanwell was ultimately held liable for £5.7 million in unpaid import VAT despite the fact that the imported goods almost immediately left the UK (which, if properly planned, could have meant Scanwell was relieved from liability to import VAT).
Draft Finance Bill 2022—tax avoidance measures
Helen McGhee, senior associate at Joseph Hage Aaronson LLP, considers the draft Finance Bill 2022 clauses published on 20 July 2021 in relation to tax avoidance and recent updates to the tax avoidance regime.
Getting Closer: A Global Minimum Tax on Corporations
On 1 July 2021, US Treasury Secretary Janet Yellen announced that countries representing over 90% of global GDP had agreed to a global minimum tax on corporations (“GMCT”). The GMCT seeks to put a floor on tax competition on corporate income through the introduction of a minimum corporate tax of at least 15%. Whilst certain elements give rise to positive expectations, some caveats should be noted. Much will depend on (1) the outcome of future political negotiations and (2) the detail of the drafting at international and national levels.
The DBKAG & K (CJEU) decision: an opportunity for investment funds?
On 17 June 2021, the European Court decided the joint cases K (C-58/20) and DBKAG (C-59/20) regarding whether the supply of certain services constituted the “management of special investment funds”, benefiting from the VAT exemption enshrined in Article 135(1)(g) of Council Directive 2006/112/EC.