Lexis®PSL Tax—resources for banking lawyers
Lexis®PSL Tax—resources for banking lawyers

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Lexis®PSL Tax—resources for banking lawyers
  • Budget 2018—Tax analysis
  • Corporation tax—treatment of loans and derivative contracts
  • Tax issues for borrowers
  • Key tax issues for lenders
  • Debt capital markets
  • Securitisations
  • Private equity
  • Debt restructuring
  • Islamic finance

This Practice Note sets out a selection of key resources from Lexis®PSL Tax which may be helpful to banking lawyers and their clients. The links provided in this Practice Note can only be accessed by subscribers to the Lexis®PSL Tax module. The resources do not constitute a comprehensive list of everything that may be relevant from Lexis®PSL Tax. If further information is required, refer to the full list of materials in the Lexis®PSL Tax module.

Budget 2018—Tax analysis

For a comprehensive review of the key business tax announcements made in the Chancellor’s Budget on 29 October 2018 including a section on the issues which affect the finance markets see News Analysis Budget 2018—Tax analysis and Publication of Finance Bill 2019 and consultations. The Tax—Finance Bill 2019–20 tracker tracks the passage of the legislation through Parliament to its publication as an Act, and highlights key events and documents including published amendments relevant to the progress of the legislation.

Corporation tax—treatment of loans and derivative contracts

Corporation tax—overview

Companies that are tax resident in the UK (including lenders and borrowers) are generally subject to UK corporation tax on their worldwide profits; profits will include both income and capital gains.

Corporation tax is also relevant to companies that are not tax resident in the UK if they carry on a trade in