The following Tax practice note Produced in partnership with Martin Scammell provides comprehensive and up to date legal information covering:
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for Tax?
This Practice Note is about the VAT treatment of storage facilities.
The provision of storage facilities became generally subject to VAT from 1 October 2012, but most businesses affected by the change did not realise this, because HMRC and the government long persisted in describing the measure as about ‘self-storage’.
In practice, the issue often goes unidentified even now, while HMRC has appeared to show little interest in the matter, other than in relation to actual self-storage operators.
Since, in HMRC’s view, taxation applies by reference to the actual use of premises, not their intended use, landlords ought to monitor their tenant’s activities and/or to insert additional clauses in leases and licences so that they know where taxation applies.
Landlords need take no action if a letting is taxable anyway, for example because of an option to
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This Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international perspective and includes some comparative examples from other
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
The right to notice means a right for the employee to remain in employment for the period of notice, not simply to be paid for it. An employer will therefore often include in the contract an express right to make a payment in lieu of notice ('PILON') as an alternative to giving notice, to ensure
A declaratory judgment is a judgment identifying the rights, duties or obligations of one or more parties in a dispute. It is legally binding, but does not order any action by a party. A court may issue it alone or in conjunction with some other relief such as an injunction and can be granted on an
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