Home / Tax / Key developments / Weekly highlights

Legal News

Lexis®PSL Tax weekly highlights—19 May 2016

Copyright © 2025 LexisNexis

Published on: 19 May 2016

Published by a LexisNexis Tax expert

Table of contents

Further consultation on tax deductibility of corporate interest expense
Headlines (News updates & analysis)
Devolution: new Finance Secretary for Scotland
Queen's Speech 2016: Bills with tax implications
Employment tax: HMRC updates guidance on employee shareholder shares
Tax compliance: making tax digital consultations postponed until after EU referendum
Transparency: UK government publishes PSC guidance and an updated list of countries that will share ownership information
Tax policy: Office of Tax Simplification consults on its high-level strategy and publishes terms of reference for two new reviews
International: Six new countries sign up to automatic exchange of country-by-country reports
International: European Parliament votes in favour of CbCR for multinationals

More sections of this document available when you sign-in to Lexis+ or register for a free trial.

Article summary

This week’s edition of Tax highlights includes the publication of a consultation document providing more details on the restrictions to the tax deductibility of corporate interest expenditure that are expected to come into effect from 1 April 2017.

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an