Home / Tax / Key developments / Weekly highlights

Legal News

Tax weekly highlights—15 April 2021

Copyright © 2025 LexisNexis

Published on: 15 April 2021

Published by a LexisNexis Tax expert

Table of contents

Companies and corporation tax
UT rules on construction of closure notices (Daarasp LLP and Betex LLP)
Finance Bill 2021
Government tables amendments to Finance Bill 2021 clauses on hybrids and SDLT Freeport relief
International
US announces new approach to BEPS 2.0
US outlines Made in America Tax Plan proposals
OECD publishes report on latest international tax developments
Devolution
CIOT and ICAS call for increased awareness of devolved taxes in Scotland

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: (1) the UT’s decision in Daarasp LLP and Betex LLP that HMRC was entitled to argue that the taxpayers did not qualify for capital allowances, and that it was not precluded from doing so by the terms of its closure notices, and (2) amendments to the Finance Bill 2021 clauses on hybrids and SDLT Freeport relief.

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

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

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application