Q&As

Comprehend the law and how it impacts your clients. Q&As shine a light on common issues

Legal Research

Q&As
Should UK income tax be withheld from royalty payments made by a UK company to a UK charity?As noted in Practice Note: Withholding tax on royalties,...
16th Jul
Q&As
Can a company which is wholly owned by a trust be appointed as a trustee of that trust?This Q&A assumes that:•the company is incorporated under...
15th Jul
Q&As
If a trust’s sole asset is shares in a private company, how can expenses of the trust be paid without the trustees receiving a dividend, or borrowing...
15th Jul
Q&As
What information do you have concerning the execution of guarantees by trustees?For the purposes of this Q&A it is assumed that:•the trust in question...
15th Jul
Q&As
How does the inclusion of a freehold property which has not been opted to tax affect the sale of a business as a TOGC?There are several conditions...
13th Jul
Q&As
Can a tenancy at will be a transfer of a going concern (TOGC)?A TOGC is a ‘transfer of a going concern’. In order for there to be a TOGC, there must...
13th Jul
Q&As
Is VAT chargeable on the sale of a business where the seller is not registered for VAT?UK value added tax (VAT) is chargeable on a transaction where a...
13th Jul
Q&As
When transferring properties which have waived the exemption to tax which make up a property investment business of a deceased to beneficiaries for no...
13th Jul
Q&As
What is the amount of penalty for late payment of a scheme sanction charge assessment, with statutory authorities?Under section 239 of the Finance Act...
2nd Jul
Q&As
How does one complete a share purchase transaction in a timely manner when an option holder is being transferred shares following the exercise of...
30th Jun
Q&As
What (if any) capital allowances elections can be entered into on the surrender of a lease to a landlord? Is there any way to transmit capital...
30th Jun
Q&As
How should I adapt your precedent ‘capital allowances clauses—property sale contract’ where the figure to be pooled by the seller and claimed by the...
30th Jun
Q&As
Is a licence of intellectual property by an Australian company to a UK private individual subject to UK VAT?In order to assess whether a cross-border...
28th Jun
Q&As
Does a non-UK entity need to have a UK bank account in order to register for VAT in the UK and recover input tax?We are not aware that there is a...
28th Jun
Q&As
What is the impact of Brexit on the VAT and Customs status of cross-border supplies of goods?As with most aspects of Brexit, we are yet to ascertain...
Produced in partnership with Andrew Rimmer of BVC Associates Ltd 28th Jun
Q&As
A UK company (company A) sells goods to another UK company (company B). The goods are shipped from the warehouse of company A in Germany. What VAT...
28th Jun
Q&As
Will the VAT Directive still be relevant for UK taxpayers once the Brexit implementation period is over?In order to answer this question it is...
28th Jun
Q&As
In the context of Brexit, what is meant by the ‘transition or implementation period’?The term ‘transition or implementation period’ is used in the...
28th Jun

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