About Tax Law
In corporate tax, there’s no hiding. An opinion won’t cut it, unless it’s backed up by authority. And in such a complex, ever-changing area there’s no room for mistakes.
VAT
Content written by the author of the leading textbook in this area and includes several sector specific Practice Notes. It links directly to Tolley’s Orange Tax Handbook, Tax Journal and key text De Voil.
Finance
Excellent practical content for loans, derivatives and debt capital markets. The content links directly to Tolley’s Yellow Tax Handbook, Simon’s Taxes, Tolley annuals, Tax Journal and key text Ghosh Johnson and Miller.
Taxes management and litigation
This is an area where many people find themselves a bit at sea. Our content is practical, detailed and covers the major issues in dealing with a tax enquiry or dispute.
Trusted tax tests
When you need to delve deeper, Lexis+® Tax links you to trusted tax texts, including Tolley’s Yellow and Orange Tax Handbooks, Simon’s Taxes, Sergeant and Sims, De Voil, Tax Journal and Taxation.
Topics We Cover
Latest Tax News
Pensions analysis: Mr Trachtenburg (‘A’) appealed against the decision of the FTT, upholding HMRC’s assessments under section 29 of the Taxes...
Tax analysis: In Currys Retail Ltd, the First-tier Tax Tribunal (FTT) dismissed the taxpayer’s appeal against a degrouping charge (under section 179...
This week's edition of Tax weekly highlights includes: (1) a reminder that Legislation Day will be on 21 July, (2) News Analysis of the Court of...
Tax analysis: In Dolphin Drilling Ltd, the taxpayer chartered a vessel from an associated foreign company in order to provide support services to an...
HM Revenue and Customs (HMRC) has published details of research and analysis examining the implementation and impact of post-Brexit trade and customs...
Latest Tax Practice Notes
Electronic working and CE-File—how to use CE-FileNOTE: the CE-File pilot is due to expire on 1 November 2025. The Civil Procedure Rules Committee has...
Capital allowances and company reconstructionsWhere a transfer of assets (as opposed to a transfer of shares) results in the transfer of a trade or...
Contributions in respect of expenditure on plant and machineryThe Capital Allowances Act 2001 contains provisions to ensure that one person cannot...
CGT—business asset disposal relief (formerly entrepreneurs' relief)Business asset disposal relief (BADR), which was called entrepreneurs' relief for...
Stamp duty and SDRT on the sale of certificated registered UK sharesFORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares...
Latest Tax Precedents
Option 1—contract signed on behalf of an overseas company, where the authorised signatory is an individual Signed by [insert name...
Option 1—contract signed by an individual general partner ...
Definitions Deferred SDLT has the meaning as set out in clause [insert number] HMRC Her Majesty’s Revenue and...
Pro forma index to authorities bundle for a tax tribunal caseTC/[insert year]/[insert case number]In the first tier tribunal(Tax chamber)Between:[Name...
IR35—the large and public client off-payroll regime—private sector client size information[To be set out on client’s headed notepaper or with client’s...
Latest Tax Q&As
Featured Tax content
VAT treatment of damages and compensation payments
VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
The double taxation treaty passport scheme (DTTP scheme)
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What are capital allowances and capital expenditure?
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
If the words ‘exclusive of VAT’ are omitted from the definition of annual rent, but there is a VAT clause stating: ‘Where this lease requires the tenant to pay or provide any amount in respect of a VAT supply to the tenant...that amount will be deemed to be exclusive of VAT...and the tenant shall pay a sum equal to that VAT’, will this be sufficient to charge the tenant VAT? Is there any case law in this area?
Direct tax treatment of damages and compensation payments
Direct tax treatment of damages and compensation paymentsWhere a dispute is brought to an end by a payment of damages or compensation, whether under a...
Residential service charges—VAT implications
Residential service charges—VAT implicationsThis Practice Note is about the VAT treatment of residential service charges.Service charges payable to...
Commercial service charges—VAT implications
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
Taxation of UK LLPs
Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
Qualifying charitable donations and excess management expenses
Qualifying charitable donations and excess management expensesAll companies within the charge to corporation tax can deduct qualifying charitable...
Amortisation of intangible fixed assets
Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
The Budget and Finance Bill process
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
Tax treatment of reorganisations of share capital
Tax treatment of reorganisations of share capitalThis Practice Note is about the meaning of a reorganisation for tax purposes, and the tax treatment...
Capital gains—intra-group asset transfers
Capital gains—intra-group asset transfersCompanies which form a group for capital gains purposes are able to transfer assets to one another free of...
VAT treatment of intermediaries, agents and disbursements
VAT treatment of intermediaries, agents and disbursementsFor VAT purposes, an intermediary is a person who makes arrangements for, or facilitates, a...
Taxation of private equity funds—the investors
How are investors in a private equity fund taxed on their share of the profits?This Practice Note sets out how the investors in a typical UK private...
Tax and offshore funds—what is an offshore fund?
Taxation of offshore funds—what is an offshore fund?Background to the offshore funds rulesSpecific tax legislation dealing with offshore funds was...
Partnerships and capital gains
Partnerships and capital gainsThis Practice Note is about the capital gains tax and corporation tax on chargeable gains treatment of UK general...
Tax considerations on a loan agreement—the tax gross up clause
Tax considerations on a loan agreement—the tax gross up clauseIt is standard market practice for loan agreements (also known as facility agreements),...
Associated legal terms
Dwelling
A dwelling includes: • a building or part of a building which is used or suitable for use as a single dwelling or is in the process of being constructed or adapted for such use • gardens and grounds • land which subsists for the benefit of the dwelling • off plan purchases where the building has not yet been constructed
Pay As You Earn
A pay as you earn system under which employers or pension providers make certain deductions from an employee’s or pensioner’s income including for liability to income tax and insurance-contributions-'>National Insurance contributions.
The GAAR
A general anti-abuse rule that counteracts tax advantages arising from abusive tax arrangements. It takes priority over other UK tax legislation and works in addition to specific anti-avoidance rules.
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