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.
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.
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.
When you need to delve deeper, Lexis®PSL 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.
This week's edition of Tax weekly highlights includes: (1) the Supreme Court decision in Zipvit confirming that no VAT recovery was available on...
Tax analysis: In Beard v HMRC, the First-tier Tax Tribunal (FTT) decided that payments debited from a capital account, such as a share premium...
Tax analysis: In Hexagon Properties Ltd, the First-tier Tax Tribunal (FTT) decided that the release of £3.5m of debt owed by the company to a bank was...
Tax analysis: In Zipvit v HMRC, the Supreme Court had previously made a reference to the Court of Justice as to whether a trader could recover VAT on...
This week's edition of Tax weekly highlights includes: (1) news analysis on the FTT decision in JTI, (2) the OECD publishing comments it has received...
Scotland: Land and buildings transaction tax (LBTT)—administration and complianceThe background to land and buildings transactions tax (LBTT) is set...
Fraudulent evasion of VATOffence of fraudulent evasion of VATIt is an offence under section 72(1) of the Value Added Tax Act 1994 (VATA 1994) if any...
VAT and pension scheme costsSTOP PRESS: On 5 May 2022 in Intelligent Money Ltd v Revenue and Customs Commissioners [2022] UKFTT 148 (TC), the...
R&D reliefs—meaning of R&DFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
Freeports in England—tax featuresThis Practice Note is about the tax rules applying to freeports in England.There is no agreed definition of a...
Asset purchase agreement—long form—conditional (buyer’s version)This Agreement is made on [insert day and month] 20[insert year]Parties1[insert name...
Share purchase agreement—pro-buyer—corporate seller—conditional—long formThis Agreement is made on [insert day and month] 20[insert...
Loan note instrument—takeover—loan note alternativeThis Loan Note Instrument is made on [insert day and month] 20[insert year]by1[insert name of...
Loan note instrument—private M&A—share purchaseThis Instrument is dated [insert date] 20[insert year]Parties1[Insert name of issuing company]...
Loan note instrument—buyout—managers£[insert number][insert rate]% [subordinated ]redeemable loan notes20[insert year][insert name of Issuer]This...
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...
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
Tax incentives for individuals investing in AIM companiesVarious tax incentives are available to individuals investing in unlisted shares and...
Partnerships and VATA general partnership is treated, for VAT purposes, as though it were a separate taxable person.This note is about:•the nature of...
Partnership lossesThis Practice Note is about the calculation and use of losses (other than capital losses) made by general partnerships, limited...
Capital gains for connected personsThe capital gains legislation includes specific provisions for persons who are connected with one another. These...
Taxation of trading profits—basis, receipts and deductionsOnce a company has established that it has a trade (for which see Practice Note: What is a...
Directive for administrative cooperation in the field of taxation (DAC)—FAQsWhat is the directive for administrative cooperation (DAC)?In 2011, the...
Taxation of general partnershipsThis Practice Note is about the tax treatment of a general partnership formed under English law (as opposed to a...
Disguised investment management fee rulesThis Practice Note describes the tax code applicable to fund managers—the disguised investment management fee...
Wales: Land transaction tax (LTT)—particular transactions and taxpayersLand transaction tax (LTT) replaced stamp duty land tax (SDLT) in Wales with...
SDLT—notifiable transactionsThis Practice Note considers the steps to take in relation to SDLT once it is established there is a chargeable...
Non-statutory clearancesCoronavirus (COVID-19): HMRC are unable to accept non-statutory clearance applications made by post due to COVID-19....
What is interest?Interest is an important concept in UK tax law. Specifically, an obligation to withhold UK income tax applies to payments of certain...
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
Tax controversy—Japan—Q&A guideThis Practice Note contains a jurisdiction-specific Q&A guide to tax controversy in Japan published as part of the...
What is a rights issue?This practice note explains what a rights issue is.For more information on the corporate law aspects of rights issues,...
Execution, in the context of contracts, is the means by which a party enters into a contract or deed by sealing or signing it, and by doing so gives it effect in law. It can be done in some cases by electronic means.
An offer of new shares or other securities to existing shareholders in proportion (or pro rata) to their existing shareholdings in the company. A rights issue is one way for a company to raise equity capital and is also referred to as a type of pre-emptive offer.
An insurer, its employees or agents, who consider an insurance proposal form and decides whether to accept a risk, the terms of the policy and calculate the premium, based on the information provided by the insured or potential insurer.
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