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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.

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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.

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Latest Tax Q&As

Q&As
Where trustees hold shares in a company and also hold the title to a UK residential property as a nominee for the company, what are the tax implications of a restructure whereby the company would be wound up and the trustees would simply hold the UK residential property legally and on the terms of the trust?
Q&As
Section 322(4) of the Corporation Tax Act 2009 (CTA 2009) provides that credits related to a debt/equity swap are ignored. Would this be different if the loan was denominated in a foreign currency (and discharged with shares expected to be equivalent in value). Normally, credits and debits are brought into account under the loan relationship rules for forex gains and losses at the end of an accounting period or on repayment of the loan. However, does CTA 2009, s 322(4) prevent this from happening where the loan is discharged for shares?
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Party A obtained advice from an accountant eight years ago. The accountant did not explain the tax implications of putting a property in trust. Party A has just found this out when they sold the property and had to pay a large sum in tax. Given the time that has passed since having been given the advice, is Party A still able to claim, and, if so, what cause of action could they take? The accountant did not make a negligent misstatement, he was simply silent on the tax matter. Could it also be a Consumer Act claim?
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What is retained EU law?
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In the context of Brexit, what is meant by the ‘transition or implementation period’?
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Associated legal terms

Entrepreneurs’ relief

A capital gains tax relief (also called ER) to encourage individuals to set up and expand their own businesses. Where conditions are satisfied, a reduced rate of capital gains tax applies to the sale of certain business assets but there is a lifetime limit per individual.

Prescribed accounting period

The period by reference to which a taxable person is required to account for and pay tax.

Zero-rate

Supplies (but not acquisitions or importations) are said to be zero-rated if they are relieved by legislation from a charge to tax.
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