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
This week's edition of Tax weekly highlights includes: (1) news analysis of the First-tier Tax Tribunal’s decision in Victoria Oil & Gas plc v HMRC,...
Tax analysis: In Victoria Oil & Gas plc v HMRC, the First-Tier Tax Tribunal (FTT) allowed the appeal in part. It decided that, in principle, Victoria...
Tax analysis: In HMRC v British Airways plc, the Upper Tribunal (UT) dismissed HMRC’s appeal, holding that mandatory hotel stays provided to cabin...
HMRC has updated its guidance on applying for an agent services account to state that approved anti-money laundering supervision must be in place...
This week's edition of Tax weekly highlights includes: (1) analysis of the Upper Tribunal’s decision in Jumpman Gaming concerning remote gaming duty...
Latest Tax Practice Notes
This Practice Note provides an introduction to umbrella companies, which are entities that are usually associated with employing workers for the...
Determining whether an employment-related security exists is a crucial step in determining whether the specific (and sometimes punitive) income tax...
A specific set of income tax rules (contained in Chapter 5 of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003)) applies to...
The UK’s formal withdrawal from the EU took effect at 11 pm on 31 January 2020 (exit day). At this point, the withdrawal period under Article 50 TEU...
Updated in December 2025IntroductionThe UK has been one of the favoured locations for global businesses to set up their first base in Europe. The UK...
Latest Tax Precedents
Filed on behalf of the [insert party eg [Claimant OR Appellant] or [Defendant OR Respondents]]Number of witness statement: [insert eg first]Date:...
This Agreement is made on [insert date or leave date blank] Parties1[Insert Employer’s name] whose registered office is at [insert Employer’s...
This Agreement is made on [insert date]Parties1[Insert Employer’s name] whose registered office is at [insert Employer’s address], company...
1Deductions from payments and indemnity for tax deductions1.1[Subject to anything to the contrary in this Agreement,] the Company shall make all...
1Definitions and interpretation1.1In this Agreement, unless the context otherwise requires the following expressions shall have the following...
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
Charitable contribution
A charitable contribution is a payment or transfer of money, property or assets made to a charity or other qualifying body for charitable purposes, with no significant benefit received in return by the donor. In legal practice, it commonly arises in charity law, tax, trusts and estate planning, corporate social responsibility and fundraising regulation.
In England and Wales, Scotland and Northern Ireland, the concept aligns with “charitable donations” to organisations recognised as charities under the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and corresponding Northern Ireland legislation. In Ireland, it broadly corresponds to donations to “approved bodies” and registered charities under the Taxes Consolidation Act 1997 and the Charities Act 2009.
Whether a payment is a charitable contribution can determine eligibility for income tax relief, corporation tax deductions, gift aid, inheritance tax exemptions and reliefs for gifts in wills or trusts. Key issues include the donor’s intention, the charitable status of the recipient, whether any benefit to the donor is incidental, and compliance with regulatory and reporting obligations on charities and corporate donors. Usage is broadly consistent across the UK and Ireland, though the detailed tax and regulatory regimes differ by jurisdiction.
Indexation allowance
An allowance applicable to corporation tax liabilities in respect of chargeable gains, which seeks to compensate the taxpayer for the effects of inflation.
MTIC fraud
Missing trader intra-community (MTIC) fraud is a form of VAT evasion that involves the trader who is liable for an amount of VAT going missing or hiding behind a false identity such that the VAT due cannot be recovered.
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