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
Tax analysis: In Cobalt Data Centre 2 LLP and another, the Supreme Court dismissed the taxpayers’ appeal, holding that the two LLPs were not entitled...
Tax analysis: In Tower One St George Wharf, the Upper Tribunal (UT) dismissed the taxpayer’s appeal and found that the First-tier Tax Tribunal (FTT)...
Tax analysis: At the Autumn Budget 2024 on 30 October 2024, it was announced there would be changes regarding who is responsible for pay as you...
This week's edition of Tax weekly highlights includes: (1) the Court of Appeal decision in Refinitiv concerning the interaction between the diverted...
The Supreme Court unanimously dismissed the taxpayers’ argument that the relevant expenditure fell within section 298(1) of the Capital Allowances Act...
Latest Tax Practice Notes
Internationally mobile employees with employment-related securities or securities optionsIntroductionThis Practice Note discusses the taxation of...
Tax position of non-resident trustsFORTHCOMING CHANGE: Abolition of non-dom regime and introduction of residence-based IHT regime.At Autumn Budget...
Offshore receipts in respect of intangible property (ORIP)—6 April 2019 until (and including) 30 December 2024FORTHCOMING CHANGE: As announced at...
Tie breakers—when tax treaties impact on the UK tax residence of companiesEach jurisdiction applies its own domestic law test to determine when a...
Employee benefit trusts—onshore and offshore trusts and tax implicationsFORTHCOMING CHANGE: On 11 March 2024, HM Treasury launched a consultation on...
Latest Tax Precedents
Declaration of trust for the transfer of sharesFORTHCOMING CHANGE: Following a call for evidence in 2020, the resulting outcome published in 2021 and...
Retained EU law—training materials [Archived]ARCHIVED: This Precedent has been archived and is not maintained.These training materials consist of...
Tax warranties—short form1Compliance1.1ReturnsThe Company has duly and properly submitted all [material] computations and returns (including all land...
Share purchase agreement—pro-buyer—corporate seller—conditional—long formThis Agreement is made on [insert day and month] 20[insert...
Salary sacrifice scheme—employee FAQs[For use only where the employee is foregoing salary for the following benefits that retain Tax and/or NICs...
Latest Tax Q&As
Featured Tax content
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...
VAT treatment of parking facilities
VAT treatment of parking facilitiesThis Practice Note is about the VAT treatment of parking facilities.This Practice Note contains references to EU...
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 is an intangible fixed asset?
What is an intangible fixed asset?Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to...
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...
Commercial service charges—VAT implications
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
Amortisation of intangible fixed assets
Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
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....
Taxation of gambling in the UK
Taxation of gambling in the UKCoronavirus (COVID-19): in light of the coronavirus crisis, HMRC has announced a change to the way returns for General...
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...
Tax—Finance Act 2022—progress through Parliament [Archived]
Tax—Finance Act 2022—progress through Parliament [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note...
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...
Transfer pricing and private equity transactions
Transfer pricing and private equity transactionsIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time...
What is a trade for tax purposes?
What is a trade for tax purposes?A company is subject to corporation tax on the profits of its trade or trades in accordance with the rules found in...
Taxation of trading profits—basis, receipts and deductions
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...
Partnerships and VAT
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...
Types of lending
Types of lendingOverdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving...
Ordinary share capital—what it means and why it matters for UK tax purposes
Ordinary share capital—what it means and why it matters for UK tax purposesThe concept of ordinary share capital is important for UK tax purposes....
Associated legal terms
Acquisition
A supply of goods, or a transaction treated as a supply of goods, which involves the removal of goods from one EU member state to another.
Business
The term "business" used in the UK legislation must be construed, as far as possible, to give effect to Directive 2006/112/EC, which uses the terminology "economic activity".
Input tax excluded from credit
Input tax which is incurred in respect of specific goods and services which is not available for credit (VATA 1994, s.25(7).
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