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) analysis of the FTT’s decision in Uber London Ltd granting HMRC an unconditional stay in...
Private Client analysis: This case addresses whether a company’s purchase of shares from a majority shareholder qualified for capital gains tax...
Tax analysis: In Uber London Ltd v HMRC, the First-tier Tax Tribunal (FTT) granted HMRC an unconditional stay in proceedings regarding the VAT...
Tax analysis: In Saunders v HMRC, the Upper Tribunal (UT) dismissed a non-UK resident taxpayer’s appeal against the First-tier Tax Tribunal’s (FTT)...
Tax analysis: In TSI Instruments v HMRC, the First-tier Tax Tribunal (FTT) denied recovery of import VAT as input tax, holding that only the owner of...
Latest Tax Practice Notes
Tax—consolidated HMRC Manuals trackerThis Practice Note is a consolidated version of the HMRC Manuals tracker that appears each week in the Tax weekly...
Apprenticeship levyThis Practice Note sets out the details of the apprenticeship levy, which is payable by certain employers at a rate of 0.5% of the...
Umbrella companies—tax implicationsFORTHCOMING CHANGE: following a 2021 call for evidence and a 2023 consultation, it was announced at Autumn Budget...
Wales: Land transaction tax (LTT)—particular transactions and taxpayersLand transaction tax (LTT) replaced stamp duty land tax (SDLT) in Wales with...
HMRC's powers of PAYE tax recovery from an employeeIn most circumstances, the pay as you earn (PAYE) rules require an employer to deduct tax and...
Latest Tax Precedents
Settlement agreement (employment)—indicative tax treatment and post-employment notice pay (PENP) calculation without prejudice and subject to...
Settlement agreement (employment) (short form)This Agreement is made on [insert date]Parties1[Insert Employer’s name] whose registered office is at...
Settlement agreement (employment)This Agreement is made on [insert date or leave date blank] Parties1[Insert Employer’s name] whose registered office...
Salary sacrifice scheme—employee FAQs[For use only where the employee is foregoing salary for the following benefits that retain Tax and/or NICs...
Asset purchase agreement—pro-buyer—corporate seller—conditional—long formThis Agreement is made on [insert day and month] 20[insert...
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
Repo
An arrangement which involves the sale of securities and the subsequent purchase of those or similar securities and which equates, in substance, to a transaction for the lending of money at interest from or to a company with the securities which were sold as collateral for the loan.
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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