Navigating the complexities of taxation for companies and corporations is crucial for ensuring compliance and optimising financial strategy. Stay on top of the latest regulations, understand key legislative changes, and discover practical approaches to managing corporate tax affairs effectively. Access expert insights tailored for legal practitioners who deal with the intricate landscape of company taxation, enabling you to provide precise and informed counsel to your clients.
Pensions analysis: The Pensions Ombudsman has rejected a complaint about the return of a winding-up lump sum. Martin Scott of gunnercooke LLP looks at...
This week's edition of Tax weekly highlights includes: (1) a reminder that 6 April is the start of a new tax year and also the commencement date for...
Tax analysis: Following an announcement made at the 2025 Budget, the government has published a consultation on its proposals to significantly expand...
Tax analysis: In HMRC v Colchester Institute Corporation, the Court of Appeal decided that government funding Colchester Institute Corporation (CIC)...
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) enables a borrower to apply for and...
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...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Taxation of derivatives—chargeable gains basis rulesThe general rule, as explained in Practice Note: Taxation of derivatives—the main rules, is that the profits and losses arising to a company from its derivative contracts are (like the profits and losses from its loan relationships) brought into
Capital allowances and connected personsProvisions exist to ensure, generally, that assets may not be transferred between connected persons in such a way as to accelerate capital allowances by means of the annual investment allowance or first-year allowances, or in such a way as to artificially
Qualifying charitable donations and excess management expensesAll companies within the charge to corporation tax can deduct qualifying charitable donations (QCDs) from their total profits, after all other deductions have been made (other than group relief and group relief for carried-forward losses)
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