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.
Tax analysis: In HMRC v BlueCrest Capital Management (UK) LLP, the Supreme Court considered whether the salaried members provisions in Income Tax...
Tax analysis: In Compound Photonics Group Ltd v HMRC, the First-tier Tax Tribunal (FTT) held that the appellant’s VAT group ceased carrying on...
This week's edition of Tax weekly highlights includes: (1) the Supreme Court’s decision in BlueCrest Capital Management (UK) LLP, (2) News Analysis on...
Law360, London: A senior barrister accused of evading almost £2 million in tax was motivated by a 'sense of intellectual superiority' and sought to...
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
When would preference shares fall under the shares as debt rules and hence the dividend payments would fall to be taxed as debt as opposed to qualifying for the corporation tax exemption for dividend payments?The ‘shares as debt’ rules applied to shares held by companies up until 21 April 2009 (for
Is there any guidance as to the appropriateness of defining ‘Control’ as either (a) in accordance with section 1124 of the Corporation Tax Act 2010, or as (b) the beneficial ownership of more than 50% of the issued share capital of a company or the legal power to direct or cause the direction of the
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some (but not all) capital expenditure. They are effectively a standardised tax-deductible version of depreciation or amortisation broadly intended to
0330 161 1234