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.
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: In HMRC v Boehringer Ingelheim Ltd, the Upper Tribunal (UT) decided that payments made by a supplier to a customer only represented a...
Tax analysis: In HMRC v Colchester Institute Corporation, the Court of Appeal decided that government funding Colchester Institute Corporation (CIC)...
Tax analysis: Following an announcement made at the 2025 Budget, the government has published a consultation on its proposals to significantly expand...
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
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
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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