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.
The Courts and Tribunals Judiciary has published the outcome of the Remote Participation Review, with a suite of new guidance on remote participation...
This week's edition of Tax weekly highlights includes: (1) publication of a new HMRC manual containing guidance on mandatory tax adviser registration,...
Tax analysis: In HMRC v Healthspan Ltd, the Upper Tribunal (UT) allowed HMRC’s appeal relating to the extent to which a supplier of food supplements...
Tax analysis: In Bagshaw Limited v Revenue Scotland, the Tax Chamber of the First-tier Tribunal for Scotland (Scottish FTT) allowed the taxpayer’s...
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...
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
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)
Capital gains—intra-group asset transfersCompanies which form a group for capital gains purposes are able to transfer assets to one another free of corporation tax on chargeable gains.Each company is a separate legal person for tax purposes meaning that, in the absence of a special rule, an
Section 198 and 199 elections on transactions involving real estateFORTHCOMING CHANGE: At Spring Budget 2024, the previous Conservative government confirmed that it will publish draft capital allowances legislation for consultation to seek views on a potential extension of full expensing (ie the
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