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) the Supreme Court judgment dismissing Hotel la Tour’s appeal, (2) the Court of Appeal in...
The Supreme Court has unanimously dismissed the appeal by Hotel La Tour Ltd (HLT) against HMRC, holding that VAT on professional fees incurred to...
Tax analysis: In Hotel La Tour, the Supreme Court decided that Hotel La Tour (HLT) was not entitled to recover VAT on transaction costs, finding in...
Tax analysis: At Budget 2025, the government announced that when it expires, the energy profits levy (EPL) will be replaced by the oil and gas price...
Tax analysis: Following the decisions in Delinian Ltd (formerly Euromoney Institutional Investor plc) v HMRC and Wilkinson v HMRC legislation is being...
Latest Tax Practice Notes
Admission to AIM—requirementsA company applying for admission to trading on AIM (AIM admission) must meet the requirements of the AIM Rules for...
Key UK tax rates, thresholds and allowancesThis Practice Note sets out the key UK tax rates, thresholds and allowances. This Practice Note is intended...
Tax—consultation and legislation trackerThis Tax tracker shows the current status of, and developments on, consultations (both formal and informal)...
VAT tripartite supplies—third party considerationUK VAT is charged on a supply of goods or services made (or treated as made) in the UK at a rate of,...
Property income—the income tax chargeSTOP PRESS: Clauses 6 and 7 of the Finance Bill 2026 (as introduced) introduce a new rate of income tax for...
Latest Tax Precedents
Application letter—deferral of SDLT on contingent or uncertain consideration[To be printed on headed notepaper of applicant including full contact...
Clearance letter—statutory demergerStop Press: Clauses 37 and 38 of the Finance Bill (as introduced) amend the anti-avoidance rules that apply to...
Clearance letter—TCGA 1992, ss 138 and 139(5), ITA 2007, s 701 and CTA 2010, s 748Stop Press: Clauses 37 and 38 of the Finance Bill (as introduced)...
Declaration of trust for the transfer of sharesFORTHCOMING CHANGE: Following a call for evidence in 2020, the resulting outcome published in 2021,...
Share 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
Distribution
In the Corporation Tax Acts (CTAs) "distribution" means anything falling within of CTA 2010, s 1000.
Supply
The Value Added Tax Act 1994, s.5(2)(a) provides that supply "includes all forms of supply".
VAT group
Two or more companies established in the UK, or having a fixed establishment in the UK, are eligible for membership of a VAT group if one of the companies controls each of the others or if one person (being either a company, an individual or two or more individuals carrying on a partnership) controls all of them (Value Added Tax Act 1994 (VATA 1994), s 43A(1)).
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