Navigate the complex landscape of tax obligations related to employment with our expert insights. Ideal for legal professionals advising both employers and employees, our guidance covers compliance, PAYE, National Insurance contributions, benefits in kind, and fringe benefits. Stay informed and ensure your clients meet their legal requirements efficiently.
This week's edition of Tax weekly highlights includes: (1) News Analysis on the Supreme Court’s decision in Orsted West of Duddon Sands (UK) Ltd, (2)...
The Supreme Court unanimously allowed HMRC’s appeal, holding that expenditure on environmental surveys and studies undertaken in connection with the...
HM Revenue & Customs has launched a technical consultation on draft secondary legislation for the Carbon Border Adjustment Mechanism (CBAM) emissions...
Tax analysis: In CATS North Sea Ltd v HMRC, the Upper Tribunal (UT) allowed the appellant’s appeal in relation to the capital allowances consequences...
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...
Employment tax implications of a TUPE transferWhen employees are transferred along with the business in which they work pursuant to the Transfer of Undertakings (Protection of Employment) (TUPE) Regulations 2006, SI 2006/246, there will be numerous employment tax implications to consider,
Corporation tax relief for employee share and share option acquisitionsAn employing company is entitled to corporation tax relief, under a specific set of rules in the Corporation Tax Act 2009 (CTA 2009), in relation to:•the acquisition of shares (including on exercise of a share option)•by an
Convertible securities—tax treatmentThis Practice Note explains the income tax treatment of convertible securities. The definition of convertible securities is set out in Practice Note: Convertible securities—definition.The basic effect of the rules applying to convertible securities (or an interest
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
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