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VAT—what is a transfer of a business as a going concern?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Cathya Djanogly 19th May
Practice notes
Property authorised investment funds (PAIFs)—summaryThe regime for property authorised investment funds (PAIFs) was introduced in 2008.It created a...
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Produced in partnership with Martin Shah of Simmons & Simmons LLP based on material originally written by Charles Goddard of Rosetta Tax LLP 19th May
Practice notes
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...
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19th May
Practice notes
Share sale or asset sale—tax considerationsThe sale of a company's business can be structured as either:•a sale of assets owned by the company (an...
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19th May
Practice notes
VAT—triangulationIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd 19th May
Practice notes
How employment income is taxed—non-cash earnings or benefitsIn addition to cash earnings, such as wages or salaries, many reward packages include...
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19th May
Practice notes
EIS—deferred gain becomes chargeable to CGTCoronavirus (COVID-19): In response to the coronavirus (COVID-19) pandemic, the government introduced a...
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19th May
Practice notes
Property holding structures—SDLT and VAT treatment of a Jersey Property Unit Trust (JPUT)IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the...
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19th May
Practice notes
VAT on composite suppliesSingle composite supplies vs multiple suppliesWhere a supply comprises a number of different elements with varying VAT...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May
Practice notes
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
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Produced in partnership with Martin Scammell 19th May
Practice notes
Tax considerations on a loan agreement—the tax gross up clauseIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Eloise Walker of Pinsent Masons 19th May
Practice notes
Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
Practice notes
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...
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19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
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19th May
Practice notes
R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
SDLT group reliefFORTHCOMING CHANGE relating to FA 2008, Sch 36: In its Tax Information and Impact Note (TIIN) on freeports, the government announced...
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19th May

Most recent Finance content

Practice notes
Sukuk—investment bond arrangements and stamp duty and SDRTIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 31st Jul
Practice notes
Asset-backed securitisations—the UK tax treatmentFORTHCOMING CHANGE: A consultation explores the potential for reforming the taxation of securitsation...
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31st Jul
Practice notes
Basic principles of secondary trading and loan portfolio sales for tax lawyersSecondary debt trading is the activity of one investor purchasing debt...
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31st Jul
Practice notes
UK tax considerations for a UK corporate borrower borrowing from an overseas lenderIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of...
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Produced in partnership with Ben Jones and Deepesh Upadhyay of Eversheds Sutherland LLP and Tim Shaw of Ensors Accountants LLP 31st Jul
Practice notes
Exemption from UK withholding tax on interest and royalty payments made to an associated EU resident company before 1 June 2021 [Archived]ARCHIVED:...
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31st Jul
Practice notes
Sukuk al ijara—conditions for tax relief under FA 2009, Sch 61Sukuk (singular form: 'sakk') is a type of Shari’a financing arrangement also referred...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 31st Jul
Practice notes
Whole business securitisations—UK tax considerationsThis Practice Note:•explains what a whole business securitisation is—a whole business...
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31st Jul
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
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31st Jul
Practice notes
Tax considerations on a loan agreement—treaty lendersThis Practice Note:•outlines the main conditions that must be satisfied in order for a non-UK...
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31st Jul
Practice notes
Loan relationships—anti-avoidance: unallowable purposesThe rule is that the credits (broadly, but not necessarily, profits) and debits (broadly, but...
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31st Jul
Practice notes
Loan relationships—anti-avoidance: related transactions not at arm's lengthIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the...
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31st Jul
Practice notes
Whole business securitisations—the UK tax opinionThis Practice Note outlines what is normally covered in a UK tax opinion given by the tax lawyers...
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31st Jul
Practice notes
Loan relationships—impairment and debt releasesA foundational principle of the loan relationships regime is that the profits and losses to be brought...
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31st Jul
Practice notes
Tax issues on financing an inbound investmentIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation...
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Produced in partnership with Jacob Gilkes of CMS 31st Jul
Practice notes
FATCA in the UK—loan agreements and the UK:US IGAThis Practice Note provides a broad overview of the application of the Foreign Account Tax Compliance...
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Produced in partnership with Paul Harrington of White & Case LLP 31st Jul
Practice notes
UK withholding tax on yearly interestUnless an exemption or a relief applies, a payment of UK source yearly interest is subject to UK withholding tax...
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31st Jul
Practice notes
SDLT: alternative property finance relief and musharaka—FA 2003, s 71AA musharaka is a form of Islamic financing that operates as a form of shared...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 31st Jul
Practice notes
Taxation of derivatives—anti-avoidanceThe general rule is that profits and losses arising to a company from its derivative contracts are brought into...
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31st Jul
Practice notes
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
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31st Jul
Practice notes
Tax issues for bond issuersIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...
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31st Jul

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