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Tax analysis: In Bunting v HMRC, the Court of Appeal rejected the taxpayer’s appeal, holding that capital gains tax (CGT) relief for a loan to a...
The Law Society of England and Wales has published a practice note on the use of artificial intelligence (AI) in legal practice. It confirms that...
Tax analysis: In Brants Bridge Ltd and Braccans Ltd v HMRC, the First-tier Tax Tribunal (FTT) dismissed appeals against HMRC’s refusal to relieve the...
Tax analysis: In the First-Tier Tx Tribunal (FTT) dismissed an appeal against HMRC’s refusal of multiple dwellings relief (MDR) on the purchase of a...
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...
Tax and hedge funds—trading in the UK and the investment manager exemption (IME)FORTHCOMING CHANGE relating to UK permanent establishments: Following earlier consultation in 2023, on 28 April 2025 the government launched a technical consultation on draft legislation reforming the UK’s permanent
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
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