Unlock the potential of tax-efficient solutions with a deep dive into incentivised investments. Discover practical guidance on schemes that encourage investment through tax incentives, tailored for legal practitioners shaping investment strategies and ensuring compliance.
The Supreme Court has unanimously allowed HMRC’s appeal, holding that approximately £28 million in redress payments made by ScottishPower to customers...
This week's edition of Tax weekly highlights includes: (1) a reminder of the Budget scheduled for Wednesday 28 October 2026, (2) the Supreme Court’s...
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...
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...
Do shares need to carry voting rights in order to qualify for relief under the seed enterprise investment scheme?As set out in Practice Note: SEIS—conditions for relief: issued shares, the funds raised and arrangements in general, the shares issued to the individual investor seeking seed enterprise
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
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
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