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.
Tax analysis: On Legislation Day, 13 July 2026, the government published draft provisions for inclusion in Finance Bill 2027 (FB 2027, also known as...
Private Client analysis: On Legislation Day, 13 July 2026, the government published draft provisions to be included in Finance Bill 2027 (FB 2027,...
Tax analysis: In St Patrick's International College & Ors Ltd v HMRC, the Court of Appeal held that the UK’s exclusion of alternative higher education...
HMRC has updated VAT Notice 700/17 to revise its guidance on claiming input tax for funded pension scheme expenditure. The changes update sections...
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
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
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
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