Plant and machinery allowances are the most widely used form of capital allowance. Plant and machinery is often (wrongly) interpreted as if the terms...
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
The reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are described in Practice Notes:...
This Practice Note describes the law and practice relating to elections under section 198 or 199 of the Capital Allowances Act 2001 (CAA 2001), which...
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
This Practice Note is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters...
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
The international movement of capital rules should be considered whenever:•any non-UK tax resident subsidiary (referred to in this note as a foreign...
This page collects together Commercial content that addresses matters of EU law.For information on EU law generally, see EU structure, EU legislative...
July 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountUtilising office spaceImmigration controlsKey...
Updated in November 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountFinding office spaceImmigration...
Updated August 2020IntroductionThe Argentine Republic is sub-divided in 23 provinces and one federal district, the City of Buenos Aires, the nation’s...
Updated in July 2020IntroductionItaly is a founding member of the EU. It extends for 301,230 sq km and it has a strategic position at the heart of the...
Updated September 2020IntroductionThe Business EnvironmentForming a CompanyFinancing a companyOpening a Branch officeOpening a bank accountUtilising...
Updated in March 2019IntroductionThis Practice Note sets out some of the key considerations for a business before it decides to commence operations in...
Updated in August 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a branch officeOpening a bank accountUtilising...
Updated in August 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a branch officeOpening a bank accountUtilising...
Updated in August 2020IntroductionThe business environmentForming a companyOpening a branch officeFinancing a companyOpening a bank accountUtilising...
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