menu-search
LEXISNEXIS_ICON4_SIGNINSign-in LEXISNEXIS_ICONS_SUPPORTHelp

Doing business in key global jurisdictions

View Tax by content type:

News
Practice notes
Precedents
Q&As

Latest Tax News

FTT allows unilateral credit for US withholding tax when treaty relief did not apply (Aozora GMAC Investments v HMRC)

FTT allows unilateral credit for US withholding tax when treaty relief did not apply (Aozora GMAC Investments v HMRC)

The following Private Client news provides comprehensive and up to date legal information on FTT allows unilateral credit for US withholding tax when treaty relief did not apply (Aozora GMAC Investments v HMRC)

SDLT—annuity did not prevent market value rule applying (M&M Builders v HMRC)

SDLT—annuity did not prevent market value rule applying (M&M Builders v HMRC)

The following Private Client news provides comprehensive and up to date legal information on SDLT—annuity did not prevent market value rule applying (M&M Builders v HMRC)

Tax weekly highlights—6 May 2021

Tax weekly highlights—6 May 2021

The following Tax news provides comprehensive and up to date legal information on Tax weekly highlights—6 May 2021

Danish Tax Authority faces jurisdictional barrier in withholding tax claim (Skatteforvaltningen v Solo Capital Partners)

Danish Tax Authority faces jurisdictional barrier in withholding tax claim (Skatteforvaltningen v Solo Capital Partners)

The following Tax news provides comprehensive and up to date legal information on Danish Tax Authority faces jurisdictional barrier in withholding tax claim (Skatteforvaltningen v Solo Capital Partners)

Featured Tax content

Tax considerations on a loan agreement—the tax indemnity clause

Tax considerations on a loan agreement—the tax indemnity clause

This Practice Note:•explains:◦the purpose of the tax indemnity clause that is normally found in a loan agreement, and◦that the standard drafting of...

Clause—tax gross up—commercial agreements

Clause—tax gross up—commercial agreements

1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...

Property authorised investment funds (PAIFs)—summary

Property authorised investment funds (PAIFs)—summary

The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...

Types of lending

Types of lending

Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...

Practice notes

VAT treatment of damages and compensation payments

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...
Read More >
9th Nov
tag iconIn-house
Practice notes

Direct tax treatment of damages and compensation payments

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...
Read More >
9th Nov
Practice notes

What is a tax determination?

This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
Read More >
Produced in partnership with Philip Rutherford 12th Jan
Practice notes

Schemes of reconstruction defined

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...
Read More >
9th Nov
Practice notes

FATCA in the UK—the UK:US Intergovernmental Agreement: an outline

Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
Read More >
Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan
tag iconIn-house
Practice notes

Tax considerations on a loan agreement—the tax gross up clause

It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
Read More >
Produced in partnership with Eloise Walker of Pinsent Masons 12th Jan
Practice notes

Section 198 and 199 elections on transactions involving real estate

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...
Read More >
Produced in partnership with Martin Wilson 12th Jan
Practice notes

Capital reduction demergers

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:...
Read More >
Produced in partnership with Zoe Feller of Bird & Bird 12th Jan
Practice notes

Why have a tax covenant?

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...
Read More >
9th Nov
Practice notes

VAT on composite supplies

Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
Read More >
Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 12th Jan
Practice notes

Plant and machinery allowances—definition of plant and machinery

Plant and machinery allowances are the most widely used form of capital allowance. Plant and machinery is often (wrongly) interpreted as if the terms...
Read More >
Produced in partnership with Martin Wilson 12th Jan
Practice notes

Unilateral relief for foreign tax

Unilateral relief, like double tax relief, aims to relieve double taxation. Subject to certain conditions being satisfied and specific limits,...
Read More >
9th Nov
Practice notes

Bank levy

FORTHCOMING CHANGE: HMRC is consulting (13 July to 10 August 2020) on draft regulations to provide a deduction from a UK entity’s equity and...
Read More >
Produced in partnership with Charlotte Sallabank of Katten Muchin Rosenman UK LLP 12th Jan
Practice notes

VAT—triangulation

Brexit: This Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU. The Taxation (Cross-border Trade) Act 2018,...
Read More >
Produced in partnership with John Fuszard of Sagars Accountants Ltd 12th Jan
Practice notes

SDLT—deeds of rectification

Stamp duty land tax (SDLT) ceased to apply to any land transaction involving any interests in or over land in Scotland from 1 April 2015. From that...
Read More >
9th Nov
Practice notes

Property holding structures—direct tax treatment of a Jersey property unit trust (JPUT)

FORTHCOMING CHANGE relating to property rich collective investment vehicles and certain investors: HMRC is consulting until 16 December 2020 on draft...
Read More >
9th Nov

Most recent Doing business in key global jurisdictions content

Practice notes

Doing business in: the UK

Updated in March 2021IntroductionThe business environmentForming a companyBeneficial ownershipFinancing a companyOpening a branch officeOpening a bank...
Read More >
Produced in partnership with Jonathan Edgelow of Vedder Price 21st Apr
Practice notes

Doing business in: Poland

Updated August 2020IntroductionThe Polish economy not been left unscathed by the coronavirus (COVID-19) health crisis. Like in most EU countries...
Read More >
Produced in partnership with Wardynski & Partners 8th Apr
Practice notes

Doing business in Mexico

Updated in September 2019•Introduction•The Business environment•Forming a company•Financing a company•Opening a bank account•Utilising office...
Read More >
Produced in partnership with Gustavo Alcocer of Olivares 8th Apr
Practice notes

Doing business in: Italy

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...
Read More >
Produced in partnership with Marco Mazzeschi of Mazzeschi Srl 8th Apr
Practice notes

Doing business in: Germany

Updated in December 2019IntroductionGermany is the strongest economy in Europe and one of the largest worldwide. Its central location in the middle of...
Read More >
Produced in partnership with Regina Glaser, Torsten Groß, Dominik Eickemeier, Dr Vinzenz Bödeker, Fabian Gaffron, Dr André Szesny, Rainer Dr Velte and Dr Bodo Dehne 8th Apr
Practice notes

Doing business in: France

Updated in November 2019IntroductionFrance is an open market economy and provides a business-friendly environment with strong public facilities and a...
Read More >
Produced in partnership with Bersay 8th Apr
Practice notes

Doing business in: the Philippines

Updated in September 2020IntroductionThe Business EnvironmentForming a companyOne-Person CorporationFinancing and capital raisingOpening a bank...
Read More >
Produced in partnership with Ocampo & Suralvo Law Offices 8th Apr
Practice notes

Doing business in: Ireland

Updated in September 2020IntroductionIreland is consistently ranked as one of the most attractive locations globally in which to establish...
Read More >
Produced in partnership with David O'Donnell and Cara Cooke of Mason Hayes & Curran 8th Apr
Practice notes

Doing business in: Cyprus

Updated in July 2020IntroductionCyprus is strategically located in the Eastern Mediterranean at the crossroads of Europe, Asia and Africa. It is an...
Read More >
Produced in partnership with Elias Neocleous of Elias Neocleous & Co LLC, Andrea Kallis Parparinou of Elias Neocleous & Co LLC and Elena Christodoulou of Elias Neocleous & Co LLC 8th Apr
Practice notes

EU collection—Commercial

This page collects together Commercial content that addresses matters of EU law.For information on EU law generally, see EU structure, EU legislative...
Read More >
15th Mar
Practice notes

Doing business in: Bolivia

Updated in January 2021IntroductionThis Practice Note sets out some of the key considerations for a business before it decides to commence operations...
Read More >
Produced in partnership with Bufete Aguirre, Quintanilla, Soria & Nishizawa Soc. Civ 5th Mar
Practice notes

Doing business in: Chile

Updated in September 2019IntroductionChile, although distant from most countries in the world is one of South America’s most stable and prosperous...
Read More >
Produced in partnership with Luis Felipe Arze of CMS 26th Feb
Practice notes

Doing Business in: Australia

Updated in September 2020.•Introduction•The business environment•Forming a company•Financing a company•Opening a bank account•Utilising office...
Read More >
Produced in partnership with Andrew Lumsden of Corrs Chambers Westgarth 26th Feb
Practice notes

Doing business in the UAE

Updated September 2020IntroductionThe Business EnvironmentForming a CompanyFinancing a companyOpening a Branch officeOpening a bank accountUtilising...
Read More >
Produced in partnership with Amir Ahmad and Edward Ewart of Reed Smith LLP 26th Feb
Practice notes

Doing business in key global jurisdictions

Updated in October 2020IntroductionPolitical stabilityInfrastructureCrime and healthcareFreedom of courts from political interferenceApproach to...
Read More >
Produced in partnership with Jonathan Edgelow of Vedder Price 26th Feb
Practice notes

Doing business in: Brazil

Updated in February 2019IntroductionBrazil is the fifth largest country in the world by both geographical area (3,287,956 sq mi), and population of...
Read More >
Produced in partnership with Ted Rhodes, Mario Sergio Braz and Carolina Uribe of CMS 26th Feb
Practice notes

Doing business in: Argentina

Updated August 2020IntroductionThe Argentine Republic is sub-divided in 23 provinces and one federal district, the City of Buenos Aires, the nation’s...
Read More >
Produced in partnership with Diego Krischcautzky of Marval, O'Farrell & Mairal with the collaboration of María Eugenia Carbó 26th Feb
Practice notes

Doing business in: Canada

Updated in November 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountFinding office spaceImmigration...
Read More >
Produced in partnership with Miller Thomson LLP 26th Feb
Practice notes

Doing business in: the US

Updated in November 2020IntroductionThe business environmentForming a companyFinancing a companyOpening a bank accountUtilising office...
Read More >
Produced in partnership with Mark Rowbotham of Portcullis ISC 26th Feb
Practice notes

Doing business in: Indonesia

Updated in May 2019IntroductionThe business environmentForming a companyFinancing a companyOpening a branch office and representative officeOpening a...
Read More >
Produced in partnership with Assegaf Hamzah & Partners 26th Feb

Popular documents

Introduction to passing off

Introduction to passing off

Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to

Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010

Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty, whether more promptly or at all. In some

Breach of statutory duty

Breach of statutory duty

This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of

The Single Rulebook

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its legislation in respect of the financial services sector. However, Directives, allowing Member States greater flexibility in how they implement