Explore the complexities of international tax law with expert guidance tailored for legal practitioners. This topic delves into cross-border tax issues, providing valuable insights into global regulations and their influence on domestic tax practice.
Tax analysis: In Minerva Research Labs Ltd v HMRC, the First-tier Tax Tribunal (FTT) decided that the collagen drink products concerned did not...
Tax analysis: In Environmental Services Ltd, the First-tier Tax Tribunal (FTT) dismissed the appeal of the waste handling and transporting company...
This week's edition of Tax weekly highlights includes: (1) UK Finance responding to HMRC’s consultation on simplifying treaty relief for overseas...
Tax analysis: In Poznic, the First-tier Tax Tribunal (FTT) held that the taxpayer’s disposal of B ordinary shares did not qualify for business asset...
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...
Qualifying private placement exemption from withholding taxUnless an exemption or relief applies, payments of yearly interest that have a UK source are subject to UK withholding tax at the basic rate (currently, 20%). For more details, see Practice Note: UK withholding tax on yearly interest.This
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
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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