Effectively managing tax implications in company reorganisations necessitates thorough planning and expert advice. Our resources offer detailed insights, helping tax practitioners maintain compliance and gain strategic benefits during restructuring. Addressing insolvency matters requires a deep knowledge of tax law to minimise risks and achieve positive results. Our platform provides essential tools and practical guidance to support successful resolutions in insolvency situations.
The following Tax news provides comprehensive and up to date legal information on Court of Appeal—facilitators of VAT fraud can be deregistered even if they make legitimate taxable supplies (Impact Contracting Solutions Limited v HMRC)
The following Tax news provides comprehensive and up to date legal information on FTT decides that an income tax charge arose on the novation of a director’s loan account (Powell v HMRC)
The following Tax news provides comprehensive and up to date legal information on FTT imposes maximum £1m DOTAS penalty for failure to notify (HMRC v Industria Umbrella)
The following Private Client news provides comprehensive and up to date legal information on Ex-solicitor hit with first individual tax avoidance stop notice
Direct tax treatment of damages and compensation paymentsWhere a dispute is brought to an end by a payment of damages or compensation, whether under a...
VAT treatment of parking facilitiesThis Practice Note is about the VAT treatment of parking facilities.This Practice Note contains references to EU...
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What is an intangible fixed asset?Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to...
Schemes of reconstruction definedThis Practice Note is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters into an arrangement which is a scheme of reconstruction involving the issue of ordinary share capital by a second
Capital reduction demergersThe 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: Demergers—an introduction to the tax issues and Demergers—an introduction for corporate lawyers.More detailed Practice Notes
Joint and several liability of company directors and certain other individuals for tax debts of companies and limited liability partnershipsThe Finance Act 2020 (FA 2020) introduced measures enabling HMRC, in certain insolvency-related circumstances, to make:•directors, shadow directors and certain
Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a different company under the same ownership.Where certain conditions are met, rules in Chapter 1, Part 22 of the Corporation Tax Act 2010 have the effect that
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