Gain invaluable insights and guidance on navigating the intricacies of tax implications during share and asset sales. From due diligence to post-sale adjustments, ensure you are equipped with the knowledge to advise clients with precision and confidence. Stay ahead with expert strategies tailored to mitigate tax liabilities and optimise transactional outcomes.
Tax analysis: In Professional Game Match Officials Ltd v HMRC, the First-tier Tax Tribunal (FTT) allowed the company’s appeal against PAYE...
Tax analysis: In Kwok, the First-tier Tax Tribunal (FTT) ordered HMRC to pay the taxpayer’s costs of and incidental to the appeal, following HMRC’s...
This week's edition of Tax weekly highlights includes: (1) the NICs Bill receiving Royal Assent, (2) News Analysis articles being published on the...
Tax analysis: In HMRC v MR Currell Limited, the Court of Appeal dismissed HMRC’s appeal that £800,000 contributed to an employee benefit trust (EBT)...
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...
Secondary tax liabilities of companiesThe UK tax legislation contains various provisions whereby one person may be made responsible for the tax liability of another. These are known as secondary liabilities. This Practice Note deals mainly with the secondary tax liabilities that can arise in the
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
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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