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Tax analysis: In HMRC v Boehringer Ingelheim Ltd, the Upper Tribunal (UT) decided that payments made by a supplier to a customer only represented a...
Tax analysis: In HMRC v Colchester Institute Corporation, the Court of Appeal decided that government funding Colchester Institute Corporation (CIC)...
Tax analysis: Following an announcement made at the 2025 Budget, the government has published a consultation on its proposals to significantly expand...
Tax analysis: In R (on the application of Rokos) v HMRC, the High Court (Mrs Justice Foster) dismissed the taxpayer’s claim for judicial review of...
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...
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 court order or an out-of-court settlement agreement:•the person receiving the payment (the claimant) will want to know whether that amount is
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
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
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
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