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This week's edition of Tax weekly highlights includes: (1) News Analysis on the Supreme Court’s decision in Orsted West of Duddon Sands (UK) Ltd, (2)...
The Supreme Court unanimously allowed HMRC’s appeal, holding that expenditure on environmental surveys and studies undertaken in connection with the...
HM Revenue & Customs has launched a technical consultation on draft secondary legislation for the Carbon Border Adjustment Mechanism (CBAM) emissions...
Tax analysis: In CATS North Sea Ltd v HMRC, the Upper Tribunal (UT) allowed the appellant’s appeal in relation to the capital allowances consequences...
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...
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
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
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
Proprietary freezing injunctionsThis Practice Note provides guidance on proprietary asset preservation injunctions (also referred to as proprietary injunctions and/or proprietary freezing injunctions) which prevent a defendant from dealing with particular assets over which the claimant asserts a
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