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Making late notifications to HMRC—the importance of acting and proving you have acted proactively and promptly (Ketley v Revenue and Customs Commissioners)

The following Pensions news provides comprehensive and up to date legal information on Making late notifications to HMRC—the importance of acting and proving you have acted proactively and promptly (Ketley v Revenue and Customs Commissioners)

Court of Appeal provides guidance on mutuality of obligation (HMRC v Professional Game Match Officials Ltd)

The following Employment news provides comprehensive and up to date legal information on Court of Appeal provides guidance on mutuality of obligation (HMRC v Professional Game Match Officials Ltd)

HMRC settles US$1bn General Electric tax fraud lawsuit

The following Private Client news provides comprehensive and up to date legal information on HMRC settles US$1bn General Electric tax fraud lawsuit

Tax weekly highlights—16 September 2021

The following Tax news provides comprehensive and up to date legal information on Tax weekly highlights—16 September 2021

Featured Tax content

VAT definition

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Capital allowances on property sales—pre-contract enquiries

Capital allowances on property sales—pre-contract enquiriesThis Practice Note is about capital allowance-related pre-contract enquiries on a property...

VAT treatment of parking facilities

VAT treatment of parking facilitiesThis Practice Note is about the VAT treatment of parking facilities.Why does this matter?Charges for parking are...

Enhanced capital allowances

Enhanced capital allowancesWhat is an enhanced capital allowance?An enhanced capital allowance (ECA) is a tax relief for businesses on their...

Practice notes

VAT on composite supplies

VAT on composite suppliesSingle composite supplies vs multiple suppliesWhere a supply comprises a number of different elements with varying VAT...

Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May

Practice notes

Commercial service charges—VAT implications

Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...

Produced in partnership with Martin Scammell 19th May

Practice notes

Offshore receipts in respect of intangible property (ORIP)

Offshore receipts in respect of intangible property (ORIP)Since 6 April 2019, a person that is neither UK tax resident nor resident in a full treaty...

19th May

Practice notes

FATCA in the UK—the UK:US Intergovernmental Agreement: an outline

FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...

Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May

In-house

Practice notes

Tax considerations on a loan agreement—the tax gross up clause

Tax considerations on a loan agreement—the tax gross up clauseIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...

Produced in partnership with Eloise Walker of Pinsent Masons 19th May

Precedents

Clause—tax gross up—commercial agreements

1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...

19th May

Practice notes

Taxation of UK LLPs

Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...

19th May

Practice notes

Section 198 and 199 elections on transactions involving real estate

Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...

Produced in partnership with Martin Wilson 19th May

Practice notes

Loan capital exemption from stamp duty

Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...

19th May

Practice notes

The Budget and Finance Bill process

The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...

19th May

Practice notes

Capital reduction demergers

Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...

Produced in partnership with Zoe Feller of Bird & Bird 19th May

Q&As

Corporate redomiciliation—can a non-UK company redomicile into the UK?

Corporate redomiciliation—can a non-UK company redomicile into the UK?It is possible for a non-UK incorporated company to redomicile to the UK....

19th May

Practice notes

Why have a tax covenant?

Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...

19th May

Practice notes

R&D capital allowances

R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...

Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May

Practice notes

Transfer of a trade under common ownership

Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...

19th May

Practice notes

SDLT group relief

SDLT group reliefFORTHCOMING CHANGE relating to FA 2008, Sch 36: In its Tax Information and Impact Note (TIIN) on freeports, the government announced...

19th May

Most recent VAT basic principles content

Practice notes

VAT—zero-rated and reduced rate supplies

VAT—zero-rated and reduced rate suppliesCoronavirus (COVID-19)—PPE: A temporary zero rate of VAT applied to supplies of personal protective equipment...

22nd Sep

Practice notes

VAT—European legal principles

VAT—European legal principlesFor EU Member States, Council Directive 2006/112/EC (the VAT Directive) lays down the infrastructure for a common VAT...

Produced in partnership with Etienne Wong of Old Square Tax Chambers 21st Sep

Practice notes

VAT recovery on corporate transactions

VAT recovery on corporate transactionsVAT is recoverable by a taxable person if it is attributable to taxable supplies made in the course or...

21st Sep

Practice notes

VAT issues on the supply of staff

VAT issues on the supply of staffIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to in UK...

16th Sep

Practice notes

VAT bad debt relief

VAT bad debt reliefThis Practice Note outlines how a taxable person who has accounted for and paid VAT on a supply, but who is not paid the price for...

Produced in partnership with Etienne Wong of Old Square Tax Chambers 16th Sep

Practice notes

VAT treatment of management charges and other intra-group payments

VAT treatment of management charges and other intra-group paymentsIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020....

16th Sep

Practice notes

How and when must a business pay VAT?

How and when must a business pay VAT?COVID-19 VAT measures: On 20 March 2020 the government announced that it had suspended the next quarter of VAT...

16th Sep

Practice notes

The cost sharing exemption from VAT

The cost sharing exemption from VATWhy is a cost sharing exemption needed?The cost sharing exemption (CSE) has been included in Directive 2006/112/EC...

14th Sep

Practice notes

Disclosure of tax avoidance schemes—VAT and other indirect taxes (DASVOIT)

Disclosure of tax avoidance schemes—VAT and other indirect taxes (DASVOIT)FORTHCOMING CHANGE relating to Finance Bill 2021–22: Finance Bill 2021–22...

13th Sep

Practice notes

VAT treatment of intermediaries and agents

VAT treatment of intermediaries and agentsIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to...

Produced in partnership with John Fuszard of Sagars Accountants Ltd 8th Sep

Practice notes

When can a person recover VAT?

When can a person recover VAT?IP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to in UK law...

8th Sep

Practice notes

Disclosure of tax avoidance schemes—VAT (before 1 January 2018) [Archived]

Disclosure of tax avoidance schemes—VAT (before 1 January 2018) [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This...

6th Sep

Practice notes

VAT groups

VAT groupsMany companies operate in groups, broadly meaning that they are under common economic ownership. The existence of groups of companies is...

5th Sep

Practice notes

VAT deregistration

VAT deregistrationA person who is registered for VAT in the UK may be deregistered (ie their VAT registration may be cancelled) on a compulsory or...

Produced in partnership with Pinsent Masons 5th Sep

Practice notes

Exemptions from VAT

Exemptions from VATVAT is chargeable on supplies of goods and services made in the UK by a taxable person in the course of a business, unless those...

31st Aug

Practice notes

VAT—when is a person in business?

VAT—when is a person in business?IP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to in UK...

Produced in partnership with Michael Ridsdale of Wedlake Bell LLP 27th Aug

Q&As

Is it possible to reclaim value added tax (VAT) on the purchase of a property if the purchaser has not paid a sum equal to the VAT to the seller and the debt has not been written off by either party?

Is it possible to reclaim value added tax (VAT) on the purchase of a property if the purchaser has not paid a sum equal to the VAT to the seller and...

22nd Aug

Practice notes

VAT invoicing

VAT invoicingA VAT invoice must normally be provided when a VAT registered person supplies goods or services to another VAT registered person. A VAT...

22nd Aug

Q&As

Is a licence of intellectual property by an Australian company to a UK private individual subject to UK VAT?

Is a licence of intellectual property by an Australian company to a UK private individual subject to UK VAT?In order to assess whether a cross-border...

16th Aug

Q&As

Can VAT be charged on an exclusivity or lock-out fee as part of an exclusivity agreement? The landowner has made a value added tax option to tax on the land. If in the sale proceeds it is agreed that the exclusivity fee will be deducted from the purchase price, but the fee is potentially returnable to the buyer if the landowner breaches its obligations in the exclusivity agreement or if the sale does not proceed because of a title defect.

Can VAT be charged on an exclusivity or lock-out fee as part of an exclusivity agreement? The landowner has made a value added tax option to tax on...

16th Aug

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VAT basic principles

View Tax by content type:

Latest Tax News

Making late notifications to HMRC—the importance of acting and proving you have acted proactively and promptly (Ketley v Revenue and Customs Commissioners)

Court of Appeal provides guidance on mutuality of obligation (HMRC v Professional Game Match Officials Ltd)

HMRC settles US$1bn General Electric tax fraud lawsuit

Tax weekly highlights—16 September 2021

Featured Tax content

VAT definition

Capital allowances on property sales—pre-contract enquiries

VAT treatment of parking facilities

Enhanced capital allowances

Most recent VAT basic principles content

Popular documents

Convention rights—structure of qualified rights

Reversionary lease by reference

Nuisance and the rule in Rylands v Fletcher—common law liability for pollution

Indemnity costs orders—principles

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