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Practice notes
How employment income is taxed—non-cash earnings or benefitsIn addition to cash earnings, such as wages or salaries, many reward packages include...
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19th May
Practice notes
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...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
VAT treatment of damages and compensation paymentsFORTHCOMING CHANGE: HMRC is in the process of revising Revenue and Customs Brief 12 (2020) on the...
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19th May
Practice notes
Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
EIS—deferred gain becomes chargeable to CGTCoronavirus (COVID-19): In response to the coronavirus (COVID-19) pandemic, the government introduced a...
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19th May
Practice notes
Property holding structures—direct tax treatment of a Jersey property unit trust (JPUT)STOP PRESS relating to property rich collective investment...
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19th May
Practice notes
VAT on composite suppliesSingle composite supplies vs multiple suppliesWhere a supply comprises a number of different elements with varying VAT...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May
Practice notes
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...
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19th May
Practice notes
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...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May
Practice notes
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...
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Produced in partnership with Eloise Walker of Pinsent Masons 19th May
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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19th May
Practice notes
Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
Practice notes
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...
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19th May
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
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19th May
Q&As
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....
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19th May
Practice notes
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...
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19th May

Most recent VAT and the City content

Q&As
Do the fees of an EIS fund manager qualify for the VAT exemption for intermediary financial services?Investment management is generally subject to...
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1st Aug
Q&As
Is it possible for a pension scheme to pay costs net of VAT, with the company paying the VAT and recovering it from HMRC?As a general rule a value...
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1st Aug
Practice notes
Exemption from VAT for dealing with securities and underwritingIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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31st Jul
Practice notes
VAT and pension scheme costsTHIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESThis Practice Note contains references to case law...
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Produced in partnership with Christopher Stiles of Gowling WLG 31st Jul
Practice notes
Exemption from VAT for dealing with money and operating bank accountsIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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31st Jul
Practice notes
VAT issues for financial services groupsFORTHCOMING CHANGE relating to VAT on financial services: the government announced at Budget 2020 that it will...
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31st Jul
Practice notes
Exemption from VAT for providing creditIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period...
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31st Jul
Practice notes
The cost sharing exemption from VATIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period...
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31st Jul
Practice notes
Practical application of the VAT exemption for fund managementFORTHCOMING CHANGE for UK funds: At Budget 2020 the government announced a review of the...
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Produced in partnership with Martin Shah of Simmons & Simmons and Gary Barnett of Simmons & Simmons 31st Jul
Practice notes
Practical application of the exemption from VAT for dealing with securitiesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the...
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31st Jul
Practice notes
Exemption from VAT for intermediary financial servicesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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31st Jul
Practice notes
Sukuk—investment bond arrangements and UK VATThis Practice Note outlines the UK VAT treatment of the issue of a sakk by an issuer to an investor (or...
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Produced in partnership with Etienne Wong of Old Square Tax Chambers 30th Jul
Practice notes
VAT exemption for fund managementFORTHCOMING CHANGE for UK funds: At Budget 2020 the government announced a review of the UK funds regime including...
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Produced in partnership with Martin Shah of Simmons & Simmons and Gary Barnett of Simmons & Simmons 30th Jul
Practice notes
Practical application of the exemption from VAT for intermediary financial servicesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of...
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30th Jul

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