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Newsletter
Welcome to September’s edition of the UK Tax Round Up. In addition to the headline-grabbing 2022 Growth Plan announced by the UK Chancellor, there have been a number of interesting cases this month including the First-tier Tribunal’s analysis of the principal purpose rule in the UK-Ireland double tax treaty and the Upper Tribunal’s decision on the meaning of “market value” in the context of deemed distributions.
September 2022
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Newsletter
Welcome to August’s edition of the UK Tax Round Up. August turned out to be not such a quiet month on the UK tax front. We have seen several important and technical case law decisions, including the HMRC v Murphy and BlueCrest Partnership cases, as well as the tax implications of hybrid and distance working.
August 2022
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Newsletter
Welcome to July’s edition of the UK Tax Round Up. This month has seen an interesting decision of the First-tier Tribunal on the salaried member rules as they apply to asset manager LLPs, a surprising decision on the terms required in intragroup/shareholder loans for transfer pricing purposes and the first GAAR panel opinion defeat for HMRC. In addition, the government published the scope of tax provisions to be covered in the Finance Bill 2022-23 and has reported on its consultation on codifying employment status.
July 2022
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Newsletter
Welcome to July’s edition of the UK Tax Round Up. This month has seen an interesting decision of the First-tier Tribunal on the salaried member rules as they apply to asset manager LLPs, a surprising decision on the terms required in intragroup/shareholder loans for transfer pricing purposes and the first GAAR panel opinion defeat for HMRC. In addition, the government published the scope of tax provisions to be covered in the Finance Bill 2022-23 and has reported on its consultation on codifying employment status.
June 2022
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Newsletter
Welcome to May's edition of the UK Tax Round Up. This month has seen a number of interesting court decisions, an important opinion of the European Commission’s Advocate General and the commencement of a Treasury consultation on potential reform of the capital allowance rules.
May 2022
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Newsletter
Welcome to the March edition of the Proskauer UK Tax Round Up. In his Spring Statement, the Chancellor focused on measures to alleviate the increasing cost of living and to boost investment in the economy but there were no major immediate business tax announcements. We also summarise some HMRC and OECD announcements and two interesting court decisions.
March 2022
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Newsletter
Welcome to February’s edition of our UK Tax Round Up. This month’s edition includes updated guidance on the VAT treatment of contractual termination payments, updated HMRC guidance on the assessment of “substantial” activities for business asset disposal relief, the latest in the recent line of IR35 cases and the publication of the responses to the government’s consultation on the UK’s funds regime.
February 2022
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Newsletter
Welcome to January’s edition of our UK Tax Round Up. Although it has been a relatively quiet start to the year, this month saw significant developments on Pillar Two with the OECD publishing its model rules and HMRC launching a consultation on the domestic implementation of them. Case law developments have included the European Court of Justice’s decision in the long-running Zipvit case and the First-tier Tribunal deciding that contributions to a remuneration trust scheme were not tax deductible.
January 2022
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Newsletter
Key developments in December 2021
December 2021
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Newsletter
Key developments in November 2021
November 2021