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  • Newsletter

    UK Tax Round Up

    Welcome to February’s edition of our UK Tax Round Up. This month has seen revised HMRC guidance on the capital contribution limb of the salaried member test and an interesting case on the tax basis for an employment termination settlement payment.

    February 2024

  • Newsletter

    UK Tax Round Up

    Welcome to January’s edition of our UK Tax Round Up. It was announced this month that the next UK Budget will take place on 6 March 2024. HMRC also published responses on its permanent establishment consultation. In addition, another IR35 case was reported and a wide range of interesting issues arose in Keighley.

    January 2024

  • Newsletter

    UK Tax Round Up

    Welcome to December’s edition of our UK Tax Round Up. This month has seen two interesting decisions on the connections needed for amounts to be taxed as employment income, the latest instalment in the BlueCrest partner incentivisation plan case, an attempt to use cases invented by ChatGPT as evidence, publication of the Finance Bill and the revised UK/Luxembourg double tax treaty coming into force.

    December 2023

  • Newsletter

    UK Tax Round Up

    Welcome to November’s edition of the UK Tax Round Up. This month has seen the Chancellor’s Autumn Statement as well as an interesting confirmation from the Court of Appeal on the scope of “arrangements” for capital gains tax rollover purposes and the Supreme Court’s decision on who is a transferor for the purposes of the transfer of assets abroad rules.

    November 2023

  • Newsletter

    UK Tax Round Up

    Welcome to the October edition of the UK Tax Round Up. This month has seen the Supreme Court’s judgment on the operation of the employment-related securities deeming provision, the Court of Appeal’s decision on what constitutes receipt of profits in a fiduciary capacity in the latest BlueCrest case, a number of interesting VAT cases and a policy paper and draft legislation confirming how EU law will remain relevant to the UK’s VAT law.

    October 2023

  • Newsletter

    UK Tax Round Up

    Welcome to the September edition of the UK Tax Round Up. This month has seen interesting decisions on the salaried members rules, the scope of arrangements for the CGT rollover main tax avoidance purpose test and the precedence of the employment-related securities option rules over the tax-exempt termination payment rules. In addition, the Government has confirmed the repeal of the stamp duty and SDRT 1.5% charge on the issue and transfer of UK securities into depositary receipt or clearance service systems for capital raising.

    September 2023

  • Newsletter

    UK Tax Round Up

    Welcome to August’s edition of our UK Tax Round Up. This month has seen two interesting decisions from the Upper Tribunal, the first on the loan relationship unallowable purpose test and the second on the meaning of “exceptional circumstances” for the statutory residence test.

    August 2023

  • Newsletter

    UK Tax Round Up

    Welcome to July’s edition of our UK Tax Round Up. This month has seen a number of interesting tribunal decisions, including the denial of double tax relief and of employee expense deductions and the taxation on loans to a company director, as well as the publication of draft legislation for the Finance Bill 2024 and the ratification by Luxembourg of the new UK-Luxembourg double tax treaty.

    July 2023

  • Newsletter

    UK Tax Round Up

    Welcome to June’s edition of our UK Tax Round Up. Several interesting cases have been reported this month, including a range of issues relevant to UK withholding tax on interest being considered in Hargreaves. HMRC has also launched two noteworthy consultations, one on the UK’s permanent establishment and transfer pricing rules and another looking at SAYE and SIP share schemes.

    June 2023

  • Newsletter

    UK Tax Round Up

    Welcome to May’s edition of our UK Tax Round. This month has been relatively quiet but there were a couple of cases that affect transactions that we see in practice, including an interesting update on what could constitute a results dependent distribution payment for a UK company.

    May 2023