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Newsletter
Welcome to the January edition of the UK Tax Round Up. This month has been reasonably quiet, with another IR35 case decision and a decision on the recovery of input VAT incurred on a corporate fundraising and acquisition transaction among other developments.
January 2023
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Newsletter
Welcome to the December edition of the UK Tax Round Up. The month has been reasonably quiet, but there have been two interesting Upper Tribunal decisions on the loan relationships unallowable purpose test and application of the Ramsay principle to a dividend redirection scheme. The government has also announced Wednesday 15 March 2023 as the date for the Spring Budget.
December 2022
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Newsletter
Welcome to the November edition of the UK Tax Round Up. This month has seen the new Chancellor deliver his Autumn Statement following from the previous Chancellor’s so-called mini budget in October and the Court of Appeal’s decision denying deductions for certain expenses incurred in respect of the sale of part of the Centrica group’s business, among other developments.
November 2022
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Newsletter
Welcome to October’s edition of the UK Tax Round Up. October has been an extraordinary month in the UK, with political turbulence triggering reversals of many of the tax policies announced by the government at the end of September. In addition, there have been several interesting case law developments, including two potentially significant ECJ decisions.
October 2022
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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