In many respects, the Upper Tribunal’s decision in Hargreaves Property will not have surprised tax practitioners as the decision reaffirms best practice considerations around a number of fundamental concepts in relation to...more
As part of the Spring 2023 Budget, Chancellor Jeremy Hunt has scrapped plans to require sovereign wealth funds to pay corporation tax on property and commercial enterprises.
The United Kingdom (“UK”) government had...more
The Chancellor of the Exchequer delivered the United Kingdom (“UK”) Budget for 2023 on 15 March 2023.
The Budget was delivered against a backdrop of some familiar political headwinds, caused by the lengthy shockwaves of...more
The Chancellor of the Exchequer delivered the United Kingdom (“UK”) Autumn Budget for 2021 on 27 October 2021.
The Budget was delivered against the backdrop of the UK’s ongoing recovery from the Covid‑19 pandemic and the...more
10/28/2021
/ Bank Holding Company ,
Budgets ,
Corporate Taxes ,
HMRC ,
International Tax Issues ,
REIT ,
Securitization Market ,
Tax Avoidance ,
Tax Rates ,
Tax Reform ,
UK
The Chancellor of the Exchequer delivered the United Kingdom (“UK”) Budget for 2020 on 11 March 2020. The Budget was delivered against a backdrop that very few people could have anticipated at the commencement of the year....more
3/12/2020
/ Budgets ,
Business Income ,
Corporate Taxes ,
Digital Services Tax ,
Foreign Investment ,
General Partnerships ,
HMRC ,
Investment Funds ,
Limited Liability Partnerships ,
Non-Residents ,
Property Tax ,
Real Estate Investments ,
Stamp Duty Land Tax ,
Tax Avoidance ,
Tax Planning ,
Tax Rates ,
UK ,
UK Brexit ,
Value-Added Tax (VAT)
The Chancellor of the Exchequer delivered the United Kingdom (“UK”) Budget for 2018 on 29 October 2018. The Budget was delivered against the backdrop of the UK’s negotiations with the European Union concerning Brexit. ...more
11/1/2018
/ Anti Tax Avoidance Directive (ATAD) ,
Anti-Avoidance ,
Budgets ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Digital Taxes ,
Diverted Profits Tax ,
EU Directive ,
Hybrid Capital Instruments ,
Income Taxes ,
Internet Retailers ,
Royalties ,
Search Engines ,
Social Media ,
Stamp Duty Land Tax ,
Tax Deductions ,
Tax Rates ,
UK ,
UK Brexit ,
Value-Added Tax (VAT)
The Chancellor of the Exchequer delivered the UK Budget for 2017 on 22 November 2017. Delivered against the backdrop of the UK’s ongoing negotiations to exit from the European Union, the Budget featured a significant...more
11/29/2017
/ Collective Investment Schemes ,
Corporate Taxes ,
Federal Budget ,
Income Taxes ,
International Tax Issues ,
Tax Avoidance ,
Tax Policy ,
UK ,
UK Brexit ,
Value-Added Tax (VAT) ,
Venture Capital
The Chancellor of the Exchequer's first Autumn Budget under the new budget timetable, which sees the Autumn Statement replaced with an Autumn Budget (and the Spring Budget replaced with a Spring Statement), will be announced...more
The Chancellor of the Exchequer delivered the UK Budget for 2016 on 16 March 2016. The Budget was delivered against the backdrop of international tax developments, relating to the Organisation for Economic Co-operation and...more
3/18/2016
/ Banking Sector ,
BEPS ,
Corporate Taxes ,
EBITDA ,
Federal Budget ,
International Tax Issues ,
OECD ,
Popular ,
Securitization ,
Tax Avoidance ,
UK ,
Withholding Tax
The Chancellor of the Exchequer delivered his budgetary Autumn Statement on 25 November 2015. In this Client and Friends Alert we have outlined the key tax measures that we expect to be of interest to Cadwalader’s clients...more
The Chancellor of the Exchequer’s first Budget of the new Parliament, delivered on 8 July 2015, will be remembered as a reforming Conservative budget, including significant changes to the United Kingdom’s welfare provisions...more
7/10/2015
/ Bank Taxes ,
Corporate Taxes ,
Derivatives ,
Financial Institutions ,
Foreign Corporations ,
GAAR ,
HMRC ,
Loans ,
Tax Avoidance ,
Tax Credits ,
Tax Cuts
The Chancellor of the Exchequer’s final Budget of the current Parliament, given on 18 March 2015, was held in the shadow of the UK’s general election on 7 May 2015. With the backdrop of the UK’s GDP growth increasing,...more
On 17 September 2104, the Court of Justice of the European Union (the “CJEU”) gave its preliminary ruling in the case of Skandia America Corporation USA, Sweden Branch v Skatterverket (C-7/13) (“Skandia”). The decision of...more