Introduction -
On 15 March 2023, the UK government revealed the widely anticipated Spring Budget, which contained a number of measures that may be of interest to asset managers....more
The government’s 2022 Growth Plan, deceptively referred to as the “mini-budget,” has brought in notable changes likely to impact the funds industry. In particular, a number of the changes will help ensure the continued...more
The United Kingdom (U.K.) currently operates certain off-payroll working rules (commonly referred to as IR35), which subject certain individuals (often operating as consultants to businesses) working through intermediaries...more
On March 3, 2021, the U.K. government announced its 2021 Spring Budget (the “Budget”) which contained a number of extensions to measures designed to support the country even after our expected emergence from lockdown. ...more
In light of Brexit, the U.K. government has made the unexpected announcement that it will limit DAC6 (Directive 2018/822) reporting in the U.K. to matters involving arrangements with the effect of concealing the ultimate...more
During the course of 2020, the U.K. government has pushed ahead with introducing new measures that are likely to be of material relevance to financial restructurings and corporate reorganizations. There have also been other...more
12/16/2020
/ Coronavirus/COVID-19 ,
Debt Restructuring ,
Finance Act 2020 ,
HMRC ,
Insolvency ,
Joint and Several Liability ,
New Rules ,
Tax Avoidance ,
Tax Debt ,
Tax Evasion ,
Tax Liability ,
Tax Relief ,
UK Brexit
- As of January 1, 2021, Luxembourg is set to disallow otherwise tax deductible interest or royalty expense for payments made to entities resident in EU blacklisted jurisdictions that qualify as a beneficial owner “related”...more
The ongoing COVID-19 health crisis has resulted in significant changes to working practices in the United Kingdom (U.K.) and elsewhere. With a number of territories moving into aggressive suppression phases to halt the...more
3/27/2020
/ Board of Directors ,
Coronavirus/COVID-19 ,
Infectious Diseases ,
International Tax Issues ,
Investment Management ,
Principal Place of Business ,
Public Health ,
Remote Working ,
Tax Planning ,
Travel Restrictions ,
Traveling Employee ,
UK
The Upper Tribunal (UT) has found that amounts paid by Hargreaves Lansdown (HL) (an investment platform service provider) to its customers, which represented rebates received from investment fund managers, were “annual...more
8/30/2019
/ Fund Managers ,
Income Taxes ,
Investment Funds ,
Investment Management ,
Investors ,
Management Fees ,
Rebates ,
Tax Exemptions ,
Tax Liability ,
UK ,
Withholding Tax
We set out below a recap of some of the key European and international tax developments to note at the start of 2019. This alert provides a brief summary of the following...more
1/18/2019
/ Anti Tax Avoidance Directive (ATAD) ,
Anti-Avoidance ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Disclosure Requirements ,
Double Taxation ,
EBITDA ,
EU ,
European Commission ,
International Tax Issues ,
Member State ,
NAFTA ,
OECD ,
Tax Reform ,
UK ,
UK Brexit