Welcome to the November 2024 edition of our UK Tax Round Up. This month has seen publication of the Finance Bill 2024-25 and interesting cases on the loan relationship unallowable purpose test and the extent that tax applies...more
Welcome to the September 2024 edition of our UK Tax Round Up. This month has seen decisions on UK tax residence, VAT group eligibility and the Supreme Court’s ruling in the long running case involving the employment status of...more
10/4/2024
/ Appeals ,
Barclays ,
Corporate Taxes ,
Court of Justice of the European Union (CJEU) ,
Dismissals ,
EU ,
European Commission ,
HMRC ,
Tribunals ,
UK ,
Value-Added Tax (VAT)
Welcome to the June edition of the UK Tax Round Up. This month features the latest Court of Appeal decision in a trilogy of recent cases regarding the loan relationship “unallowable purpose” test, an Upper Tribunal decision...more
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,...more
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...more
1/5/2024
/ Appeals ,
Artificial Intelligence ,
Capital Gains ,
Classification ,
Double Taxation ,
Employment Tax ,
HMRC ,
Limited Liability Company (LLC) ,
Luxembourg ,
Machine Learning ,
Pensions ,
UK
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...more
11/6/2023
/ Appeals ,
Business Succession ,
Cayman Islands ,
Court of Justice of the European Union (CJEU) ,
Debt ,
Draft Guidance ,
EU ,
Hedge Funds ,
HMRC ,
Loan Repayment Issues ,
Partnership Agreements ,
Pensions ,
Securities ,
UK ,
Value-Added Tax (VAT)
The Upper Tribunal (UT) has upheld the decision of the First‑tier Tribunal (FTT) regarding the application of the UK’s salaried member rules (the Rules) to certain members of BlueCrest Capital Management (UK) LLP (BlueCrest),...more
Welcome to February’s edition of our UK Tax Round Up. The month has seen interesting cases on the “entitlement” to income and the single and multiple supply tests for VAT as well as announcement of the publication date for...more
VAT incurred on corporate advisory fees not recoverable -
In Ince Gordon Dadds LLP v HMRC, the First-tier Tribunal (FTT) has decided that Ince Gordon Dadds LLP (formerly Culver Holdings Limited and the taxpayer) (Culver)...more
2/1/2023
/ Acquisitions ,
Annotated Case Law ,
Appeals ,
Court of Justice of the European Union (CJEU) ,
GAAP ,
HMRC ,
International Tax Issues ,
OECD ,
Personal Services ,
Research and Development ,
UK ,
Value-Added Tax (VAT)
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...more
12/6/2022
/ Appeals ,
Bank Taxes ,
Capital Gains ,
Diverted Profits Tax ,
Dividends ,
HMRC ,
Income Taxes ,
Inheritance Tax ,
OECD ,
Transfer Taxes ,
UK
Welcome to the August 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, some of which we discuss below, and...more
UK Tax News and Developments - Latest on the Finance (No 2) Bill 2017 - On 20 July 2017 the government announced in Hansard that the House of Commons will, on Wednesday 6 September 2017, be asked to approve the Ways and Means...more
8/25/2017
/ Appeals ,
BEPS ,
Capital Gains ,
Corporate Taxes ,
EBITDA ,
GAAR ,
HMRC ,
Interest Income ,
Investment Funds ,
OECD ,
Tax Deductions ,
Tax Tribunal ,
UK ,
UK Brexit