News & Analysis as of

Tax Relief United Kingdom

Wilson Sonsini Goodrich & Rosati

Changes to Notification Requirements for EMI Options Granted On or After April 6

Companies granting enterprise management incentive (EMI) options to their UK tax resident employees are reminded they must notify HM Revenue & Customs (HMRC) of the awards. Failure to do so means that the option is not EMI...more

A&O Shearman

A new sustainable finance champion – demystifying the Community Investment Tax Relief (CITR) for institutional investors

A&O Shearman on

In 2003, the UK Government introduced the CITR scheme to provide private investors with a significant tax incentive to finance enterprises within disadvantaged communities through accredited CDFIs. Whilst a similar scheme is...more

Proskauer Rose LLP

UK Tax Round Up - July 2023

Proskauer Rose LLP on

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...more

BCLP

“For the rich but not the poor” but still entitled to charitable relief from business rates

BCLP on

In the case of London Borough of Merton Council v Nuffield Health [2023] UKSC 18 , the Supreme Court unanimously held that Nuffield Health was entitled to charitable relief of 80% from its business rates liability in respect...more

Cooley LLP

Research & Development Tax Regime Changes

Cooley LLP on

Significant changes to the UK’s Research & Development (R&D) tax relief regime are being introduced with effect from 1 April 2023. Some of the changes were announced in the 2021 Autumn Budget, while others were more recently...more

Cadwalader, Wickersham & Taft LLP

Burlington Loan Management DAC: Treaty Shopping Provisions Did Not Apply

The UK’s First-tier Tribunal recently held that the payment of interest received by Burlington Loan Management DAC (“BLM”) (an Irish tax resident company) was not to be denied the benefits of the relief afforded under the...more

Proskauer Rose LLP

UK Tax Round Up - March 2022

Proskauer Rose LLP on

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...more

Vinson & Elkins LLP

UK Autumn Budget and Spending Review 2021: Preparing for a Post-Covid, Post-Brexit Britain?

Vinson & Elkins LLP on

Chancellor of the Exchequer, Rishi Sunak, unveiled an unsurprising 2021 Autumn Budget and Spending Review (the Budget), as the headline grabbing fiscal plans had already mostly been leaked to the press (including by the...more

BCLP

UK Budget 2021 - The Data Centre spin on super-deductions

BCLP on

In the UK budget on 3 March, Rishi Sunak, the Chancellor, announced a significant improvement in tax relief for a two year period that may make the data centre industry sit up and consider investing in new equipment between 1...more

Proskauer - Tax Talks

UK Budget 2021

Proskauer - Tax Talks on

The UK has now been in lockdown, on and off, for the best part of a year. With the COVID-19 vaccination programme now in full swing in the UK, and hopefully with light at the end of tunnel, attention has inevitably turned to...more

Proskauer Rose LLP

UK Tax Round Up - September 2020

Proskauer Rose LLP on

UK COVID-19 Developments - Budget Cancelled - The Government announced on 23rd September that the Budget scheduled for November would, as a result of the ongoing Covid-19 pandemic, now not take place....more

McDermott Will & Emery

Making Use of UK Tax Reliefs for Impact Investing

McDermott Will & Emery on

Tax Reliefs for Impact Investing in the United Kingdom: What You Should Know - The United Kingdom, like other markets, has seen rapid growth in the popularity of “impact investing,” where the investor’s intention is to...more

BCLP

Restarting the UK economy: how bad is it and what happens now?

BCLP on

The UK Chancellor has delayed announcing a major economic stimulus package of tax cuts and spending pledges until the autumn – presumably in the hope that he will have a clearer picture by then of how quickly the UK economy...more

BCLP

Philanthropy and Covid-19: seeking to maximise the impact of charitable giving

BCLP on

As the coronavirus continues to affect societies across the world, many people are thinking about what they could do to help. Communities everywhere are experiencing financial hardship as businesses close and jobs are cut,...more

BCLP

COVID-19 update: UK tax measures

BCLP on

In the light of COVID-19, HMRC has taken various measures which modify the UK’s taxation system. This blog post summarises the changes which UK taxpayers should be aware of, and the tax implications of various other measures...more

BCLP

Non-UK corporate landlords: tax and debt restructurings

BCLP on

From 6 April 2020, all non-UK resident corporate landlords (NRLs) are within the charge to UK corporation tax on the income from their UK property rental business (PRB) and on capital gains from direct or indirect disposals...more

White & Case LLP

COVID-19 – Key UK Employment Issues Guidance Note (Updated)

White & Case LLP on

Companies and their workforces are in unprecedented circumstances, with COVID-19 changing situations and advice on a frequent basis.  In this alert, we have set out below the key issues faced by employers across the UK and...more

Goodwin

Answers to FAQ about the UK Government’s ‘Future Fund’ Financing Package

Goodwin on

On 20 April 2020, the UK government (“Government”) announced the Future Fund, providing financing to UK companies (including to start-ups and scale-ups in the technology and life sciences sectors) in the form of a convertible...more

Latham & Watkins LLP

COVID-19: Key UK Business Measures - Current State of Play

Latham & Watkins LLP on

Given the many fast-paced UK government announcements of COVID-19-related measures, this Alert provides an up-to-date summary as of 24 March 2020. Key Points: ..In a series of announcements starting with the budget on...more

Proskauer - Tax Talks

Latest on Abolition of Entrepreneurs’ Relief

Proskauer - Tax Talks on

There has been much talk recently about “review and reform” (or abolition) of entrepreneurs’ relief. This seems to have moved a step closer this week with Boris Johnson stating that the Treasury are “fulminating” against it...more

Katten Muchin Rosenman LLP

Proposed Changes to Entrepreneurs' Relief

In the UK Government's Fall 2018 budget (Budget), recent changes were announced to Entrepreneurs' Relief to ensure that relief is available only to "genuine entrepreneurs". Entrepreneurs' Relief reduces the rate of capital...more

MoFo Tech

The UK’s Last Budget Before Brexit – Tech, Tax and Temerity

MoFo Tech on

A digital services tax for “tech giants”, additional conditions for Entrepreneurs’ Relief, amendments to the loss relief rules, and a host of tax-avoidance measures: we outline the key tax proposals from the Autumn Budget...more

Akin Gump Strauss Hauer & Feld LLP

New Regulator, New Rules: The OGA’s Decommissioning Costs Estimates for the UKCS

A recent report on decommissioning provides up-to-date predictions for the future costs of dismantling infrastructure in the United Kingdom Continental Shelf. It is the first financial estimate by the Oil & Gas Authority...more

King & Spalding

UK Government Considers Changes to Tax Rules to Keep Late Life-Oil and Gas Assets Producing for Longer

King & Spalding on

On 20 March 2017, the UK Government published “Tax issues for late-life oil and gas assets: discussion paper” (the Discussion Paper). Its publication followed a call from the UK North Sea oil and gas lobby group for a change...more

24 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide