Content written by the author of the leading textbook in this area and includes several sector specific Practice Notes. It links directly to Tolley’s Orange Tax Handbook, Tax Journal and key text De Voil.
Excellent practical content for loans, derivatives and debt capital markets. The content links directly to Tolley’s Yellow Tax Handbook, Simon’s Taxes, Tolley annuals, Tax Journal and key text Ghosh Johnson and Miller.
This is an area where many people find themselves a bit at sea. Our content is practical, detailed and covers the major issues in dealing with a tax enquiry or dispute.
When you need to delve deeper, Lexis+® Tax links you to trusted tax texts, including Tolley’s Yellow and Orange Tax Handbooks, Simon’s Taxes, Sergeant and Sims, De Voil, Tax Journal and Taxation.
This week's edition of Tax weekly highlights includes:(i) the provisions of the Budget Responsibility Act 2024 coming into force on 15 October 2024,...
Pensions analysis: In Haigh v Revenue and Customs Commissioners (‘Haigh’), the First Tier Tribunal (FTT) dismissed Mr Haigh’s (the Appellant) appeal...
Law360: AXA told the Court of Appeal on 15 October 2024 that a limitation ruling in a test case against HMRC over taxes collected under a violation of...
Tax analysis: In BTR Core Fund JPUT, the First-tier Tax Tribunal (FTT) dismissed the taxpayer’s appeal against HMRC’s decision to reject its claim for...
Tax analysis: In the Trustees of the Panico Panayi Accumulation and Maintenance Settlements Numbers 1 to 4, the Upper Tribunal (UT) considered two...
Venture capital investmentVenture capital is a type of private equity investment provided to early stage, start-up businesses with little or no...
SME R&D relief—additional deduction (pre-1 April 2024)This Practice Note is about the main research and development (R&D) relief scheme for small or...
The merged R&D expenditure credit (post-1 April 2024)This Practice Note describes the merged R&D expenditure credit scheme (the merged RDEC), which is...
Brexit timelineOn 23 June 2016, the UK held a referendum on its membership of the EU, with a majority voting in favour of the UK leaving the EU. On 29...
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
Tax warranties—short form1Compliance1.1ReturnsThe Company has duly and properly submitted all [material] computations and returns (including all land...
Retained EU law—training materials [Archived]ARCHIVED: This Precedent has been archived and is not maintained.These training materials consist of...
Share purchase agreement—cross-borderThis Agreement is made on [insert day and month] 20[insert year]Parties1[Insert name of selling corporate...
Disclosable cross-border tax arrangements—DAC 6—training materials [Archived]ARCHIVED: These Training Materials have been archived and are not...
Share purchase agreement—pro-buyer—corporate seller—conditional—long formThis Agreement is made on [insert day and month] 20[insert...
Direct tax treatment of damages and compensation paymentsWhere a dispute is brought to an end by a payment of damages or compensation, whether under a...
VAT treatment of parking facilitiesThis Practice Note is about the VAT treatment of parking facilities.This Practice Note contains references to EU...
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What is an intangible fixed asset?Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to...
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
Taxation of gambling in the UKCoronavirus (COVID-19): in light of the coronavirus crisis, HMRC has announced a change to the way returns for General...
VAT treatment of intermediaries, agents and disbursementsFor VAT purposes, an intermediary is a person who makes arrangements for, or facilitates, a...
Tax—Finance Act 2022—progress through Parliament [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note...
Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
Transfer pricing and private equity transactionsIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time...
What is a trade for tax purposes?A company is subject to corporation tax on the profits of its trade or trades in accordance with the rules found in...
Taxation of trading profits—basis, receipts and deductionsOnce a company has established that it has a trade (for which see Practice Note: What is a...
Partnerships and VATA general partnership is treated, for VAT purposes, as though it were a separate taxable person.This note is about:•the nature of...
Ordinary share capital—what it means and why it matters for UK tax purposesThe concept of ordinary share capital is important for UK tax purposes....
Types of lendingOverdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving...
Subject to some exceptions, a close company is a company (1) which is controlled by five or fewer participators, or (2) which is controlled by its directors, or (3) more than half of the assets of which would be distributed to five or fewer participators, or to participators who are directors, in the event of its winding up.
A simplified method of accounting for VAT.
Where the legislation provides that it is the customer rather than the supplier who is required to account for the VAT on supplies.