About Tax Law
In corporate tax, there’s no hiding. An opinion won’t cut it, unless it’s backed up by authority. And in such a complex, ever-changing area there’s no room for mistakes.
VAT
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.
Finance
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.
Taxes management and litigation
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.
Trusted tax tests
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.
Topics We Cover
Latest Tax News
This week's edition of Tax weekly highlights includes: (1) analysis of the High Court’s decision in Aubrey Weis v HMRC concerning the taxpayer’s claim...
Tax Analysis: In Aubrey Weis v HMRC, the High Court granted the claimant’s application to extend time to bring judicial review proceedings against...
Tax analysis: In GW Martin & Co Ltd & another v HMRC, the First-tier Tax Tribunal (FTT) dismissed the appeals brought by the appellant companies,...
This week's edition of Tax weekly highlights includes: (1) News Analysis on the FTT’s decision in Isle of Wight NHS Trust concerning the VAT treatment...
Tax analysis: In Isle of Wight NHS Trust v HMRC, the First-tier Tax Tribunal (FTT) decided that VAT at the standard rate had incorrectly been charged...
Latest Tax Practice Notes
Section 198 and 199 elections on transactions involving real estateFORTHCOMING CHANGE: At Spring Budget 2024, the previous Conservative government...
Insolvency Act 1986 section 110 arrangementsThis Practice Note considers arrangements under section 110 of the Insolvency Act 1986 (IA 1986) (also...
SDLT—pre-completion transactionsIt was established under the stamp duty rules that relief should be available to a person who has contracted to buy an...
SDLT—notifiable transactionsThis Practice Note considers the steps to take in relation to SDLT once it is established that there is a chargeable...
Residential property developer taxWhat is the residential property developer tax?The residential property developer tax (RPDT) aims to bring an end to...
Latest Tax Precedents
IR35—the large and public client off-payroll regime—private sector client size information[To be set out on client’s headed notepaper or with client’s...
IR35—the large and public client off-payroll regime—status determination disagreement process[To be set out on client’s headed notepaper or with...
IR35—the large and public client off-payroll regime—status determination statement (SDS)[To be set out on client’s headed notepaper or with client’s...
Settlement agreement (employment)—indicative tax treatment and post-employment notice pay (PENP) calculation without prejudice and subject to...
VAT TOGC clause—property sale contractTransfer of a going concern1The Seller and the Buyer intend that the sale and transfer of the Property in...
Latest Tax Q&As
Featured Tax content
VAT treatment of damages and compensation payments
VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
The double taxation treaty passport scheme (DTTP scheme)
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What are capital allowances and capital expenditure?
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
If the words ‘exclusive of VAT’ are omitted from the definition of annual rent, but there is a VAT clause stating: ‘Where this lease requires the tenant to pay or provide any amount in respect of a VAT supply to the tenant...that amount will be deemed to be exclusive of VAT...and the tenant shall pay a sum equal to that VAT’, will this be sufficient to charge the tenant VAT? Is there any case law in this area?
Direct tax treatment of damages and compensation payments
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...
Residential service charges—VAT implications
Residential service charges—VAT implicationsThis Practice Note is about the VAT treatment of residential service charges.Service charges payable to...
Commercial service charges—VAT implications
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
Taxation of UK LLPs
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...
Qualifying charitable donations and excess management expenses
Qualifying charitable donations and excess management expensesAll companies within the charge to corporation tax can deduct qualifying charitable...
Amortisation of intangible fixed assets
Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
The Budget and Finance Bill process
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
Tax treatment of reorganisations of share capital
Tax treatment of reorganisations of share capitalThis Practice Note is about the meaning of a reorganisation for tax purposes, and the tax treatment...
Capital gains—intra-group asset transfers
Capital gains—intra-group asset transfersCompanies which form a group for capital gains purposes are able to transfer assets to one another free of...
VAT treatment of intermediaries, agents and disbursements
VAT treatment of intermediaries, agents and disbursementsFor VAT purposes, an intermediary is a person who makes arrangements for, or facilitates, a...
Taxation of private equity funds—the investors
How are investors in a private equity fund taxed on their share of the profits?This Practice Note sets out how the investors in a typical UK private...
Tax and offshore funds—what is an offshore fund?
Taxation of offshore funds—what is an offshore fund?Background to the offshore funds rulesSpecific tax legislation dealing with offshore funds was...
Partnerships and capital gains
Partnerships and capital gainsThis Practice Note is about the capital gains tax and corporation tax on chargeable gains treatment of UK general...
Tax considerations on a loan agreement—the tax gross up clause
Tax considerations on a loan agreement—the tax gross up clauseIt is standard market practice for loan agreements (also known as facility agreements),...
Associated legal terms
Flat-rate scheme
A simplified method of accounting for VAT.
Manufactured dividend
A manufactured dividend is an amount which is representative of a dividend on UK shares and is required to be paid by one person to another under an arrangement between them for the transfer of the shares (Corporation Tax Act 2010 (CTA 2010), s 782); a manufactured overseas dividend is an amount which is representative of an overseas dividend on overseas securities and is required to be paid by one person to another under an arrangement between them for the transfer of the overseas securities (CTA 2010, s 790).
VAT representative
The commissioners may allow an overseas trader who does not have a presence in the UK to voluntarily appoint a VAT representative in order to secure compliance by such a trader; they may direct such a trader to appoint a VAT representative if, but only if, he is established in a third country which does not have mutual assistance arrangements with the UK.
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