Andrew Loan

Fieldfisher

Andrew Loan, Of Counsel, in the London office of Fieldfisher has over 15 years' experience advising on a wide variety of corporate tax and VAT matters. Andrew has a particular focus on taxation issues in the context of acquisitions and disposals of public and private companies, and also the taxation of corporate groups, real estate and investment funds, and tax investigations and disputes.

Andrew is a solicitor and a chartered tax adviser, and has served as an officer of the taxes committee of the International Bar Association for the last four years.

Andrew has written articles for a variety of publications, including Taxation, the Tax Journal, and PLC magazine, and speaks regularly at international conferences on tax matters

Contributed to

2

Compensation payments made by banks—non-deductibility and notional trade receipt

Practice notes

This Practice Note explains the rule that prevents banking companies from claiming tax deductions for compensation expenses and adds a sum equal to 10% of the non-deductible compensation expense to the relevant banking company’s taxable profits. This Practice Note has been produced in partnership with Andrew Loan of Fieldfisher LLP.

Tax

Corporation tax surcharge on banking companies

Practice notes

This Practice Note outlines the corporation tax surcharge that, subject to an annual allowance, has applied to the surcharge profits of banking companies since 1 January 2016. This Practice Note was produced in partnership with Andrew Loan of Fieldfisher LLP.

Tax