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
Tax analysis: In RBC, The Supreme Court dismissed HMRC's appeal and upheld the Court of Appeal's decision that Article 6 of the UK-Canada double tax...
This week's edition of Tax weekly highlights includes: (1) the Supreme Court decision in Royal Bank of Canada that the UK-Canada DTT did not give the...
Tax analysis: The Supreme Court, by a majority, dismissed HMRC’s appeal, holding that payments received by Royal Bank of Canada (RBC) did not...
Law360: On 10 February 2025 a New York federal jury found, by 'clear and convincing evidence', that Denmark's tax agency reasonably relied on the...
Tax analysis: In Sarabande, the First-tier Tax Tribunal (FTT) decided that the appellant, Sarabande (SB) did not make an exempt supply of land to its...
Latest Tax Practice Notes
EIS—process for seeking advance assurance and claiming reliefThe EIS is designed to encourage investment in smaller, higher-risk trading companies by...
Loan relationships—intra-group transfersThe general rule is that a company’s profits and losses from its loan relationships are computed and brought...
Landfill tax—England and Northern IrelandWhat is landfill tax?Landfill tax is an environmental tax administered in England and Northern Ireland by the...
Climate change agreements (CCA)What is the climate change agreement scheme?The CCA scheme entitles eligible facilities to receive a reduced rate...
Plastic packaging taxPlastic packaging—the problemPlastic packaging accounts for 44% of plastic used in the UK and accounts for 67% of plastic waste,...
Latest Tax Precedents
Tax warranties—short form1Compliance1.1ReturnsThe Company has duly and properly submitted all [material] computations and returns (including all land...
Indemnity for tax deductions clause—joint venture agreement1Deductions from payments and indemnity for tax deductions1.1[Subject to anything to the...
Share purchase agreement—pro-buyer—corporate seller—conditional—long formThis Agreement is made on [insert day and month] 20[insert...
Loan note instrument—takeover—loan note alternativeThis Loan Note Instrument is made on [insert day and month] 20[insert year]by1[insert name of...
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...
Latest Tax Q&As
Featured Tax content
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...
VAT treatment of parking facilities
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)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What is an intangible fixed asset?
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 and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
Commercial service charges—VAT implications
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
Amortisation of intangible fixed assets
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 payments
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 UK
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 disbursements
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]
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 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...
Transfer pricing and private equity transactions
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?
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 deductions
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 VAT
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 purposes
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 lending
Types of lendingOverdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving...
Associated legal terms
Business
The term "business" used in the UK legislation must be construed, as far as possible, to give effect to Directive 2006/112/EC, which uses the terminology "economic activity".
Indexation allowance
An allowance applicable to corporation tax liabilities in respect of chargeable gains, which seeks to compensate the taxpayer for the effects of inflation.
Substantial shareholdings exemption
An exemption from corporation tax in respect of gains arising to a company from its disposal of substantial (10% or more) shareholdings (including shares, an interest in shares, or certain assets related to shares) in certain other companies, by excluding that gain from being a chargeable gain (Taxation of Chargeable Gains Act 1992 (TCGA 1992), Sch 7AC, para 1).
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