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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
The Law Commission has published a document addressing frequently asked questions (FAQs) about digital assets in private international law, with a...
Tax analysis: In HMRC v Yorkshire Agricultural Society [2025] UKUT 4 (TCC) (9 January 2025), the Upper Tribunal (UT) decided that admission charges to...
Pensions analysis: The Deputy Pensions Ombudsman has rejected a complaint about the application of a late retirement factor and a failure to warn on...
Tax analysis: In Bridgecom, the Upper Tribunal (UT) dismissed Bridgecom International Ltd’s (BIL’s) appeal against an adverse costs decision of the...
Tax analysis: In The Mersey Docks and Harbour Company Ltd v HMRC [2024] UKFTT 1163 (TC) (23 December 2024), the First-tier Tax Tribunal (FTT) allowed...
Latest Tax Practice Notes
Loan relationships—unallowable purpose ruleAs more fully discussed in Practice Note: Loan relationships—the main tax rules, the general rule is that...
Umbrella companies—tax implicationsFORTHCOMING CHANGE: following a call for evidence and consultation by the previous government, it was announced at...
Tax Information Exchange AgreementsThis Practice Note provides a brief introduction to Tax Information Exchange Agreements (TIEAs). For a general...
IHT and close companiesFORTHCOMING CHANGE: The newly elected Labour Government announced on 29 July 2024 that the government intends to replace the...
Transfer of Assets Abroad—EU DefenceFORTHCOMING CHANGE: Abolition of non-dom regime and introduction of residence-based IHT regimeAt Autumn Budget...
Latest Tax Precedents
Capital allowances clauses—property sale contract1Capital allowances—for use where the Seller has claimed a first-year allowance or pooled qualifying...
Disclosable cross-border tax arrangements—DAC 6—training materials [Archived]ARCHIVED: These Training Materials have been archived and are not...
Election—capital allowances apportionment on grant of lease—CAA 2001, s 199[Date][Grantor's name and Unique Taxpayer Reference (UTR)][Grantee's name...
Election—capital allowances apportionment on sale of land—CAA 2001, s 198[Date][Transferor's name and Unique Taxpayer Reference (UTR)][Transferee's...
Acknowledgment of changes to terms and conditions of employment to implement salary sacrifices[insert date of letter]This document summarises certain...
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
Capital allowance
An allowance made for certain types of capital expenditure to be used as reductions against a company's corporation or income tax liability on profits.
MTIC fraud
Missing trader intra-community (MTIC) fraud is a form of VAT evasion that involves the trader who is liable for an amount of VAT going missing or hiding behind a false identity such that the VAT due cannot be recovered.
Tax covenant
A contractual promise by the seller to pay the buyer an amount equal to any tax liability of the target company or group covered by the tax covenant. It is not a promise to pay the tax but a mechanism for shifting the cost of the tax onto the seller.
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