28 Nov, 2022 UK MDR and DAC6 By Jeremy McCallum HMRC has published its summary of responses to the consultation process with respect to the UK mandatory disclosure rules (UK MDR). The...
27 Sep, 2022 New lease of life for Company Share Option Plans? By Rasmus Berglund Tom Ingham Part of the Chancellor’s “mini-Budget” on Friday 23 September included news that, from 6 April 2023, the longstanding limit on the value...
05 Sep, 2022 Creating policies fit for purpose – hybrid working arrangements By Philip Swinburn Matthew Ramsey The Office of Tax Simplification (OTS) has released an open consultation on the emerging trends and tax implications of hybrid and...
02 Aug, 2022 Is working from a holiday home about to become simpler? OTS launches review of remote working By Rhiannon Kinghall Were Philip Swinburn The pandemic has created a notable shift in the approach individuals and companies are taking to remote working which prompts a number of...
21 Jul, 2022 L-Day: UK Pillar Two implementation marches on By Bezhan Salehy Tax enthusiasts will have plenty to read on the beach this summer following yesterday’s publication of the UK Government’s summary of...
11 Jul, 2022 EC follow-up proposal linked to non-EU shell entities published By Rhiannon Kinghall Were Since the European Commission (EC) stated its intention to widen the scope of the Unshell Directive (ATAD 3) to tackle non-EU shell...
05 Jul, 2022 Waning immunity? Government consults on reforming sovereign immunity from tax By Bezhan Salehy Sarah Shucksmith Sovereign immunity – the principle that foreign governments and heads of state have immunity from certain taxes including Income Tax,...
22 Jun, 2022 Updated Qualifying Asset Holding Company guidance on the activity condition By Rhiannon Kinghall Were HMRC recently updated its guidance on the distinction between trade versus investment in relation to the Qualifying Asset Holding Company...
14 Jun, 2022 UK defers Pillar 2 commencement to 31 December 2023 By Bezhan Salehy Rhiannon Kinghall Were In a surprise announcement today the UK government has postponed the start date for its Pillar 2 top-up tax rules by nine months to 31...
09 May, 2022 Pillar One: assessing the asset management carve-out By Bezhan Salehy On 6 May the OECD published its proposals for the exclusion of regulated financial services activities from Pillar One of the BEPS 2.0...
01 Apr, 2022 UK asset holding company regime opens for elections By Rhiannon Kinghall Were Following two years of consultation, the UK qualifying asset holding company (QAHC) regime has opened its doors. From 1 April 2022...
25 Mar, 2022 Spring Statement 2022: key announcements for tax compliance By Jackelyn West Sophie Rhind It comes as no surprise that the Spring Statement 2022 is focused on the cost of living crisis exacerbated by the war in Ukraine. As well...
16 Mar, 2022 Pillar Two: the latest developments from the OECD and EU By Bezhan Salehy The OECD continued the process of Pillar Two implementation with two announcements on Monday 14 March. The first was the publication of...
01 Mar, 2022 Supreme Court refuses permission in Development Securities By Jackelyn West A year ago we wrote about the Court of Appeal’s decision in Revenue and Customs Commissioners v Development Securities plc and others...
01 Mar, 2022 HMRC updates its guidance on the VAT treatment of contract termination payments By Jack Slater Chris Mortimer After a long wait, HMRC has finalised its guidance on the VAT treatment of contract termination payments in R&C Brief 2 (2022). The...
21 Feb, 2022 Next steps for UK funds regime review By Rhiannon Kinghall Were On 10 February 2022 HMT published its formal response to its review of the UK funds regime and set out a series of actions it is planning...