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 Candy, the First-tier Tax Tribunal (FTT) decided that paragraph 34 of Sch 10 to the Finance Act 2003 (FA 2003) provides a remedy when...
Pensions analysis: In the determination of Dr D, CAS-70911-G6X6, the Pensions Ombudsman partially upheld a complaint by a member who incurred a large...
Pensions analysis: In the determination of Dr N, CAS-93557-F1X2, the Pensions Ombudsman has rejected a complaint about an additional tax charge caused...
This week's edition of Tax weekly highlights includes: (1) the Court of Appeal decision on VAT in WTGIL, (2) News Analysis on the UT’s decision in...
Tax analysis: In WTGIL Ltd, the Court of Appeal decided that, where an insurance intermediary has supplied intermediary services in relation to car...
Latest Tax Practice Notes
Tax—consolidated HMRC Manuals trackerThis Practice Note is a consolidated version of the HMRC Manuals tracker that appears each week in the Tax weekly...
Doing business in: ArgentinaUpdated July 2024IntroductionThe Argentine Republic is sub-divided in 23 provinces and one federal district, the City of...
Doing business in: New ZealandUpdated in March 2023IntroductionThe business environmentForming a companyFinancing a companyOpening a branch...
Doing business in: the USUpdated in July 2024IntroductionThe US has one of the most competitive economies in the world. It is the largest national...
Doing business in: BrazilUpdated in April 2024IntroductionBrazil is the fifth largest country in the world by geographical area (3,287,956 sq mi), and...
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...
United Kingdom Taxation General The following paragraphs, which are intended as a general guide only [and not a substitute for...
document' class='Clauses'> United Kingdom Taxation Certain UK tax considerations The following statements, which are intended as...
2% SDLT surcharge for non-residents—training materialsThese Training Materials cover the 2% stamp duty land tax (SDLT) surcharge that applies from 1...
Indemnity for tax deductions clause—joint venture agreement1Deductions from payments and indemnity for tax deductions1.1[Subject to anything to the...
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
Importation
The removal of goods from a third country into an EU member state.
Loan relationships regime
A regime that brings together the interest and exchange movements arising on a company's debt relationships and gains and losses arising from the company's holding of a financial instrument.
Transfer pricing
A regime which requires a business enterprise to calculate its taxable profits arising from transactions with related persons by reference to an arm's length result.
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