Tax insights

In-house legal forum: UK

Keep on top of significant new regulatory and legal developments with our forum, aimed at in-house legal and company secretarial teams.

United Kingdom | Webinar series | April 16, 2024

Spring Budget 2024: an election year

This was an election year budget with the focus on personal taxes and quiet on the corporate tax side. Key personal tax measures had largely been trailed: the 2% reduction to the main rate of class 1 employee National Insurance contributions (NICs) and class 4 NICs and reform of the regime for non-domiciled individuals.

United Kingdom | Publication | March 26, 2024

Global Minimum Tax Rate – its impact on the world of aviation

There has been much commentary recently about the OECD’s proposal for countries to introduce a global minimum tax rate.

Global | Publication | January 24, 2024

Update on the VAT treatment of directors’ fees

On 21 December 2023, the Court of Justice of the European Union (CJEU) rendered a decision (case C 288/22 TP vs. Administration de l'enregistrement, des domaines et de la TVA) implying that directors’ fees should not be subject to Value Added Tax (VAT). This breakthrough decision overrides the established position of the Luxembourg VAT authorities and notably the Circular N°781, issued on 30 September 2016, which stated that directors’ fees were indeed subject to VAT as board members are carrying out an independent economic activity. It may also have implications elsewhere in the EU.

Global | Publication | January 08, 2024

UK - Luxembourg double tax treaty: Ratified by both Luxembourg and UK particular significance for UK real estate holding structures

The United Kingdom and Luxembourg signed an updated double tax convention and protocol (DTT) in July 2022.This has now been ratified by both the UK and Luxembourg, and as such, it will become effective for UK income and capital gains tax purposes in April 2024 and 1 January 2024 for income withheld at source.

Global | Publication | December 14, 2023

The UK Construction Industry Scheme (CIS)

The CIS was introduced to counter perceived tax evasion in the construction industry and certain other businesses.

United Kingdom | Publication | December 05, 2023

Autumn Statement 2023: back to work with 110 measures

The Chancellor used the Autumn Statement 2023 to set out 110 measures with the stated aim of boosting the economy.

Global | Publication | December 04, 2023

Tax claims in M&A transactions: practical issues and potential pitfalls

Tax warranties and indemnities in M&A transactions are intended to allocate the risk of unforeseen pre-completion tax liabilities between the buyer and seller.

Global | Publication | November 09, 2023

Pillar 2: Understanding the Substance-Based Carve-Out in Global Taxation

The Base Erosion Profit Shifting (BEPS) Pillar Two is the Organization for Economic Co-operation and Development’s (OECD) reform of the international tax system

Global | Publication | November 08, 2023