Weil Tax BLOG - Feed https://tax.weil.com/category/uk-tax/hmrc/ Views and developments from the Tax Department at Weil Fri, 22 May 2026 16:18:43 +0000 hourly 1 Consultation on combatting tax avoidance: stop and go https://tax.weil.com/insights/consultation-on-combatting-tax-avoidance-stop-and-go/ Fri, 02 Jun 2023 16:03:53 +0000 Oliver Walker Erica Rees https://tax.weil.com/?p=1901 As announced in Spring Budget 2023, the government is considering further measures to combat tax avoidance (see News brief “Spring Budget 2023: enterprise, everywhere, all at once”, www.practicallaw.com/w-038-9571). True to its word, on 27 April 2023, it launched a consultation on tougher consequences for promoters of tax avoidance, which includes two key proposals: The government

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]]> As announced in Spring Budget 2023, the government is considering further measures to combat tax avoidance (see News brief “Spring Budget 2023: enterprise, everywhere, all at once”, www.practicallaw.com/w-038-9571). True to its word, on 27 April 2023, it launched a consultation on tougher consequences for promoters of tax avoidance, which includes two key proposals: The government

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]]> HMRC Publishes New VAT Guidance https://tax.weil.com/insights/hmrc-publishes-new-vat-guidance/ Mon, 14 Sep 2020 08:00:00 +0000 Stuart Pibworth Weil Tax Blog http://tax.weil.com/?p=1056 In early September 2020, HMRC updated its guidance on the VAT treatment of early termination fees, compensation payments and liquidated damages following recent decisions of the Court of Justice of the European Union (“CJEU”). Whether a payment is a supply for VAT purposes depends on whether anything is done in return for that payment; where

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]]> In early September 2020, HMRC updated its guidance on the VAT treatment of early termination fees, compensation payments and liquidated damages following recent decisions of the Court of Justice of the European Union (“CJEU”). Whether a payment is a supply for VAT purposes depends on whether anything is done in return for that payment; where

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]]> The Finance Act 2020: Provisions for Joint and Several Tax Liability for Directors, Managers, Shareholders and Lenders https://tax.weil.com/insights/the-finance-act-2020-provisions-for-joint-and-several-tax-liability-for-directors-managers-shareholders-and-lenders/ Fri, 07 Aug 2020 12:28:39 +0000 Oliver Walker Natasha Ayres Ellie Marques http://tax.weil.com/?p=1027 The Finance Act 2020 provides that directors, managers, shareholders, lenders and others can be made jointly and severally liable for the outstanding tax debts of insolvent (or potentially insolvent) companies and limited liability partnerships (LLPs). From 22 July, officers of HMRC may, if they consider the various conditions are met, issue a notice to directors

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]]> The Finance Act 2020 provides that directors, managers, shareholders, lenders and others can be made jointly and severally liable for the outstanding tax debts of insolvent (or potentially insolvent) companies and limited liability partnerships (LLPs). From 22 July, officers of HMRC may, if they consider the various conditions are met, issue a notice to directors

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]]> No Surprises: Outcomes from HM Treasury’s Review of Changes to the Off-Payroll Working Rules https://tax.weil.com/insights/hmrc-changes-to-ir35-rules/ Mon, 16 Mar 2020 09:46:00 +0000 Oliver Walker Akash Mehta http://tax.weil.com/?p=861 Update: on 17 March 2020, the Chief Secretary to the Treasury announced that the introduction of the IR35 reforms will be delayed until 2021, as part of emergency measures to address the effects of the spread of COVID-19 The Government has recently completed another review of the changes to the off-payroll working rules, which extend

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]]> Withholding Tax: HMRC’s Revised Approach to Late Payment Interest on Intra-EU Interest and Royalties Payments https://tax.weil.com/latest-thinking/hmrc-late-payment-interest/ Tue, 28 Jan 2020 17:02:30 +0000 Stuart Pibworth http://tax.weil.com/?p=825 Recently HMRC has updated its published guidance to reflect its new policy not to impose late payment interest in respect of intra-EU payments of interest and royalties where those payments are made gross notwithstanding that treaty clearance to make gross payments has not been obtained at the time of making the payment. The new policy

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]]> Cryptoassets: The UK Tax Net Widens https://tax.weil.com/latest-thinking/cryptoassets-hmrc-uk-tax-net-widens/ Thu, 23 Jan 2020 14:06:58 +0000 Oliver Walker Akash Mehta http://tax.weil.com/?p=817 HMRC have recently revised their guidance on the UK tax treatment of cryptocurrencies for individuals; specifically, in relation to “exchange tokens” held by individuals who are not domiciled in the UK for UK tax purposes.  For these purposes, HMRC use the term “exchange tokens” to include more familiar cryptocurrencies such as Bitcoin, as well as

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]]> Joint and Several Liability of Company Directors: Draft Finance Bill 2020 https://tax.weil.com/restructuring/draft-finance-bill-2020-and-corporate-insolvency/ Wed, 06 Nov 2019 16:02:46 +0000 Oliver Walker Stuart Pibworth Bryony Pearson http://tax.weil.com/?p=728 Speed-read The Finance Bill 2019-20 proposes new powers that, if enacted, would enable HMRC to make directors and certain other individuals connected to companies which, for these purposes, includes limited liability partnerships, (“LLPs”) jointly and severally liable for the company’s tax liabilities if the company is subject to, or there is a risk that it

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]]> New Tax Developments for Insolvency and Restructuring Deals https://tax.weil.com/latest-thinking/new-tax-developments-for-insolvency-and-restructuring-deals/ Mon, 13 May 2019 15:19:41 +0000 Oliver Walker Ellie Marques http://tax.weil.com/?p=509 The below is a quick snapshot of three recent tax-related developments in the insolvency and restructuring sphere. Farnborough – appointment of a receiver and tax grouping The Court of Appeal recently handed down its judgment in the case of Farnborough Airport Properties Co and another v Revenue and Customs Commissioners, which concerned the effect of

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]]> The below is a quick snapshot of three recent tax-related developments in the insolvency and restructuring sphere. Farnborough – appointment of a receiver and tax grouping The Court of Appeal recently handed down its judgment in the case of Farnborough Airport Properties Co and another v Revenue and Customs Commissioners, which concerned the effect of

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]]> Enterprise Management Incentives (EMI) Schemes https://tax.weil.com/uk-tax/hmrc/enterprise-management-incentives-emi-schemes/ Thu, 11 Apr 2019 11:30:53 +0000 Erica Rees http://tax.weil.com/?p=493 On 6 April 2018, the EU State Aid approval which is critical to the operation of Enterprise Management Incentive (“EMI”) options expired.  Two days beforehand, HMRC published Issue 27 of its Employment Related Securities Bulletin, setting out information regarding the implications. Due to the limited availability of the regime, the tax reliefs arising in respect

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]]> On 6 April 2018, the EU State Aid approval which is critical to the operation of Enterprise Management Incentive (“EMI”) options expired.  Two days beforehand, HMRC published Issue 27 of its Employment Related Securities Bulletin, setting out information regarding the implications. Due to the limited availability of the regime, the tax reliefs arising in respect

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]]> Changing the Insolvency Waterfall – HMRC to Become a Preferential Creditor Again https://tax.weil.com/uk-tax/hmrc/changing-the-insolvency-waterfall-hmrc-to-become-a-preferential-creditor-again/ Thu, 01 Nov 2018 16:40:36 +0000 Adam Plainer Mark Lawford http://tax.weil.com/?p=507 The recent budget flagged the re-introduction of preferential creditor status for the UK tax authority (HMRC) in insolvencies in certain limited circumstances. The changes will be effective from 6 April 2020 (no draft legislation is available yet) and will provide for HMRC to become a preferred creditor in relation to, in broad terms, amounts collected

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]]> The recent budget flagged the re-introduction of preferential creditor status for the UK tax authority (HMRC) in insolvencies in certain limited circumstances. The changes will be effective from 6 April 2020 (no draft legislation is available yet) and will provide for HMRC to become a preferred creditor in relation to, in broad terms, amounts collected

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