Weil Tax BLOG - Feed https://tax.weil.com/category/uk-tax/income-tax/ Views and developments from the Tax Department at Weil Fri, 24 Apr 2026 11:53:35 +0000 hourly 1 Is a share option (or other security) granted to an employee or director always within the charge of UK income tax? The Vermilion case offers some guidance. https://tax.weil.com/insights/is-a-share-option-or-other-security-granted-to-an-employee-or-director-always-within-the-charge-of-uk-income-tax-the-vermilion-case-offers-some-guidance/ Tue, 14 Nov 2023 09:37:22 +0000 Oliver Walker Kevin Donegan Mila Kostadinova https://tax.weil.com/?p=2042 Background On 25 October 2023, the UK Supreme Court handed down its long-awaited judgment in HMRC v Vermilion[1]. The case concerned an individual investor – Mr Noble – whose company (Quest Advantage Ltd) (“Quest“) was engaged to advise Vermilion on a turnaround strategy. The costs of the project exceeded the budget, and Vermilion granted Quest

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]]> Autumn Budget 2018 https://tax.weil.com/uk-tax/straight-to-the-point/autumn-budget-2018/ Mon, 29 Oct 2018 22:10:19 +0000 Oliver Walker http://tax.weil.com/?p=506 The Chancellor delivered the 2018 Autumn Budget this afternoon. Here is a summary of the key announcements.

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]]> The Chancellor delivered the 2018 Autumn Budget this afternoon. Here is a summary of the key announcements.

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]]> The Ardmore Ruling: Between a Rock and a Difficult Place https://tax.weil.com/uk-tax/straight-to-the-point/the-ardmore-ruling-between-a-rock-and-a-difficult-place/ Tue, 07 Aug 2018 16:43:32 +0000 Oliver Walker Stuart Pibworth http://tax.weil.com/?p=501 It was perhaps unsurprising that in June the UK Court of Appeal ruled in favour of the UK tax authority (HMRC) in the Ardmore case. Broadly speaking, the court confirmed the existing understanding of the law as it relates to UK withholding tax (UKWHT) on interest payments. Had the court done otherwise, the resulting upheaval could

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]]> It was perhaps unsurprising that in June the UK Court of Appeal ruled in favour of the UK tax authority (HMRC) in the Ardmore case. Broadly speaking, the court confirmed the existing understanding of the law as it relates to UK withholding tax (UKWHT) on interest payments. Had the court done otherwise, the resulting upheaval could

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]]> Ardmore https://tax.weil.com/uk-tax/straight-to-the-point/ardmore/ Mon, 02 Jul 2018 23:36:05 +0000 Stuart Pibworth http://tax.weil.com/?p=496 Subject to the availability of a domestic exemption or relief under an applicable double tax treaty or EU Directive, a payment of yearly interest (as opposed to short interest) with a UK source to, amongst others, a non-UK person is subject to the deduction of UK income tax at the “basic” rate (currently 20%).  The

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]]> Subject to the availability of a domestic exemption or relief under an applicable double tax treaty or EU Directive, a payment of yearly interest (as opposed to short interest) with a UK source to, amongst others, a non-UK person is subject to the deduction of UK income tax at the “basic” rate (currently 20%).  The

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]]> The Gig Economy – Shifting Sands in Employment Status https://tax.weil.com/uk-tax/employment/the-gig-economy-shifting-sands-in-employment-status/ Fri, 10 Mar 2017 15:10:01 +0000 Aron Joy http://tax.weil.com/?p=473 Simon Gorham and Aron Joy of Weil, Gotshal & Manges examine the challenges for organisations in the gig economy in assigning individuals the correct employment status. Broadly speaking, an individual working in the UK can be categorised as either: How these different categories are defined, what their defining characteristics are and what rights and protections

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]]> Simon Gorham and Aron Joy of Weil, Gotshal & Manges examine the challenges for organisations in the gig economy in assigning individuals the correct employment status. Broadly speaking, an individual working in the UK can be categorised as either: How these different categories are defined, what their defining characteristics are and what rights and protections

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]]> Perspectives: A Review of Current Legal Issues and Trends Autumn/Winter 2015-2016 https://tax.weil.com/uk-tax/straight-to-the-point/perspectives-a-review-of-current-legal-issues-and-trends-autumn-winter-2015-2016/ Tue, 27 Sep 2016 13:49:35 +0000 Oliver Walker http://tax.weil.com/?p=467 Tax planning has never been so newsworthy. The media spotlight has recently shone brightly on tax-related arrangements that historically may not have attracted any attention at all. Concurrently, measures being taken by the authorities to counter some of those strategies, including the OECD’s “Base Erosion and Profit Shifting” proposals, are resulting in substantive changes to

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]]> Tax planning has never been so newsworthy. The media spotlight has recently shone brightly on tax-related arrangements that historically may not have attracted any attention at all. Concurrently, measures being taken by the authorities to counter some of those strategies, including the OECD’s “Base Erosion and Profit Shifting” proposals, are resulting in substantive changes to

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