Weil Tax BLOG - Feed https://tax.weil.com/category/uk-tax/insights-uk-tax/ Views and developments from the Tax Department at Weil Tue, 14 Apr 2026 20:54:30 +0000 hourly 1 Tax and the General Election 2024: The Manifestos https://tax.weil.com/uk-tax/tax-and-the-general-election-2024-the-manifestos/ Fri, 14 Jun 2024 16:11:41 +0000 Oliver Walker Aron Joy Sean Wright Jack O’Donohue Erica Rees https://tax.weil.com/?p=2245 On 22 May 2024, UK Prime Minister Rishi Sunak announced that the UK would hold a general election on 4 July. In the weeks following that announcement, there has been mounting speculation regarding the tax measures that each party might adopt if successful. During the week commencing 10 June, the incumbent Conservatives, Labour and the

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]]> On 22 May 2024, UK Prime Minister Rishi Sunak announced that the UK would hold a general election on 4 July. In the weeks following that announcement, there has been mounting speculation regarding the tax measures that each party might adopt if successful. During the week commencing 10 June, the incumbent Conservatives, Labour and the

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]]> UK Spring Budget 2024: Tax Update https://tax.weil.com/uk-tax/uk-spring-budget-2024-tax-update/ Wed, 06 Mar 2024 19:22:07 +0000 Aron Joy Oliver Walker Erica Rees Sean Wright Jack O’Donohue Weil Tax Blog https://tax.weil.com/?p=2155 On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget. In the days preceding the Budget there had been mounting speculation that the Chancellor would cut personal taxes by reducing rates of income tax or National Insurance contributions (NICs). In the event, Chancellor Hunt did not disappoint and announced a further reduction in NICs,

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]]> On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget. In the days preceding the Budget there had been mounting speculation that the Chancellor would cut personal taxes by reducing rates of income tax or National Insurance contributions (NICs). In the event, Chancellor Hunt did not disappoint and announced a further reduction in NICs,

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]]> The UK Corporate Interest Restriction and the Debt Restructuring Exemption https://tax.weil.com/uk-tax/the-uk-corporate-interest-restriction-and-the-debt-restructuring-exemption/ Mon, 04 Mar 2024 11:19:25 +0000 Stuart Pibworth Weil Tax Blog https://tax.weil.com/?p=2153 HMRC has recently updated its published guidance on the scope of the debt restructuring exemption (the “Exemption”) contained in the UK corporate interest restriction (“CIR”) regime. The update clarifies that, in certain situations, where a pre-existing loan is replaced by a new loan as part of a restructuring that new loan may be treated as

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]]> HMRC has recently updated its published guidance on the scope of the debt restructuring exemption (the “Exemption”) contained in the UK corporate interest restriction (“CIR”) regime. The update clarifies that, in certain situations, where a pre-existing loan is replaced by a new loan as part of a restructuring that new loan may be treated as

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]]> EU Blacklist Updated on 20 February 2024 – No New Jurisdictions Added and Bahamas, Belize, Seychelles and Turks and Caicos removed https://tax.weil.com/uk-tax/eu-blacklist-updated-on-20-february-2024-no-new-jurisdictions-added-and-bahamas-belize-seychelles-and-turks-and-caicos-removed/ Tue, 27 Feb 2024 20:29:57 +0000 Aron Joy Jake Gilbey https://tax.weil.com/?p=2151 On 20 February 2024 the EU published an update to its so-called “Blacklist” of jurisdictions that are not cooperative for tax purposes and “Grey List” of cooperative jurisdictions that have not yet fully met their commitments to comply with tax good governance criteria. Whilst various jurisdictions have been removed from the lists, no new jurisdictions

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]]> On 20 February 2024 the EU published an update to its so-called “Blacklist” of jurisdictions that are not cooperative for tax purposes and “Grey List” of cooperative jurisdictions that have not yet fully met their commitments to comply with tax good governance criteria. Whilst various jurisdictions have been removed from the lists, no new jurisdictions

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]]> Tax Groups and Insolvency https://tax.weil.com/uk-tax/tax-groups-and-insolvency/ Thu, 22 Feb 2024 22:06:27 +0000 Stuart Pibworth Weil Tax Blog https://tax.weil.com/?p=2148 When a company is on the brink of entering into insolvency proceedings the tax impact, understandably, may not be at the forefront of everyone’s mind and so may be overlooked. However, entry into liquidation or administration or the appointment of a receiver can have an adverse impact on, and sever, UK tax groups. This can

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]]> When a company is on the brink of entering into insolvency proceedings the tax impact, understandably, may not be at the forefront of everyone’s mind and so may be overlooked. However, entry into liquidation or administration or the appointment of a receiver can have an adverse impact on, and sever, UK tax groups. This can

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]]> Labour’s Plans for Business Taxation https://tax.weil.com/uk-tax/labours-plans-for-business-taxation/ Mon, 19 Feb 2024 11:08:54 +0000 Oliver Walker Sean Wright https://tax.weil.com/?p=2146 As the next United Kingdom general election approaches, the Labour Party’s business tax proposals are beginning to take shape. On Thursday 1 February 2024, the Labour Party published a report entitled “Business Partnership for Growth”, timed to coincide with its Business Conference, where it was unveiled by the party leader, Keir Starmer, and his Shadow

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]]> As the next United Kingdom general election approaches, the Labour Party’s business tax proposals are beginning to take shape. On Thursday 1 February 2024, the Labour Party published a report entitled “Business Partnership for Growth”, timed to coincide with its Business Conference, where it was unveiled by the party leader, Keir Starmer, and his Shadow

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]]> VAT Groups and Insolvency https://tax.weil.com/uk-tax/vat-groups-and-insolvency/ Thu, 15 Feb 2024 13:55:45 +0000 Stuart Pibworth Weil Tax Blog https://tax.weil.com/?p=2142 HMRC has recently updated its published guidance on the effect of insolvency on existing VAT groups following appointment of an insolvency practitioner. The updated guidance The updated guidance provides that: Comment Although it is well established that entry into liquidation results in the company losing the beneficial ownership of its assets, there has been some

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]]> HMRC has recently updated its published guidance on the effect of insolvency on existing VAT groups following appointment of an insolvency practitioner. The updated guidance The updated guidance provides that: Comment Although it is well established that entry into liquidation results in the company losing the beneficial ownership of its assets, there has been some

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]]> UK Tax Digest https://tax.weil.com/uk-tax/uk-tax-digest/ Tue, 30 Jan 2024 07:30:00 +0000 Aron Joy Oliver Walker Erica Rees https://tax.weil.com/?p=2137 Happy New Year, and welcome to the latest edition of the UK Tax Digest! January has been a relatively quiet month as far as tax developments are concerned, but we may be in the midst of the calm before the storm as we await Chancellor Jeremy Hunt’s Spring Budget, which is set for 6 March,

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]]> Happy New Year, and welcome to the latest edition of the UK Tax Digest! January has been a relatively quiet month as far as tax developments are concerned, but we may be in the midst of the calm before the storm as we await Chancellor Jeremy Hunt’s Spring Budget, which is set for 6 March,

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]]> Stamp taxes and share issuances: preserving the status quo for the 1.5% charge https://tax.weil.com/uk-tax/insights-uk-tax/stamp-taxes-and-share-issuances-preserving-the-status-quo-for-the-1-5-charge/ Thu, 14 Sep 2023 13:43:24 +0000 Enda Kerin Weil Tax Blog https://tax.weil.com/?p=1979 On 14 September 2023, the UK Government announced that it will remove the 1.5% charge to UK stamp duty and stamp duty reserve tax on the issuance of UK securities into a clearance service (such as the Depositary Trust Company) or depositary receipt service (for example, American Depositary Receipts issued by US depositary banks).  The

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]]> UK Government Launches Consultation on Transfer Pricing, PEs and DPT https://tax.weil.com/uk-tax/uk-government-launches-consultation-on-transfer-pricing-pes-and-dpt/ Mon, 19 Jun 2023 17:40:08 +0000 Akash Mehta Weil Tax Blog https://tax.weil.com/?p=1925 As foreshadowed in April’s Tax Administration and Maintenance Day, HMRC has today (19 June 2023) launched a consultation on reforms to the UK tax rules on transfer pricing, permanent establishments and the Diverted Profits Tax. The proposals include more closely aligning transfer pricing and permanent establishment rules with OECD principles (and, in the case of

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]]> As foreshadowed in April’s Tax Administration and Maintenance Day, HMRC has today (19 June 2023) launched a consultation on reforms to the UK tax rules on transfer pricing, permanent establishments and the Diverted Profits Tax. The proposals include more closely aligning transfer pricing and permanent establishment rules with OECD principles (and, in the case of

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