Weil Tax BLOG - Feed https://tax.weil.com/category/uk-tax/reform/ Views and developments from the Tax Department at Weil Fri, 29 May 2026 16:24:17 +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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]]> New Tax Regime for UK Asset-Holding Companies: Welcome Reform Efforts https://tax.weil.com/uk-tax/new-tax-regime-for-uk-asset-holding-companies-welcome-reform-efforts/ Wed, 28 Jul 2021 10:52:46 +0000 Aron Joy https://tax.weil.com/?p=1343 The UK government has moved a step closer to introducing a new and advantaged tax regime for UK asset-holding companies (“AHCs”) for investment funds.  On July 20, 2021 it published a policy paper and draft legislation providing for the implementation of certain features of this proposed new regime. The proposals are part of a drive

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]]> The UK government has moved a step closer to introducing a new and advantaged tax regime for UK asset-holding companies (“AHCs”) for investment funds.  On July 20, 2021 it published a policy paper and draft legislation providing for the implementation of certain features of this proposed new regime. The proposals are part of a drive

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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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]]> 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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]]> Employment Status https://tax.weil.com/uk-tax/straight-to-the-point/employment-status/ Fri, 09 Feb 2018 22:45:02 +0000 Oliver Walker http://tax.weil.com/?p=490 On 7 February, the Government released its response to Matthew Taylor’s Review of Modern Working Practices, which was published in July 2017.  Entitled “Good Work: A Response to the Taylor Review of Modern Working Practices”, the document was accompanied by four consultations on key areas covered by the review. Six months after Matthew Taylor published

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]]> On 7 February, the Government released its response to Matthew Taylor’s Review of Modern Working Practices, which was published in July 2017.  Entitled “Good Work: A Response to the Taylor Review of Modern Working Practices”, the document was accompanied by four consultations on key areas covered by the review. Six months after Matthew Taylor published

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]]> Beneficial Ownership Register https://tax.weil.com/uk-tax/straight-to-the-point/beneficial-ownership-register/ Mon, 22 Jan 2018 15:27:09 +0000 Oliver Walker http://tax.weil.com/?p=489 On 18 January, the Department for Business, Energy and Industrial Strategy (BEIS) announced that its much-anticipated (and self-proclaimed “world-first”) overseas beneficial ownership register will go live by early 2021. On 12 May 2016, the then Prime Minister, David Cameron, hosted an international anti-corruption summit in London.  The stated purpose of the summit was to bring

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]]> On 18 January, the Department for Business, Energy and Industrial Strategy (BEIS) announced that its much-anticipated (and self-proclaimed “world-first”) overseas beneficial ownership register will go live by early 2021. On 12 May 2016, the then Prime Minister, David Cameron, hosted an international anti-corruption summit in London.  The stated purpose of the summit was to bring

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]]> Section 27: Substantial Shareholding Exemption; Section 28: Substantial Shareholding Exemption: Institutional Investors https://tax.weil.com/uk-tax/section-27-substantial-shareholding-exemption-section-28-substantial-shareholding-exemption-institutional-investors/ Fri, 08 Dec 2017 14:04:35 +0000 Oliver Walker Stuart Pibworth http://tax.weil.com/?p=485 Where certain requirements are met, the UK substantial shareholding exemption (the SSE) has the effect of automatically exempting any gain (or disallowing any loss) arising on the disposal of shareholdings from the scope of UK corporation tax on chargeable gains. Since the introduction of the SSE by the UK Government (the Government) in April 2002,

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]]> Where certain requirements are met, the UK substantial shareholding exemption (the SSE) has the effect of automatically exempting any gain (or disallowing any loss) arising on the disposal of shareholdings from the scope of UK corporation tax on chargeable gains. Since the introduction of the SSE by the UK Government (the Government) in April 2002,

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]]> Weil on the Move – Episode 1 – The New SSE: Good for Geese and Ganders? https://tax.weil.com/uk-tax/straight-to-the-point/weil-on-the-move-episode-1-the-new-sse-good-for-geese-and-ganders/ Tue, 11 Apr 2017 14:22:10 +0000 Oliver Walker Stuart Pibworth http://tax.weil.com/?p=475 In Autumn 2016, the U.K. Government announced that the domestic exemption from U.K. corporation tax on gains arising on the disposal of substantial shareholdings, known as the “substantial shareholdings exemption” or “SSE”, would be reformed. Since that announcement, the government has consulted on the potential changes, and has published draft legislation which was expected to

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]]> In Autumn 2016, the U.K. Government announced that the domestic exemption from U.K. corporation tax on gains arising on the disposal of substantial shareholdings, known as the “substantial shareholdings exemption” or “SSE”, would be reformed. Since that announcement, the government has consulted on the potential changes, and has published draft legislation which was expected to

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]]> Reform of the Substantial Shareholdings Exemption https://tax.weil.com/uk-tax/uk-focus-latest-thinking/reform-of-the-substantial-shareholdings-exemption/ Tue, 17 Jan 2017 10:54:45 +0000 Oliver Walker Stuart Pibworth http://tax.weil.com/?p=471 Although the principal considerations for the structuring of global business operations and investments usually focus on commercial and operational factors, such considerations are not looked at in a vacuum. Invariably, the financial modelling of any investment structure will also take into account the tax cost of profit extraction and exit. Read more.

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]]> Although the principal considerations for the structuring of global business operations and investments usually focus on commercial and operational factors, such considerations are not looked at in a vacuum. Invariably, the financial modelling of any investment structure will also take into account the tax cost of profit extraction and exit. Read more.

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]]> Reforming the Substantial Shareholdings Exemption: Keeping Up with the Joneses https://tax.weil.com/uk-tax/straight-to-the-point/reforming-the-substantial-shareholdings-exemption-keeping-up-with-the-joneses/ Thu, 05 Jan 2017 16:58:52 +0000 Oliver Walker Stuart Pibworth http://tax.weil.com/?p=470 Following the government’s announcement in the 2016 Autumn Statement that the substantial shareholdings exemption (SSE) would be reformed, draft legislation to implement the reform was published on 5 December 2016. Read more.

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]]> Following the government’s announcement in the 2016 Autumn Statement that the substantial shareholdings exemption (SSE) would be reformed, draft legislation to implement the reform was published on 5 December 2016. Read more.

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