Weil Tax BLOG - Feed https://tax.weil.com/category/uk-tax/uk-focus-latest-thinking/ Views and developments from the Tax Department at Weil Fri, 24 Apr 2026 11:53:35 +0000 hourly 1 Private Equity Outlook: Taxation of UK MIPs following the UK Government Autumn Budget https://tax.weil.com/insights/private-equity-outlook-taxation-of-uk-mips-following-the-uk-government-autumn-budget/ Wed, 30 Oct 2024 16:59:09 +0000 Oliver Walker Kevin Donegan Lizl Loubser https://tax.weil.com/?p=2343 Today, Rachel Reeves, the Chancellor of the Exchequer, delivered the 2024 Autumn Budget, the new Labour government’s first following their election to office in July. Among various other changes related to business taxation, Ms Reeves announced that the top rate of capital gains tax (CGT) that applies to the sale of shares would rise from

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]]> Today, Rachel Reeves, the Chancellor of the Exchequer, delivered the 2024 Autumn Budget, the new Labour government’s first following their election to office in July. Among various other changes related to business taxation, Ms Reeves announced that the top rate of capital gains tax (CGT) that applies to the sale of shares would rise from

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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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]]> 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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]]> 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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]]> Growing Investment: How the New QPP Exemption Will Simplify Processes and Encourage Debt Investment into the UK https://tax.weil.com/uk-tax/straight-to-the-point/growing-investment-how-the-new-qpp-exemption-will-simplify-processes-and-encourage-debt-investment-into-the-uk/ Tue, 09 Oct 2018 10:53:02 +0000 Stuart Pibworth http://tax.weil.com/?p=505 Where a UK corporate debtor makes payments of yearly interest to, among others, non-UK creditors, the debtor will be required to withhold an amount representing UK income tax (currently at a rate of 20%) from that payment and account to HMRC for the same. Generally, this mechanic is referred to as a ‘withholding tax’. However,

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]]> Where a UK corporate debtor makes payments of yearly interest to, among others, non-UK creditors, the debtor will be required to withhold an amount representing UK income tax (currently at a rate of 20%) from that payment and account to HMRC for the same. Generally, this mechanic is referred to as a ‘withholding tax’. However,

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]]> Debt Waivers in Cross-border Restructuring: Problems With the UK’s Anti-hybrid Legislation https://tax.weil.com/uk-tax/straight-to-the-point/debt-waivers-in-cross-border-restructuring-problems-with-the-uks-anti-hybrid-legislation/ Mon, 01 Oct 2018 10:25:23 +0000 Weil Tax Blog http://tax.weil.com/?p=504 Recent changes to UK tax law appear to have resulted in a stealth increase to the number of situations in which a release of loans in cross-border restructuring scenarios can be taxable in the UK. The date on which a loan was entered into or drawn down now appears to have a material effect on

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]]> Recent changes to UK tax law appear to have resulted in a stealth increase to the number of situations in which a release of loans in cross-border restructuring scenarios can be taxable in the UK. The date on which a loan was entered into or drawn down now appears to have a material effect on

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]]> The other (D)TT https://tax.weil.com/uk-tax/double-taxation-treaty/the-other-dtt/ Thu, 20 Sep 2018 16:21:20 +0000 Stuart Pibworth http://tax.weil.com/?p=502 The UK has signed new double tax treaties with the Isle of Man and the Channel Islands. When people think of the Isle of Man (IoM), several things may come to mind: high-speed motor sport; Victorian promenades and long, sandy beaches; the Laxey wheel; cyclist Mark Cavendish; or perhaps just cats without tails. However, for

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]]> The UK has signed new double tax treaties with the Isle of Man and the Channel Islands. When people think of the Isle of Man (IoM), several things may come to mind: high-speed motor sport; Victorian promenades and long, sandy beaches; the Laxey wheel; cyclist Mark Cavendish; or perhaps just cats without tails. However, for

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]]> Tales of the Unexpected: The Long Arm of the UK Hybrid rules https://tax.weil.com/uk-tax/uk-focus-latest-thinking/tales-of-the-unexpected-the-long-arm-of-the-uk-hybrid-rules/ Tue, 04 Sep 2018 15:08:20 +0000 Stuart Pibworth http://tax.weil.com/?p=500 The UK hybrid and other mismatch rules set out in Part 6A of the Taxation (International and Other Provisions) Act 2010 (TIOPA) (the Hybrid Rules) have been in force since 1 January 2017. So for 18 months now, UK taxpayers have been required to grapple with these rules and consider how they apply to their

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]]> The UK hybrid and other mismatch rules set out in Part 6A of the Taxation (International and Other Provisions) Act 2010 (TIOPA) (the Hybrid Rules) have been in force since 1 January 2017. So for 18 months now, UK taxpayers have been required to grapple with these rules and consider how they apply to their

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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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