Weil Tax BLOG - Feed https://tax.weil.com/category/uk-tax/withholding/ Views and developments from the Tax Department at Weil Fri, 29 May 2026 16:24:17 +0000 hourly 1 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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]]> CJEU Rulings – Bad News for Private Equity? https://tax.weil.com/uk-tax/straight-to-the-point/cjeu-rulings-bad-news-for-private-equity/ Wed, 03 Apr 2019 16:21:27 +0000 Oliver Walker Erica Rees http://tax.weil.com/?p=508 Speed read: The Court of Justice of the European Union (the “CJEU”) has held that EU-wide exemptions from withholding tax on dividends and interest may be disapplied by member states, where it can be shown that there has been an abuse of EU rights. The judgment is particularly relevant to EU holding company structures of

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]]> Speed read: The Court of Justice of the European Union (the “CJEU”) has held that EU-wide exemptions from withholding tax on dividends and interest may be disapplied by member states, where it can be shown that there has been an abuse of EU rights. The judgment is particularly relevant to EU holding company structures of

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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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]]> 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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]]> Perspectives: A Review of Current Legal Issues and Trends Looking Ahead to 2017 https://tax.weil.com/uk-tax/straight-to-the-point/perspectives-a-review-of-current-legal-issues-and-trends-looking-ahead-to-2017/ Thu, 27 Oct 2016 13:39:57 +0000 Oliver Walker http://tax.weil.com/?p=468 Although the EU referendum, and the various (tax and non-tax) implications for business arising out of the UK’s decision to leave the EU, has somewhat dominated the news for much of this year, another important development which has garnered rather less attention has been the proliferation of proposed changes to the domestic tax code. While

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]]> Although the EU referendum, and the various (tax and non-tax) implications for business arising out of the UK’s decision to leave the EU, has somewhat dominated the news for much of this year, another important development which has garnered rather less attention has been the proliferation of proposed changes to the domestic tax code. While

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