Weil Tax BLOG - Feed https://tax.weil.com/category/whats-new-on-the-blog/ Views and developments from the Tax Department at Weil Fri, 10 Jul 2026 14:48:43 +0000 hourly 1 A decision of significant influence: the Supreme Court decides the BlueCrest case and materially narrows the defences to the salaried member rules on LLP member taxation https://tax.weil.com/insights/a-decision-of-significant-influence-the-supreme-court-decides-the-bluecrest-case-and-materially-narrows-the-defences-to-the-salaried-member-rules-on-llp-member-taxation/ Wed, 08 Jul 2026 12:05:04 +0000 Aron Joy Alex Ereira Jack O’Donohue Lisa Pearson https://tax.weil.com/?p=2669 On 1 July 2026, the Supreme Court handed down its long-awaited judgment in HMRC v BlueCrest Capital Management (UK) LLP [2026] UKSC 18 on the application of the salaried member rules, dismissing BlueCrest’s appeal and upholding the Court of Appeal decision to remit the case to the First-tier Tribunal. As discussed in our most recent

The post A decision of significant influence: the Supreme Court decides the BlueCrest case and materially narrows the defences to the salaried member rules on LLP member taxation appeared first on Weil Tax BLOG.

]]> On 1 July 2026, the Supreme Court handed down its long-awaited judgment in HMRC v BlueCrest Capital Management (UK) LLP [2026] UKSC 18 on the application of the salaried member rules, dismissing BlueCrest’s appeal and upholding the Court of Appeal decision to remit the case to the First-tier Tribunal. As discussed in our most recent

The post A decision of significant influence: the Supreme Court decides the BlueCrest case and materially narrows the defences to the salaried member rules on LLP member taxation appeared first on Weil Tax BLOG.

]]> VAT on servicing fees for debt originators: UK-EU divergence? https://tax.weil.com/insights/vat-on-servicing-fees-for-debt-originators-uk-eu-divergence/ Thu, 02 Jul 2026 10:38:45 +0000 Aron Joy Jacky Kelly Akash Mehta https://tax.weil.com/?p=2666 The European General Court has handed down a significant decision in A Oy (Case T-184/25), in which it found that debt servicing provided by an original lender, to a different owner of the loan, was not exempt from VAT as “the management of credit by the person granting it”. This case may have implications for securitisation

The post VAT on servicing fees for debt originators: UK-EU divergence? appeared first on Weil Tax BLOG.

]]> The European General Court has handed down a significant decision in A Oy (Case T-184/25), in which it found that debt servicing provided by an original lender, to a different owner of the loan, was not exempt from VAT as “the management of credit by the person granting it”. This case may have implications for securitisation

The post VAT on servicing fees for debt originators: UK-EU divergence? appeared first on Weil Tax BLOG.

]]> The new carried interest regime: implications for non-residents working in the UK https://tax.weil.com/uk-tax/the-new-carried-interest-regime-implications-for-non-residents-working-in-the-uk/ Fri, 26 Jun 2026 12:45:41 +0000 Aron Joy Alex Ereira https://tax.weil.com/?p=2664 The UK’s new carried interest regime, now in force, raises the effective tax rate on qualifying carried interest to c.34.1% and, as significantly, extends UK taxation to non-UK residents who perform investment management services in the UK. Carried interest is now treated as trading income, with non-qualifying carried interest remaining subject to rates of up

The post The new carried interest regime: implications for non-residents working in the UK appeared first on Weil Tax BLOG.

]]> The UK’s new carried interest regime, now in force, raises the effective tax rate on qualifying carried interest to c.34.1% and, as significantly, extends UK taxation to non-UK residents who perform investment management services in the UK. Carried interest is now treated as trading income, with non-qualifying carried interest remaining subject to rates of up

The post The new carried interest regime: implications for non-residents working in the UK appeared first on Weil Tax BLOG.

]]> Use, Still Not Abuse: Burlington and Treaty Benefits https://tax.weil.com/insights/use-still-not-abuse-burlington-and-treaty-benefits/ Fri, 29 May 2026 16:24:15 +0000 Oliver Walker Enda Kerin Ross Power Molly Syme https://tax.weil.com/?p=2661 The Court of Appeal’s decision in The Commissioners for HMRC v Burlington Loan Management DAC [2026] EWCA Civ 461 marks the latest stage in a significant treaty tax dispute that has now been decided in favour of the taxpayer at three successive levels. It provides important reassurance for secondary debt market participants and other taxpayers

The post Use, Still Not Abuse: Burlington and Treaty Benefits appeared first on Weil Tax BLOG.

]]> The Court of Appeal’s decision in The Commissioners for HMRC v Burlington Loan Management DAC [2026] EWCA Civ 461 marks the latest stage in a significant treaty tax dispute that has now been decided in favour of the taxpayer at three successive levels. It provides important reassurance for secondary debt market participants and other taxpayers

The post Use, Still Not Abuse: Burlington and Treaty Benefits appeared first on Weil Tax BLOG.

]]> UK Tax Digest https://tax.weil.com/insights/uk-tax-digest-5/ Fri, 24 Apr 2026 11:53:33 +0000 Oliver Walker Aron Joy Alex Ereira Erica Rees https://tax.weil.com/?p=2645 Welcome to the latest edition of the Weil UK Tax Digest, featuring a round-up of tax news over recent months and what to look out for in the coming months. There were no headline tax rate changes or policy announcements at the Spring Statement delivered by Rachel Reeves on 3 March. However, the first half

The post UK Tax Digest appeared first on Weil Tax BLOG.

]]> Welcome to the latest edition of the Weil UK Tax Digest, featuring a round-up of tax news over recent months and what to look out for in the coming months. There were no headline tax rate changes or policy announcements at the Spring Statement delivered by Rachel Reeves on 3 March. However, the first half

The post UK Tax Digest appeared first on Weil Tax BLOG.

]]> Tax in Distressed Situations https://tax.weil.com/insights/tax-in-distressed-situations-2/ Fri, 20 Mar 2026 15:41:37 +0000 Devon Bodoh Joseph Pari Edouard de Lamy Oliver Walker Stuart Pibworth https://tax.weil.com/?p=2632 Following the launch of the Tax in Distressed Situations microsite, created in collaboration with Loyens & Loeff, in 2025, our global Tax teams and Loyens have published seven updated jurisdictional guides on the topic. The updated guides reflect market trends over the last year as well as a new section addressing Pillar 2 considerations in

The post Tax in Distressed Situations appeared first on Weil Tax BLOG.

]]> Following the launch of the Tax in Distressed Situations microsite, created in collaboration with Loyens & Loeff, in 2025, our global Tax teams and Loyens have published seven updated jurisdictional guides on the topic. The updated guides reflect market trends over the last year as well as a new section addressing Pillar 2 considerations in

The post Tax in Distressed Situations appeared first on Weil Tax BLOG.

]]> Member States Update EU List of Non-Cooperative Tax Jurisdictions on 17 February 2026 https://tax.weil.com/insights/member-states-update-eu-list-of-non-cooperative-tax-jurisdictions-on-17-february-2026/ Mon, 02 Mar 2026 11:24:21 +0000 Aron Joy Alex Ereira Lisa Pearson Barbora Lhotáková https://tax.weil.com/?p=2620 On 17 February 2026, the EU Council 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 standards. The Blacklist and Grey List were last revised on 10 October

The post Member States Update EU List of Non-Cooperative Tax Jurisdictions on 17 February 2026 appeared first on Weil Tax BLOG.

]]> On 17 February 2026, the EU Council 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 standards. The Blacklist and Grey List were last revised on 10 October

The post Member States Update EU List of Non-Cooperative Tax Jurisdictions on 17 February 2026 appeared first on Weil Tax BLOG.

]]> Ideas of Exchange: tightened anti-avoidance tests on share-for-share exchanges https://tax.weil.com/whats-new-on-the-blog/ideas-of-exchange-tightened-anti-avoidance-tests-on-share-for-share-exchanges/ Thu, 12 Feb 2026 12:15:11 +0000 Oliver Walker Akash Mehta Enda Kerin https://tax.weil.com/?p=2611 Amendments included in the Finance Bill 2025-26, which is currently proceeding through Parliament, expand the anti-avoidance rules relating to share-for-share exchanges and other corporate reorganisations. The government is seeking to tighten the availability of tax-neutral treatment of transactions in which shares are issued as consideration or as part of certain reorganisations. The changes have been introduced

The post Ideas of Exchange: tightened anti-avoidance tests on share-for-share exchanges appeared first on Weil Tax BLOG.

]]> Amendments included in the Finance Bill 2025-26, which is currently proceeding through Parliament, expand the anti-avoidance rules relating to share-for-share exchanges and other corporate reorganisations. The government is seeking to tighten the availability of tax-neutral treatment of transactions in which shares are issued as consideration or as part of certain reorganisations. The changes have been introduced

The post Ideas of Exchange: tightened anti-avoidance tests on share-for-share exchanges appeared first on Weil Tax BLOG.

]]>