Weil Tax BLOG - Feed https://tax.weil.com/contributor/ellie-marques/ Views and developments from the Tax Department at Weil Fri, 20 Mar 2026 15:41:38 +0000 hourly 1 The modernisation of stamp taxes on shares – proceeding as previously proposed? https://tax.weil.com/insights/the-modernisation-of-stamp-taxes-on-shares-proceeding-as-previously-proposed/ Mon, 23 Jun 2025 10:49:57 +0000 Ellie Marques Erica Rees Josh Hammond https://tax.weil.com/?p=2532 On 28 April 2025, HM Revenue and Customs (HMRC) published a consultation outcome, including a summary of submissions received, in response to its 2023 consultation on the modernisation of the current stamp taxes on shares framework. When launching the consultation two years previously, HMRC outlined a number of proposals, considered in a prior Weil Tax

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]]> On 28 April 2025, HM Revenue and Customs (HMRC) published a consultation outcome, including a summary of submissions received, in response to its 2023 consultation on the modernisation of the current stamp taxes on shares framework. When launching the consultation two years previously, HMRC outlined a number of proposals, considered in a prior Weil Tax

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]]> UK Autumn Budget 2024: Tax Update https://tax.weil.com/insights/uk-autumn-budget-2024-tax-update/ Wed, 30 Oct 2024 19:16:39 +0000 Aron Joy Oliver Walker Erica Rees Ellie Marques Kevin Donegan Lizl Loubser Jack O’Donohue Anna Ritchie Sean Wright https://tax.weil.com/?p=2357 On 30 October 2024, Chancellor Rachel Reeves delivered her highly anticipated Autumn Budget, marking not only the Chancellor’s first budget (and indeed the first budget ever delivered by a female Chancellor) but also the first Labour budget in 14 years. It is fair to say that the past few weeks and months have been full

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]]> On 30 October 2024, Chancellor Rachel Reeves delivered her highly anticipated Autumn Budget, marking not only the Chancellor’s first budget (and indeed the first budget ever delivered by a female Chancellor) but also the first Labour budget in 14 years. It is fair to say that the past few weeks and months have been full

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]]> No double tax relief for “stapled” company https://tax.weil.com/insights/no-double-tax-relief-for-stapled-company/ Fri, 18 Oct 2024 09:59:11 +0000 Ellie Marques Weil Tax Blog https://tax.weil.com/?p=2337 In The Commissioners for His Majesty’s Revenue and Customs (“HMRC”) v GE Financial Investments (“GEFI”) [2024] EWCA Civ 797, the Court of Appeal was asked to determine whether GEFI was a resident of the United States for the purposes of the UK-US double tax treaty (the “Treaty”) and thus entitled to double tax relief (“Issue

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]]> In The Commissioners for His Majesty’s Revenue and Customs (“HMRC”) v GE Financial Investments (“GEFI”) [2024] EWCA Civ 797, the Court of Appeal was asked to determine whether GEFI was a resident of the United States for the purposes of the UK-US double tax treaty (the “Treaty”) and thus entitled to double tax relief (“Issue

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]]> The Stamp Taxes Framework: Proposals for Modernisation https://tax.weil.com/insights/the-stamp-taxes-framework-proposals-for-modernisation/ Fri, 26 May 2023 16:46:37 +0000 Charlie Traynor Ellie Marques Erica Rees https://tax.weil.com/?p=1898 On 27 April 2023 (and as noted in a previous blog), HM Revenue and Customs (HMRC) launched a consultation on the government’s proposals to modernise the “Stamp Taxes on Shares framework”. Essentially the proposal is to replace Stamp Duty and Stamp Duty Reserve Tax (SDRT) with a mandatory, single tax on transfers of shares and

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]]> Blurred Immunity: UK Consultation on Sovereign Immunity From Direct Taxation https://tax.weil.com/insights/blurred-immunity-uk-consultation-on-sovereign-immunity-from-direct-taxation/ Mon, 25 Jul 2022 14:52:36 +0000 Ellie Marques Oliver Walker Erica Rees https://tax.weil.com/?p=1685 On 4 July 2022, the government launched a consultation on sovereign immunity from direct UK taxation. The consultation document sets out HM Treasury’s and HMRC’s joint proposals for how sovereign persons will be treated going forward, with the reformed exemption to be codified in legislation. Under the existing regime, all UK source income and gains

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]]> UK Tax Update: Spring Statement 2022 https://tax.weil.com/uk-tax/uk-tax-update-spring-statement-2022/ Wed, 23 Mar 2022 21:44:00 +0000 Ellie Marques Erica Rees Oliver Walker Aron Joy https://tax.weil.com/?p=1590 On 23 March 2022, the Chancellor delivered the Spring Statement, which was light on significant tax announcements. In the current environment of rising energy prices and inflation, the headline items comprised an immediate cut to fuel duty, an increase in National Insurance Contribution thresholds which will take effect from July 2022 and a decrease in

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]]> The Finance Act 2020: Provisions for Joint and Several Tax Liability for Directors, Managers, Shareholders and Lenders https://tax.weil.com/insights/the-finance-act-2020-provisions-for-joint-and-several-tax-liability-for-directors-managers-shareholders-and-lenders/ Fri, 07 Aug 2020 12:28:39 +0000 Oliver Walker Natasha Ayres Ellie Marques http://tax.weil.com/?p=1027 The Finance Act 2020 provides that directors, managers, shareholders, lenders and others can be made jointly and severally liable for the outstanding tax debts of insolvent (or potentially insolvent) companies and limited liability partnerships (LLPs). From 22 July, officers of HMRC may, if they consider the various conditions are met, issue a notice to directors

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]]> The Finance Act 2020 provides that directors, managers, shareholders, lenders and others can be made jointly and severally liable for the outstanding tax debts of insolvent (or potentially insolvent) companies and limited liability partnerships (LLPs). From 22 July, officers of HMRC may, if they consider the various conditions are met, issue a notice to directors

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]]> Mini-Budget 2020: Stamp Duty and VAT Announcements https://tax.weil.com/covid19-updates/mini-budget-2020-stamp-duty-and-vat-announcements/ Wed, 08 Jul 2020 15:43:00 +0000 Aron Joy Oliver Walker Ellie Marques Weil Tax Blog http://tax.weil.com/?p=994 The UK Chancellor announced a number of measures today (8 July 2020) to boost the economy in the wake of the coronavirus lockdown.  These included two tax cuts to VAT and stamp duty in an attempt to get the hospitality and housing sectors “bustling again”. VAT will be cut from 20% to 5% for the

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]]> The UK Chancellor announced a number of measures today (8 July 2020) to boost the economy in the wake of the coronavirus lockdown.  These included two tax cuts to VAT and stamp duty in an attempt to get the hospitality and housing sectors “bustling again”. VAT will be cut from 20% to 5% for the

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]]> 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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]]> Demergers – Breaking Up is Never Easy https://tax.weil.com/uk-tax/straight-to-the-point/demergers-breaking-up-is-never-easy/ Mon, 04 Sep 2017 19:51:40 +0000 Oliver Walker Erica Rees Ellie Marques http://tax.weil.com/?p=480 In the new, post-Brexit referendum world, it appears that demergers have largely fallen out of favour. Although there are likely numerous tax, political and economic factors behind the reduction in demergers, the introduction of section 77A of the Finance Act 1986 (1986 Act) (section 77A), which applies to share transfers executed on or after 29

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]]> In the new, post-Brexit referendum world, it appears that demergers have largely fallen out of favour. Although there are likely numerous tax, political and economic factors behind the reduction in demergers, the introduction of section 77A of the Finance Act 1986 (1986 Act) (section 77A), which applies to share transfers executed on or after 29

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