Weil Tax BLOG - Feed https://tax.weil.com/contributor/josh-hammond/ Views and developments from the Tax Department at Weil Fri, 29 May 2026 16:24:17 +0000 hourly 1 The Tax Treatment of Carried Interest – Government Response and Policy Update https://tax.weil.com/insights/the-tax-treatment-of-carried-interest-government-response-and-policy-update/ Mon, 07 Jul 2025 12:28:11 +0000 Aron Joy Jack O’Donohue Josh Hammond https://tax.weil.com/?p=2541 On 5 June 2025, the UK government issued a policy update on its proposals to reform the UK tax treatment of carried interest. It has confirmed that it will: (i) not introduce two previously proposed ‘qualifying conditions’ to be required for carried interest to qualify for a 72.5% multiplier, adjusting the amount of proceeds subject

The post The Tax Treatment of Carried Interest – Government Response and Policy Update appeared first on Weil Tax BLOG.

]]> On 5 June 2025, the UK government issued a policy update on its proposals to reform the UK tax treatment of carried interest. It has confirmed that it will: (i) not introduce two previously proposed ‘qualifying conditions’ to be required for carried interest to qualify for a 72.5% multiplier, adjusting the amount of proceeds subject

The post The Tax Treatment of Carried Interest – Government Response and Policy Update appeared first on Weil Tax BLOG.

]]> 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

The post The modernisation of stamp taxes on shares – proceeding as previously proposed? appeared first on Weil Tax BLOG.

]]> 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

The post The modernisation of stamp taxes on shares – proceeding as previously proposed? appeared first on Weil Tax BLOG.

]]> A Better Sense of Purpose? https://tax.weil.com/insights/a-better-sense-of-purpose/ Wed, 04 Jun 2025 16:19:37 +0000 Oliver Walker Erica Rees Josh Hammond https://tax.weil.com/?p=2515 Guidance on the “unallowable purpose” rule within HMRC’s Corporate Finance Manual was updated on 7 May 2025. The changes reflect case law developments, most notably the recent Court of Appeal decisions in each of the BlackRock, Kwik-Fit and JTI cases (the latter two of which have been considered in prior Weil Tax Blogs). The unallowable

The post A Better Sense of Purpose? appeared first on Weil Tax BLOG.

]]> Guidance on the “unallowable purpose” rule within HMRC’s Corporate Finance Manual was updated on 7 May 2025. The changes reflect case law developments, most notably the recent Court of Appeal decisions in each of the BlackRock, Kwik-Fit and JTI cases (the latter two of which have been considered in prior Weil Tax Blogs). The unallowable

The post A Better Sense of Purpose? appeared first on Weil Tax BLOG.

]]> Consultation on Energy Profits Levy replacement https://tax.weil.com/insights/consultation-on-energy-profits-levy-replacement/ Mon, 17 Mar 2025 16:22:48 +0000 Sean Wright Josh Hammond https://tax.weil.com/?p=2463 On 5 March 2025, the Government launched a consultation regarding the potential form of a new tax mechanism in times of “unusually high” oil and gas prices entitled Oil and Gas Price Mechanism (the “New Mechanism”). This New Mechanism is framed as a replacement for the Energy Profits Levy (“EPL”). The EPL was introduced in

The post Consultation on Energy Profits Levy replacement appeared first on Weil Tax BLOG.

]]> On 5 March 2025, the Government launched a consultation regarding the potential form of a new tax mechanism in times of “unusually high” oil and gas prices entitled Oil and Gas Price Mechanism (the “New Mechanism”). This New Mechanism is framed as a replacement for the Energy Profits Levy (“EPL”). The EPL was introduced in

The post Consultation on Energy Profits Levy replacement appeared first on Weil Tax BLOG.

]]>