Weil Tax BLOG - Feed https://tax.weil.com/contributor/sean-wright/ Views and developments from the Tax Department at Weil Fri, 24 Apr 2026 11:53:35 +0000 hourly 1 UK Autumn Budget 2025: Tax Update https://tax.weil.com/insights/uk-autumn-budget-2025-tax-update/ Wed, 26 Nov 2025 19:15:13 +0000 Oliver Walker Aron Joy Kevin Donegan Erica Rees Sean Wright Barbora Lhotáková Joseph Nixon https://tax.weil.com/?p=2580 On 26 November 2025, Chancellor Rachel Reeves delivered her Autumn Budget, following an intense period of speculation. Although personal tax measures took centre stage, key business tax announcements included the introduction of UK stamp duty reserve tax relief for UK-listed companies and an extension of the Enterprise Management Incentive share option scheme. Below is a

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]]> On 26 November 2025, Chancellor Rachel Reeves delivered her Autumn Budget, following an intense period of speculation. Although personal tax measures took centre stage, key business tax announcements included the introduction of UK stamp duty reserve tax relief for UK-listed companies and an extension of the Enterprise Management Incentive share option scheme. Below is a

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]]> 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

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]]> 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

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]]> Out of the Ordinary: HMRC updates its guidance on the meaning of “ordinary share capital” https://tax.weil.com/insights/out-of-the-ordinary-hmrc-updates-its-guidance-on-the-meaning-of-ordinary-share-capital/ Wed, 06 Nov 2024 12:15:07 +0000 Oliver Walker Sean Wright Jack O’Donohue https://tax.weil.com/?p=2370 On 29 October 2024, HMRC updated its guidance on the meaning of “ordinary share capital” (OSC) in order to exclude non-cumulative fixed rate shares from the definition. The update follows a request for clarification from the Chartered Institute of Taxation (CIOT). In their response, HMRC confirmed their view that “whether a dividend is cumulative or not

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]]> On 29 October 2024, HMRC updated its guidance on the meaning of “ordinary share capital” (OSC) in order to exclude non-cumulative fixed rate shares from the definition. The update follows a request for clarification from the Chartered Institute of Taxation (CIOT). In their response, HMRC confirmed their view that “whether a dividend is cumulative or not

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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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]]> First Labour Budget Set for 30th October https://tax.weil.com/insights/first-labour-budget-set-for-30th-october/ Thu, 01 Aug 2024 09:45:59 +0000 Oliver Walker Sean Wright Erica Rees https://tax.weil.com/?p=2282 In her address to Parliament on Monday, 29th July, Rachel Reeves, the new Chancellor of the Exchequer, has announced that she will deliver her first Budget on Wednesday, 30th October. Reiterating her commitment not to increase “tax for working people”, the Chancellor has said that her October Budget is intended to “fix the foundations of

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]]> In her address to Parliament on Monday, 29th July, Rachel Reeves, the new Chancellor of the Exchequer, has announced that she will deliver her first Budget on Wednesday, 30th October. Reiterating her commitment not to increase “tax for working people”, the Chancellor has said that her October Budget is intended to “fix the foundations of

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]]> Tax and the General Election 2024: The Manifestos https://tax.weil.com/uk-tax/tax-and-the-general-election-2024-the-manifestos/ Fri, 14 Jun 2024 16:11:41 +0000 Oliver Walker Aron Joy Sean Wright Jack O’Donohue Erica Rees https://tax.weil.com/?p=2245 On 22 May 2024, UK Prime Minister Rishi Sunak announced that the UK would hold a general election on 4 July. In the weeks following that announcement, there has been mounting speculation regarding the tax measures that each party might adopt if successful. During the week commencing 10 June, the incumbent Conservatives, Labour and the

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]]> On 22 May 2024, UK Prime Minister Rishi Sunak announced that the UK would hold a general election on 4 July. In the weeks following that announcement, there has been mounting speculation regarding the tax measures that each party might adopt if successful. During the week commencing 10 June, the incumbent Conservatives, Labour and the

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]]> “Speedy” use of non-trading deficits leads to “Kwik” decision from the Court of Appeal on the unallowable purpose rule https://tax.weil.com/insights/speedy-use-of-non-trading-deficits-leads-to-kwik-decision-from-the-court-of-appeal-on-the-unallowable-purpose-rule/ Wed, 22 May 2024 14:05:46 +0000 Sean Wright Oliver Walker Erica Rees https://tax.weil.com/?p=2222 On Friday 3 May 2024, the Court of Appeal upheld the decisions of the First Tier Tribunal (“FTT”) and the Upper Tribunal (“UT”) in the case of Kwik-Fit Group Ltd and others v HMRC [2024] EWCA Civ 434, thereby dismissing the taxpayer’s appeal. The decision – the latest judgment concerning the UK’s “unallowable purpose” rule

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]]> On Friday 3 May 2024, the Court of Appeal upheld the decisions of the First Tier Tribunal (“FTT”) and the Upper Tribunal (“UT”) in the case of Kwik-Fit Group Ltd and others v HMRC [2024] EWCA Civ 434, thereby dismissing the taxpayer’s appeal. The decision – the latest judgment concerning the UK’s “unallowable purpose” rule

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]]> UK Spring Budget 2024: Tax Update https://tax.weil.com/uk-tax/uk-spring-budget-2024-tax-update/ Wed, 06 Mar 2024 19:22:07 +0000 Aron Joy Oliver Walker Erica Rees Sean Wright Jack O’Donohue Weil Tax Blog https://tax.weil.com/?p=2155 On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget. In the days preceding the Budget there had been mounting speculation that the Chancellor would cut personal taxes by reducing rates of income tax or National Insurance contributions (NICs). In the event, Chancellor Hunt did not disappoint and announced a further reduction in NICs,

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]]> On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget. In the days preceding the Budget there had been mounting speculation that the Chancellor would cut personal taxes by reducing rates of income tax or National Insurance contributions (NICs). In the event, Chancellor Hunt did not disappoint and announced a further reduction in NICs,

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]]> Labour’s Plans for Business Taxation https://tax.weil.com/uk-tax/labours-plans-for-business-taxation/ Mon, 19 Feb 2024 11:08:54 +0000 Oliver Walker Sean Wright https://tax.weil.com/?p=2146 As the next United Kingdom general election approaches, the Labour Party’s business tax proposals are beginning to take shape. On Thursday 1 February 2024, the Labour Party published a report entitled “Business Partnership for Growth”, timed to coincide with its Business Conference, where it was unveiled by the party leader, Keir Starmer, and his Shadow

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]]> As the next United Kingdom general election approaches, the Labour Party’s business tax proposals are beginning to take shape. On Thursday 1 February 2024, the Labour Party published a report entitled “Business Partnership for Growth”, timed to coincide with its Business Conference, where it was unveiled by the party leader, Keir Starmer, and his Shadow

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]]> UK AUTUMN STATEMENT 2023: TAX UPDATE https://tax.weil.com/insights/uk-autumn-statement-2023-tax-update/ Wed, 22 Nov 2023 18:48:02 +0000 Aron Joy Oliver Walker Kevin Donegan Enda Kerin Erica Rees Sean Wright Mila Kostadinova Jake Gilbey Weil Tax Blog https://tax.weil.com/?p=2050 On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, potentially the last such statement to precede the next UK general election. Despite mounting speculation over the past few days, there were no rabbits in the Chancellor’s hat, and today’s announcements were broadly in keeping with expectations. The headline items included the announcement that

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