JHA partner Simon Whitehead authors the UK Comparative Legal Guide to Tax for Legal 500 and The In-House Lawyer
Simon Whitehead, partner in the Joseph Hage Aaronson Contentious Tax team, is author of The Legal 500 and The In-House Lawyer Comparative Legal Guide to Tax in the United Kingdom.
The Guide is formatted as an easy-reference Q&A, and provides an overview of tax laws and regulations. The UK chapter provides an overview of areas including withholding tax, transfer pricing, the OECD model, GAAR, tax disputes and an overview of the jurisdictional regulatory authorities.
As announced in July of last year, the 2020 Budget introduces a new deferred payment plan option for Corporation Tax charged on profits or gains arising from certain transactions between UK companies and EEA companies of the same group of companies.
Reversal of Inverclyde
The 2020 Budget announced provisions to reverse last year’s FTT decision in Inverclyde. In that case, HMRC denied the appellant LLPs’ claims for Business Property Renovation Allowance on the basis that the LLPs did not carry on a business with a view to a profit.
HMRC nudge letters
HMRC continues to fight the good fight in its quest to cut down on tax avoidance and have recently been issuing further “nudge” letters to taxpayers who may have an income source or assets producing gains overseas and consequently an undisclosed outstanding UK tax liability.
ExxonMobil: FTT Decision Released
The FTT decision in Esso Exploration and Production UK Limited and others v HMRC, which relates to pre-2006 claims for Cross Border Group Relief, has now been released.