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Nov 4, 2024 | 
mondaq.com | Adam Blakemore |Catherine Richardson
The Chancellor of the Exchequer delivered the United Kingdom
("UK") Budget for 2024 on 30 October
2024.
The Budget was the first to be delivered by the new Chancellor
of the Exchequer, following the election of the Labour Government
in July 2024. The Budget was, in many ways, typical of many new
Labour governments after the Second World War, featuring the
reinforcement of election manifesto promises, some widely predicted
tax increases, and an impressively large raft of spending
announcements.
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Apr 4, 2024 | 
mondaq.com | Adam Blakemore
The Chancellor of the Exchequer delivered the United Kingdom
(UK) Spring Budget for 2024 on 8 March 2024. The Budget was
delivered against the backdrop of an anticipated general election
in the summer or autumn of 2024 and featured a raft of measures
which are intended to catch the eyes of the voting public.
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Apr 2, 2024 | 
jdsupra.com | Adam Blakemore
The Chancellor of the Exchequer delivered the United Kingdom (UK) Spring Budget for 2024 on 8 March 2024. The Budget was delivered against the backdrop of an anticipated general election in the summer or autumn of 2024 and featured a raft of measures which are intended to catch the eyes of the voting public.
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Apr 1, 2024 | 
lexology.com | Adam Blakemore
The Chancellor of the Exchequer delivered the United Kingdom (UK) Spring Budget for 2024 on 8 March 2024. The Budget was delivered against the backdrop of an anticipated general election in the summer or autumn of 2024 and featured a raft of measures which are intended to catch the eyes of the voting public.
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Mar 26, 2024 | 
natlawreview.com | Adam Blakemore
Skip to main content March 26, 2024 Volume XIV, Number 86 Legal Analysis. Expertly Written. Quickly Found.
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Feb 27, 2024 | 
natlawreview.com | Adam Blakemore
Liberty Global has announced that it will challenge the November 2023 Tax Court finding that the company had incorrectly boosted its foreign tax credits by failing to account for gains that exceeded the total foreign loss on the sale of its stake in another company.
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Feb 27, 2024 | 
natlawreview.com | Adam Blakemore
The IRS recently released proposed regulations interpreting the provisions of the Code pertaining to donor-advised funds ("DAFs"). The regulations provide needed definitions of working terms such as DAFs, Donors and Donor-Advisors, and delineate taxable distributions that are subject to certain excise taxes. Very generally, a DAF is a fund or account created by a public charity (a sponsoring organization) to assist Donors in making charitable contributions.
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Feb 27, 2024 | 
natlawreview.com | Adam Blakemore
On 12 December 2023, H.M. Revenue & Customs (“HMRC”) updated its guidance on foreign entity classification and, specifically, HMRC’s treatment of profits of, and distributions by, United States-established limited liability companies (“LLCs”). The revised HMRC guidance relates back to the important decision in July 2015 of the UK Supreme Court in Anson v HMRC [2015] UKSC 44 (“Anson”).
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Feb 27, 2024 | 
natlawreview.com | Adam Blakemore
Crypto’s two calling cards, decentralization and anonymity, can lead to abuses, such as money laundering and tax evasion. The U.S. Treasury has long combatted crypto money laundering, as seen here. Now, the U.S. Department of Justice ("DOJ") is unveiling a second prong of the U.S.’s pincer maneuver against these perceived abuses by directly confronting tax evasion, going beyond its historical practice of tacking tax fraud onto money laundering charges.
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Sep 29, 2023 | 
jdsupra.com | Adam Blakemore |Catherine Richardson
In many respects, the Upper Tribunal’s decision in Hargreaves Property [1] will not have surprised tax practitioners as the decision reaffirms best practice considerations around a number of fundamental concepts in relation to UK withholding tax. However, the decision also raises questions concerning the interpretation of the UK’s statutory withholding tax exemptions.
