Charles Yorke

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Articles

HMRC manual changes: 10 May 2024

May 10, 2024 | taxjournal.com | David Whiscombe |James Quarmby |Carrie Rutland |Charles Yorke

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AI and tax survey

May 9, 2024 | taxjournal.com | David Whiscombe |James Quarmby |Carrie Rutland |Charles Yorke

Tax Journal, in partnership with Tolley and Taxation magazine, is conducting research on the potential impact of AI on UK tax. By way of thanks, a random selection of 200 respondents will be sent a £20 Amazon voucher. To take part, visit tinyurl.com/tolleygenaisurvey
EC’s call for evidence on DAC

May 9, 2024 | taxjournal.com | David Whiscombe |James Quarmby |Carrie Rutland |Charles Yorke

Home >Articles > EC’s call for evidence on DAC EC’s call for evidence on DAC 9 May 2024 The European Commission is inviting feedback on the rules and procedures for exchanging information between EU countries tax authorities. The evaluation will assess the effectiveness, efficiency and continued relevance of the DAC and its amendments (DAC2 to DAC6), as well as its coherence with other policy initiatives and priorities. The call for evidence closes on 30 July 2024.
Notification of liability

May 8, 2024 | taxjournal.com | David Whiscombe |James Quarmby |Carrie Rutland |Charles Yorke

For the years 2016/17 to 2020/21, Finola Owens had enough income to be liable to tax. She wasn’t registered for self-assessment so no returns were issued to her. In such circumstances she was obliged to ‘give notice’ to HMRC by 5 October following the end of each tax year that she was ‘chargeable to income tax’ for the year. In August 2022, HMRC – having finally caught up – issued assessments for all the years charging tax, interest and penalties.
Kwik-Fit on unallowable purpose

May 8, 2024 | taxjournal.com | David Whiscombe |James Quarmby |Carrie Rutland |Charles Yorke

In Kwik-Fit Group Ltd and others v HMRC [2024] EWCA Civ 434, the Court of Appeal has delivered its latest judgment dealing with the application of the loan-relationship unallowable purpose provisions (CTA 2009 ss 441 and 442). The case involved arrangements whereby it was hoped that pre-2017 trapped non-trading loan relationship deficits carried forward (NTDs) in a group company (Speedy 1) could be used faster than the predicted 25 years.
A guide to tax and ESG for in-house Heads of Tax

Apr 10, 2024 | taxjournal.com | Charles Yorke |Heather Self |David Whiscombe |Carrie Rutland

Home >Articles > A guide to tax and ESG for in-house Heads of Tax A guide to tax and ESG for in-house Heads of Tax © Copyright LexisNexis 2024. All rights reserved. 10 April 2024 Speed read ESG is a growing and evolving area that presents both benefits and risks for in-house Heads of Tax.
A new sustainable finance champion – demystifying the Community Investment Tax Relief (CITR) for institutional investors | JD Supra

Jan 3, 2024 | jdsupra.com | Sadia Khan |Brin Rajathurai |Charles Yorke

In 2003, the UK Government introduced the CITR scheme to provide private investors with a significant tax incentive to finance enterprises within disadvantaged communities through accredited CDFIs. Whilst a similar scheme is now well-established in the US, providing more than USD5.5 billion in funding since its inception, activity in this area in the UK has been limited but is slowly beginning to ramp up due to a recent change in UK law which increases the limits on the amounts accredited...
Tax based finance leasing: a forgotten tool for green finance in the UK? | JD Supra

Dec 15, 2023 | jdsupra.com | Charles Yorke

Decarbonisation is the process of reducing greenhouse gas emissions and transitioning to a low-carbon economy. Decarbonisation requires significant investment in green technologies, such as renewable energy, energy efficiency, electric vehicles and carbon capture and storage. These technologies often have high upfront costs, long payback periods and uncertain returns, making them risky and expensive to finance. Businesses are facing an unprecedented need for major capital investment.
ESG x Tax in the UK Spring Budget 2023 | JD Supra

Mar 22, 2023 | jdsupra.com | Brin Rajathurai |Charles Yorke

Across the world, governments are increasingly focusing on using tax measures to address ESG issues. In the UK, whilst it may not have been front and centre of the Chancellor’s speech on Budget Day, you don’t have to look too hard to find evidence of this global trend having a growing impact on UK tax policy.