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Nov 6, 2024 | 
mondaq.com | Simon Witney |Emily Clark |Madeline Gowlett |Hannah Manning
When the UK's new government delivered its highly
anticipated first Budget on Wednesday, the focus was very much
on fixing the public finances and increasing investment. The
government had for some time been preparing the country to expect
tax increases.
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Jun 7, 2024 | 
mondaq.com | Hannah Manning |Madeline Gowlett
In the second episode of our series focussing on Good Tax
Governance, Hannah Manning from our tax team discusses the
new corporate criminal offence of failure to prevent fraud
(FTP).
Over the last few years, businesses have become well acquainted
with the strict liability offences around bribery and failure to
prevent the facilitation of tax evasion.
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Jun 5, 2024 | 
lexology.com | Hannah Manning |Madeline Gowlett
Click here to listen to the audio. In the second episode of our series focussing on Good Tax Governance, Hannah Manning from our tax team discusses the new corporate criminal offence of failure to prevent fraud (FTP). Over the last few years, businesses have become well acquainted with the strict liability offences around bribery and failure to prevent the facilitation of tax evasion.
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May 20, 2024 | 
mondaq.com | Laura Hodgson |Madeline Gowlett
HMRC have published a Revenue & Customs brief outlining a
change in the VAT treatment of voluntary carbon credits (VCCs).
VCCs allow businesses to offset their emissions by purchasing
carbon credits produced by programmes targeted at removing or
reducing greenhouse gases from the atmosphere. Each credit can be
used to compensate for the emission of one tonne of carbon dioxide
or equivalent greenhouse gases.
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May 17, 2024 | 
lexology.com | Laura Hodgson |Madeline Gowlett
HMRC have published a Revenue & Customs brief outlining a change in the VAT treatment of voluntary carbon credits (VCCs). What are voluntary carbon credits? VCCs allow businesses to offset their emissions by purchasing carbon credits produced by programmes targeted at removing or reducing greenhouse gases from the atmosphere. Each credit can be used to compensate for the emission of one tonne of carbon dioxide or equivalent greenhouse gases.
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Nov 22, 2023 | 
lexology.com | Jessica Baker |Emily Clark |Susie Daykin |Siv Devakumar |Madeline Gowlett |Tom Leatherby | +9 more
Autumn Statement 2023 – It's beginning to look a lot like… an Election? The Chancellor seemed in a particularly chipper mood as he got to his feet to deliver the Autumn Statement, and he was keen to pass on the feel-good factor to the watching nation.
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Nov 22, 2023 | lexology.com | Jessica Baker |Emily Clark |Susie Daykin |Siv Devakumar |Madeline Gowlett |Tom Leatherby | +9 more
Autumn Statement 2023 – It's beginning to look a lot like… an Election? The Chancellor seemed in a particularly chipper mood as he got to his feet to deliver the Autumn Statement, and he was keen to pass on the feel-good factor to the watching nation.
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Oct 9, 2023 | 
mondaq.com | Emily Clark |Madeline Gowlett |Ian Zeider
BlueCrest – all about salaried members
– our briefing is here.
In the recent case of HMRC v BlueCrest Capital Management (UK)
LLP [2023] UKUT 00232, the Upper Tribunal (UT) had to
consider cross-appeals from HMRC and the taxpayer in relation to a
highly fact sensitive dispute.
A decision of the First-tier Tribunal (FTT) can only be appealed
if the tribunal has made an error of law.
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Oct 6, 2023 | 
lexology.com | Emily Clark |Madeline Gowlett |Ian Zeider
BlueCrest – all about salaried members – our briefing is here. In the recent case of HMRC v BlueCrest Capital Management (UK) LLP [2023] UKUT 00232, the Upper Tribunal (UT) had to consider cross-appeals from HMRC and the taxpayer in relation to a highly fact sensitive dispute. BackgroundDecisionComment1. Background A decision of the First-tier Tribunal (FTT) can only be appealed if the tribunal has made an error of law.
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Sep 20, 2023 | 
mondaq.com | Emily Clark |Madeline Gowlett |Ian Zeider
The Upper Tribunal (UT) has firmly upheld the decision
of the First-tier Tribunal (FTT) in the salaried members rules case
of HMRC V Bluecrest Capital Management (UK) LLP, rejecting
HMRC's call for a narrow interpretation of the
"significant influence" exclusion.
Under the salaried members rules, members of an LLP are treated
as employees for tax purposes unless one of three exclusions apply.
