Tax

News

Pinsents’ City office head leaves for DLA Piper

Pinsent Masons’ head of its London office is leaving after four years to join DLA Piper’s London corporate crime and investigations (CCI) team. Before joining Pinsents at the beginning of 2020, Sackey spent almost 13 years at HMRC in senior positions including deputy director of offshore, corporate, and wealthy investigations, and deputy director of criminal […]

Freshfields former tax chief jailed for fraud

Freshfields Bruckhaus Deringer’s former global head of tax was sentenced to three and a half years in prison by a Frankfurt court on Tuesday. Ulf Johannemann, who had been a partner in the magic circle firm’s Frankfurt office, was found to have assisted the German arm of the Canadian Maple Bank in fraudulent trading over […]

AI robot

AI generates fake case law in tax case

A woman appearing before the First-Tier Tribunal (FTT) Tax Chamber sought to rely on case law fabricated by AI, a judge has ruled. In what may be a first for the UK, the appellant, who represented herself and was appealing a £3,000 penalty issued by HMRC, was found to have unknowingly referenced nine FTT cases […]

Two hires in two weeks: Kirkland adds to tax practice

A tax partner from Macfarlanes is moving over to Kirkland & Ellis, less than two weeks after the US firm made another hire into its team. Ceinwen Rees joins Kirkland after nearly six years at Macfarlanes, where she made partner on return to the firm in 2018. Rees worked as a solicitor at Macfarlanes in […]

Gherkin Kirkland

Kirkland raids Linklaters again for new tax hire

Kirkland & Ellis has hired a tax partner after two departures from the practice to Paul Weiss Rifkind Wharton & Garrison. James Morgan is set to join the firm in London from Linklaters. He works with banks, debt funds and alternative credit funds on a range of taxation issues. One of his core clients is […]

Analysis

2024’s newest silks: Why we chose a career in law

A solicitor-turned-barrister and the Bar’s newest doctor KC; The Lawyer speaks to six of the Bar’s newest silks. The group was announced as KCs-in-waiting earlier this year, with 95 barristers in total getting the nod. Among the 95 were Crucible Law’s Clea Topolski – who having been called in 2014 – is the most junior of the set. […]

Ministry of Justice

Legal industry clashes over Government’s vow to reverse PACCAR

Litigation funders, defendant lawyers and claimant lawyers are divided over Lord Chancellor Alex Chalk KC’s plans to introduce a new law to reverse the Supreme Court’s PACCAR ruling last July, which ruled many litigation funding agreements (LFAs) unenforceable. The Government said it is also considering options for a wider review of the sector and how third-party litigation […]

Featured Briefings

The taxation of non-Irish resident landlords – Revenue manual published

Under the Finance Act 2021, non-Irish resident corporate landlords are now subject to Irish corporation tax at the rate of 25% on rental income from Irish property. The change takes effect for accounting periods commencing on or after 1 January 2022, and results in an increase in the tax rate from 20% to 25% for non-resident corporate landlords.

Guide to annual tax on enveloped dwellings (ATED)

ATED is an annual tax payable by companies that own UK residential property valued in excess of £500,000. The ATED period runs from 1 April to 31 March in the following year. The filing deadline is 30 April (following the 1 April) in each year.

Taxing employee compensation — know your (stock) options

It’s common for start-up and growing businesses to allocate a percentage of the company’s equity to stock options. The options are used to attract and incentivize key employees who are given the opportunity to share in the growing value of the business.

Spring Budget Statement 2022: Tax

The Chancellor has pledged to cut the basic rate of income tax by the next general election in 2024. This announcement was not anticipated beforehand. Tax & estate planning Partner James Austen comments on this and the so-called “Tax Plan” outlined.

In this age of Russia sanctions, U.S. importers can’t ignore the risks of customs compliance

In response to Russia’s invasion of Ukraine, countries around the world – including historically neutral states like Switzerland – have imposed restrictive sanctions on doing business with Russia. Importers and exporters still reeling from global supply chain challenges brought on by the Covid-19 pandemic are especially hard hit by these sanctions, which target trade and trade finance, banking, and transport activities, among other areas.

The concept of fixed establishment for VAT purposes

The international taxation concept of fixed establishment plays an increasingly important role in connection with indirect taxes such as VAT. As the discussion on this concept gains prominence, particularly due to the magnitude of international trade, the need to develop this concept beyond direct taxation purposes is proving to be essential.

2022 Tax dispute resolution monthly update | session 5

With the Canada Revenue Agency deploying massive resources to crack down on perceived tax avoidance, it’s now more important than ever to stay up to date with new CRA policies, legislation and case law. Please join Gowling WLG’s Tax Dispute Resolution Group for their 30 minute interactive monthly tax dispute resolution (TDR) webinars, to keep up with current developments and learn practical insights on how to successfully resolve tax disputes with the CRA.