Tax

News

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High Court dismisses professional negligence claim against tax QC

Professional negligence allegations brought against leading tax silk Andrew Thornhill QC have been dismissed by the High Court. The established silk was sued by 100 investors over advice he provided in relation to three similar film finance tax schemes between 2002 to 2004. The film tax scheme was created in the 1990s to encourage investment […]

Orrick hires Taylor Wessing partner in first City lateral this year

A Taylor Wessing partner is set to join the London office of Orrick Herrington & Sutcliffe, after over 14 years at her former firm. Tax partner Anna Humphrey is making the move, who specialises in employee incentives and executive compensations, advising clients from the technology sector. As part of her practice, she helps international groups […]

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Kirkland hires new lateral from Ashurst

Kirkland & Ellis is bulking up its tax department in London, hiring a new partner from Ashurst. Alexander Cox is making the move to the US giant after nearly 25 years at Ashurst. He has been a partner there since 2007.  Focusing his practice on the structuring of investment funds, Cox advises on management company […]

10 Upper Bank Street Clifford Chance
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“A lockdown decision”: CC’s tax chief steps down

The head of Clifford Chance’s tax and employment practice is to retire from the partnership, explaining that the “upheaval of the pandemic has led me to reassess my priorities”. Dan Neidle will leave the firm’s partnership next April and will be succeeded for a four-year term by Sonia Gilbert, who advises across all sectors on […]

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White & Case tax partner to join US rival

White & Case has lost a tax partner to another US firm in London, the firm’s second departure in a week after Tom Bartlett’s move to Latham & Watkins. White & Case’s Peita Menon is to move to Vinson & Elkins after spending his entire career at the firm, having joined in 2005. As part […]

Analysis

Warsaw Poland

A postcard from Warsaw: Big-ticket deals, but worries for the future

On a June day in 2022, The Lawyer visited several of Warsaw’s top international firms to see how this apparently thriving market is holding up four months after the launch of a war on its neighbour, Ukraine. What impact has the dramatic events of the past few months had on the city, its legal services […]

High Court

Chambers face comms shake-up to avoid contempt of court

Chambers across the Inns are considering how to publicise judgments after the Master of the Rolls, Mr Justice Vos, warned embargo-breaks could see sets being held in contempt of court. The Lawyer understands that many are actively tightening up their internal and external communication policies following a stern warning from Mr Justice Vos back in […]

‘Even pariahs have rights’

When the Conservative MP Bob Seely told the House of Commons that the legal system had become “corrupted” by “amoral” lawyers acting for Russian oligarch clients, it was not surprising that the President of the Law Society launched a robust defence of the profession: “It’s the job of solicitors to represent their clients, whoever they […]

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How law firms react to death

Earlier this year, Cleary Gottlieb Steen & Hamilton’s London office faced an unexpected and upsetting tragedy: the sudden death of one of its junior lawyers. In reaction to the associate’s passing, whom The Lawyer has chosen not to name, the US firm quickly introduced in-person counselling plus further remote follow-up sessions with an external chartered […]

trading money

Fresh capital: there’s a lot riding on the new listings regime

Many in the City feared that IPO activity would stall after Brexit. For high growth technology companies seeking investment, a listing in Germany or Amsterdam seemed more appealing. However, not to be outdone, the Financial Conduct Authority (FCA) last year revealed a series of rule changes for the listing regime, in what was welcome news […]

Revealed: The Top 10 Appeals of 2022

Earlier this month The Lawyer revealed its Top 20 Cases of 2022, featuring a whole host of cases set for trial. However, there’s also plenty of action to be had in the Court of Appeal and Supreme Court, involving the likes of New Look, SKAT and Picturehouse Cinemas. Here are The Lawyer’s top 10 appeals of […]

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.