As UK tax regulation becomes increasingly more complicated, businesses and people want specialist tax attorneys capable of pick out the risks and possibilities, and to help them make certain compliance. Our tax legal professionals have comprehensive know-how of UK tax law, and deep zone insight, providing the very best stage of legal recommendation to our customers.
Featuring a number of chartered tax advisers, our tax regulation group is famend for turning in creative and effective answers to customers across various enterprise sectors. Our customers variety from company entities and trusts to charitable bodies, as well as people domiciled in the UK and overseas.
In an ever-transferring legal panorama, our professional tax attorneys understand that it’s crucial to speedy identify, and respond to, modifications in UK tax regulation. The fantastic popularity of our group is meditated in our membership of national committees inclusive of the Chartered Institute of Taxation Technical Committee and Law Society Tax Law Committee. The crew's first-class changed into further known at the Tolley's Taxation Awards 2016/17, at which – in opposition to competition from both accountants and legal professionals – we received the award for Best Team in a National Firm.Areas of attention
Our tax regulation information includes the subsequent:Compliance and disclosure.Contentious tax law subjects, inclusive of on the subject of go-border property and offshore trusts.Advice to personal individuals which include people with an global connection in relation to their UK tax function, regularly involving the interplay of commercial enterprise and private affairs.Mediation between taxpayers and HMRC.Advice and illustration for clients undergoing research.Tax planning and recommendation related to commercial enterprise property and share transfers, and company restructuring. Negotiating and drafting files coping with tax hazard.Tax recommendation and drafting relating to financing arrangements.
Advising the Co-operative Group at the sale in their farming enterprise with a cost of about £250 million. The assets (mainly actual assets) have been hived down into a subsidiary previous to the sale and we cautioned on and negotiated the tax provisions regarding that hive down, specially with regards to the VAT and SDLT treatment of the properties and at the tax provisions inside the sale agreement with the closing client.
Advising a BVI primarily based personal fairness fund with regards to their investment in UK real estate via Jersey SPV's. Providing tax advice on those investments, covering the whole spectrum of tax consisting of profits tax, synthetic transactions in land, land dealing, agency tax, primary control and control, permanent establishment troubles, VAT, stamp taxes, capital allowances and withholding tax recommendation.
Advising clients on the manner the Finance Act 2014 rules relating to Follower Notices and Accelerated Payment Notices is probably impugned both via way of judicial evaluate or by using manner of court cases via the European Court of Human Rights.
Structuring the price of an arbitration award in excess of £9 million to an global group to minimise tax liabilities. The award became probably problem to company tax as buying and selling income in three separate jurisdictions, but the general tax liability in all three jurisdictions was decreased to approximately £three hundred,000.
Designing an advantage structure for an govt which allowed a coins bonus in extra of £three million to be paid completely freed from tax and employees' / employers' country wide coverage contributions.
Advising Charterhouse (Accountants) LLP in connection with the status quo of a sequence of partnership structures to permit tax green income extraction. This has included setting up partnership between individuals and groups, recommendation on TUPE and restrictive undertakings, belongings and other switch work.
Advising St Modwen Developments Limited on a sequence of improvement projects including the redevelopment of an ex-RAF base to be evolved into a mixture of high fee commercial and home belongings.
Advising the Foreign and Commonwealth Office at the VAT implications of restructuring its facility management offerings arrangements, well worth £13 million p.a. for the UK and Northern Europe.
Advising a senior supervisor and negotiating with HM Revenue and Customs in admire of a termination price on grounds of sick fitness and efficaciously reclaiming over £one hundred forty,000 of earnings tax and national coverage contributions.
Acting on a reconstruction of a property protecting employer worth approximately £60 million the use of a s110 liquidation scheme.
Advising a significant insurer in recognize of the right price of insurance top rate tax to be charged in admire of vehicle safety plan policies.
Advising a consultant on a standing enquiry after HMRC had raised an assessment for sizeable sums of profits tax and countrywide insurance contributions and correctly negotiating an appropriate agreement.
Advising management groups, task capitalists (eg ECI) and selling shareholders for offers really worth in extra of £250 million – which include recommendation to the institutional control shareholders of Bounty Group Limited at the sale to Kaboose Inc (a Canadian media organisation) for £70 million.
Advising Absolute Capital Management, a fund control company, on its acquisition of the hedge fund business of debt fund supervisor Argo Capital Management for £50 million.
Advising RWE Npower in connection with the £25.five million acquisition of a new headquarters constructing in the north of England, focusing on SDLT mitigation and seize of capital allowances.
Advising the Longman family on the reconstruction of a collection of farming agencies really worth about £7.five million underneath a s110 Insolvency Act 1986 scheme of reconstruction, such as obtaining a number of non-statutory clearances in terms of the VAT, capital profits tax and stamp duty land tax results of the transactions.
Acting for an individual and his Isle of Man employer to get better £four hundred,000 of enter VAT incurred on the acquisition of a motor cruiser.