Comparative Guides
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Results: 4 Answers
Corporate Tax
8.
Indirect taxes
8.1
What indirect taxes (eg, goods or service tax, consumption tax, broadcasting tax, value added tax, excise tax) could a corporate taxpayer be exposed to?
 
UK
Value added tax (VAT) is the primary indirect tax in the United Kingdom, which is chargeable on all supplies of goods and services within the United Kingdom, provided that the supply is not zero rated or exempt, as well as on acquisitions in the United Kingdom of goods from other EU member states and on the import of goods from outside the European Union. UK VAT legislation partly derives from EU law and the impact that Brexit will have on the UK rules is not yet clear.

The UK levies stamp duty land tax (SDLT) on the acquisition of certain UK real estate.

For more information about this answer please contact: James Anderson from Skadden, Arps, Slate, Meagher & Flom (UK) LLP
8.2
Are transfer or other taxes due in relation to the transfer of interests in corporate entities?
 
UK
The United Kingdom generally levies stamp duty or SDRT on transfers or agreements to transfer stock or marketable securities. No such charge arises on capital issuances.

For more information about this answer please contact: James Anderson from Skadden, Arps, Slate, Meagher & Flom (UK) LLP