Tax Law and International Tax Law

Until April 2012, it had been looking like a rather quiet quarter on the sovereign risk front.

The Chancellor of the Exchequer announced the 2012 Budget on 21 March. While aspects of the Budget are clearly favourable to UK business, particularly the reduction in the main rate of corporation tax to 24 per cent from 1 April 2012 with further reductions in the rate to 22 per cent to come by April 2014, the specific measures introduced in relation to real estate are less positive and largely anti-avoidance in nature.

In the weeks leading up to the 2012 Budget the rumour mill was working overtime.

On May 8, 2025, the United States and the United Kingdom announced a significant trade agreement aimed at strengthening economic ties between the two nations.

The FTT's decision in Sajedi finds for the taxpayer on the narrow issue between the parties. But the FTT found itself able to consider issues the parties had agreed, and, applying the Ramsay principle...

Navigating tax disputes can be a complex and daunting process. This "need to know" series sheds light on the essential elements.

On May 8, 2025, the United States and the United Kingdom announced a significant trade agreement aimed at strengthening economic ties between the two nations.

On 6 May 2025, the United Kingdom and India finalised a landmark Free Trade Agreement, marking a significant milestone in bilateral relations. This agreement, the UK's most substantial post-Brexit trade deal...

Significant changes were introduced to the UK's tax rules for non-domiciled individuals from 6 April 2025. The remittance basis for non-UK domiciled individuals has been replaced with a residency-based system.

On 28 April the Government made an important set of transfer pricing policy announcements...

Welcome to April's edition of our UK Tax Round Up. While this month has been quiet on the case law front, there have been a number of HMRC announcements and updates to prior published...

Given that the threat of tariffs has now become a reality there's no shortage of commentary on this subject. This note puts to one side the geopolitics of the tariff rates and instead focuses on the interaction of tariffs...