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The taxman is cracking down on schemes claiming to help parents save money on private school fees.

An overview of direct taxation of businesses in United Kingdom, including taxes on income and capital gains.

A general introduction to the law on tax residence and fiscal domicile in United Kingdom.

EM6001a - Contract settlements: Deeds You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. The guidance about contract settlements at EM6000+ only relates to direct tax. You must never include VAT or VAT penalties in a contract settlement. What is a Deed? A Deed is a form of legally binding agreement that has been signed by all the parties to that agreement and witnessed. A Deed must make it clear that it is intended to be a Deed. This will mean that it will contain specific wording confirming that the documen...

SUMMARY On 31 December 2020, HMRC unexpectedly announced that the UK will repeal the implementation of the EU Directive on administrative cooperation (" DAC6"). Instead, the UK will introduce its own mandatory disclosure rules (" MDR") as soon as practicable and will be based on OECD's model MDR.  Now the scope of DAC6 is significantly reduced so that only cross‑border arrangements that meet hallmark D are required to be reported in line with OECD requirements. Such limited reporting obligations will remain in place until the new MDR is implemented. This alert is relevant to all companies ...