While it may be argued that the preferential tax treatment of carried interest is a generous benefit, it is also necessary to keep the private equity industry in the UK competitive, writes Ben Symons (Old Square Tax Chambers).
Rebecca Sheldon (Old Square Tax Chambers) considers the proposals from the Conservative Party that give a broad indication as to how the new regime is intended to operate, and what might be expected if the Labour Party wins the General Election.
The position should be calmly evaluated at an early stage in order to put an appropriate strategy in place, writes Michael Thomas KC (Pump Court Tax Chambers). Easy to say in theory, but not always so easy to execute in practice...
The final CIS regulations and HMRC guidance don’t appear to measure up to
the original policy ambition of removing ‘the majority of landlord to tenant
payments from the scheme’, writes Kyle Rainsford (Travers Smith).
HMRC have formidable information gathering powers against which there are limited rights of appeal. Adam Craggs and Dan Williams (RPC) look at three common types of information notice and the extent to which they can be challenged.
Jim Harra’s responses to specific questions asked by the Treasury Select
Committee about the Loan Charge are, at least in part, a masterpiece in
Yes Minister-style obfuscation, writes David Pett (Temple Tax Chambers).
Melville Rodrigues (Apex Group) and Naomi Lawton (Allen & Overy) provide an overview of the new regime that offers additional flexibility and plugs a gap in the UK’s existing fund range.
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