United Kingdom: Corporate Tax

Portugal’s rise as one of the world’s most sought after property destination has been remarkable. Once viewed as one of Europe’s quieter markets, it is now firmly on the radar of international investors seeking both lifestyle and long-term value. From Lisbon’s cultural revival to the Algarve’s enduring appeal, Portugal’s property market continues to attract buyers looking for more than just a second home.

BBC Panorama's investigation into Roman Abramovich's financial affairs has reignited critical debates around offshore structures, tax transparency and the fine line between legitimate...

Explore the evolving UK tax landscape for private clients following major reforms to agricultural property relief, business property relief, and non-dom rules. Partners Tim Williams and Emma Heelis-Adams discuss practical planning strategies, from lifetime gifting and family investment companies to insurance solutions and surplus income exemptions.

HMRC has expanded exclusions from its mandatory tax adviser registration requirement to cover a wider range of in-house tax activities. This development particularly benefits private capital...

This comprehensive table tracks key developments affecting UK pension schemes, including recent parliamentary acts, court decisions, regulatory guidance, and compliance deadlines. From inheritance tax changes on pension death benefits to pensions dashboards implementation, the document provides essential dates and implications for trustees, administrators, and pension professionals navigating the evolving regulatory landscape.

Overdrawn directors' loan accounts can trigger significant tax liabilities and personal risks for company directors. Understanding the rules around Section 455 tax, benefit-in-kind reporting, and repayment deadlines is crucial to avoid penalties and potential insolvency complications. Directors who fail to properly manage these accounts may face HMRC disputes, personal liability for debts, and even disqualification proceedings.

The Upper-Tier Tribunal has ruled on a significant Stamp Duty Land Tax case involving Christian Candy's claim for overpayment relief following a contract rescission.

The UK Government has introduced draft legislation requiring taxpayers to actively correct errors in their tax returns, fundamentally shifting responsibility from HMRC to individuals and businesses. The new framework includes a general obligation to self-correct inaccuracies and introduces Customer Correction Notices, which allow HMRC to require taxpayers to review specific positions. Failure to correct identified errors will result in them being reclassified as deliberate, triggering significantly harsher

Recent UK Budget 2025 reforms have fundamentally altered the tax clearance regime for corporate restructurings, removing the explicit "bona fide commercial reasons" test and the 5% shareholder exemption while introducing new counteraction powers. These changes require businesses to provide more robust documentation of commercial objectives and prepare for heightened scrutiny from HMRC when seeking clearance for transactions including share exchanges, demergers, and company reconstructions.