33 results
23 Nov 2018 15:07
The OTS release their first report on the review into Inheritance TaxThe Office of Tax Simplification (OTS) has released their first report on the review into Inheritance Tax (IHT). This first report comments on the administrative complexities of IHT which, surprisingly from a lawyer’s perspective, were the most frequently raised concerns in the responses and more...
20 Nov 2018 09:27
Birmingham barrister criticises the Government’s move to introduce an extra ‘death tax’A Birmingham barrister has raised concerns over the Government’s move to increase probate fees claiming it is an additional ‘death tax’. Under the new rules, estates worth £2m or more will pay £6,000 in probate fees, which is a 3,770 per cent increase on the current £155 fee. This is a reduction on more...
14 Nov 2018 15:06
Tax tribunal rules that Arron Banks suffered political discriminationBanks v Revenue and Customs Commissioners [2018] UKFTT 617 (TC) – read judgment Donations made by Arron Banks to the United Kingdom Independence Party (‘UKIP’) are subject to a tax regime which discriminates against the donor on grounds of his political opinion, the First-Tier Tribunal (Tax Chamber) more...
8 Nov 2018 17:00
Use of plastic in the food and drink industryWith the coming to prominence of environmental concerns around plastic – particularly single-use and difficult-to-recycle plastic – the food and drink sector is already being challenged to review its use of plastic. Further challenge is brought by a wave of regulation. Shortly after the European more...
8 Nov 2018 16:57
Plastics: The Scope of the Single-Use Plastic Directive and the Plastics TaxThe Chancellor of the Exchequer’s autumn budget has outlined the UK’s intentions to address waste by encouraging the recycling of plastic, shortly after the European Commission proposed the introduction of a Single Use Plastic Directive. Plastics Tax and Producer Responsibility The Chancellor’s more...
6 Nov 2018 16:05
A tax on the bereaved: increased probate court feesA banded system for probate court fees tantamount to “a tax on the bereaved” is back on the agenda for the government following their last ‘U’ turn on this topic in the run up to the last general election. The increases have been proposed to fund court services generally, but this is such an more...
26 Oct 2018 11:23
Chambers Bar Awards 2018 – Monckton success with Competition: Set and Silk, Meredith Pickford QC and Tax: Junior, Valentina Sloane
26 Oct 2018At last night’s awards ceremony at The London Hilton on Park Lane, Monckton Chambers and its members won three awards – Competition: Set and Silk; Tax: Junior. Meredith Pickford QC won Silk of the Year for Competition and Valentina Sloane picked up the award for Junior of the Year in the Tax more...
18 Oct 2018 08:33
OTS reviews Inheritance TaxIn February I wrote about the importance of reviewing your will and, in particular, about the need to stay on top of changes to the tax regime which might affect your estate planning (for those who missed it you can read it here). As we near the 2018 Budget and the release of the Office of Tax more...
9 Oct 2018 13:02
Should relatives be allowed to enter civil partnerships to benefit from Inheritance Tax exemption?In the days of ever increasing property values, but where the amount a person can pass to anyone free from Inheritance Tax on their death has been frozen for almost 10 years, should we be looking to protect the assets of those co-dependent on one another, whether or not they are in an intimate more...
8 Aug 2018 09:12
What’s Coming Up: August 2018FromCounsel has published What's Coming Up August 2018 – an overview of key dates for corporate lawyers coming up in August 2018: https://bit.ly/2njhI3L more...
13 Mar 2018 18:58
Has the Beckham law helped to attract foreign capital?Has the Beckham law helped to attract foreign capital? There is currently an international struggle on how to attract residents with great international private fortunes. Spain has taken its time in joining these and the legislation is still lacking in important aspects, however, it is progressing. more...
Owning Property in Spain is Taxing
Owning a property in Spain is Taxing! It’s just a matter of time that UK expatriates in Spain receive a notification from the Spanish Inland Revenue (Hacienda); claiming unpaid taxes for the last four tax years (tax statute of limitation). By now, after having acquired your Spanish property, we are more...
7 Feb 2018 15:19
Upper Tribunal rules in important charity case: Commissioners for HM Revenue and Customs v Life Services Limited (Upper Tribunal) [2017] UKUT 484 (TCC)Jonathan Davey QC has acted successfully for the Appellants in an important charity / tax dispute before the Upper Tribunal (Tax and Chancery Chamber). The case concerns the meaning of key legislative concepts including “devoted to social well-being”, as well as the functioning of the EU law more...
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