The Budget 2018: Extension of corporation tax to non-resident corporate...
As anticipated, the Budget papers have confirmed that corporation tax will be extended to UK property income of non-resident corporate landlords and to those companies owning UK property via...
View ArticleThe Budget 2018: Extension of taxation of gains to non-UK residents holding...
The government has published a policy paper updating the position on the proposed extension of CGT to direct and indirect holdings of UK real estate by non-residents from 6 April 2019, and the...
View ArticleThe Budget 2018: Capital allowances for structures and buildings
Background A new Structures and Buildings Allowance (SBA) for new non-residential structures and buildings has been introduced to improve the UKs international competitiveness, and so stimulate...
View ArticleThe Budget 2018: Extension of IR35 working rules to the private sector
As anticipated, the Chancellor confirmed in the Budget that the way IR35 (off-payroll tax rules) is operated and enforced in the public sector will be extended to the private sector. However, this...
View ArticleThe Budget 2018: Regulation and taxation of cryptoassets
The Cryptoassets Taskforce’s final report outlines the Taskforce’s analysis and findings including how the current regulatory perimeter applies to different uses of cryptoassets, the impact of...
View ArticleThe Budget 2018: Major change to entrepreneurs relief
It was announced in the Budget that, with immediate effect, there are two new qualifying conditions that have to be met before an individual is entitled to entrepreneurs’ relief. The measures are...
View ArticleThe Budget 2018: Digital Services Tax
The Chancellor has announced plans to introduce a Digital Services Tax (DST) from April 2020. It is anticipated that the DST will raise £400m annually. While the Chancellor noted that the long term...
View ArticleUnincorporated Joint Ventures in South Africa - What you need to know
B-BBEE Requirements and Status All entities wishing to obtain a B-BBEE certificate are measured against some or all of the pillars under the Codes. The Codes measure compliance of verified entities in...
View ArticleUpdata - Your quarterly Privacy and Cybersecurity update
The global Privacy and Cybersecurity team launches the first edition of Updata. Our international quarterly update provides you with a compilation of privacy and cybersecurity regulatory and legal...
View ArticleMay the force (majeure) be with you
Force majeure clauses are intended to address contractual risk for an “Act of God” (i.e. an event beyond the control of the parties such as fire or flood). Once triggered, their effect can be to...
View ArticleLawbite - The price of victory
James Shanley v Lorimer Stewart [2018] CSOH 101 If the amount due by way of expenses (costs) in a Scottish litigation cannot be agreed between the parties the Auditor of Court assesses how much the...
View ArticleNew Definitive Guideline on Manslaughter Offences
From 1 November, manslaughter offences committed by individuals will be sentenced in accordance with the Sentencing Council’s Definitive Guideline for Manslaughter Offences. Like the Sentencing...
View ArticleSFC enhances its regulatory framework to manage crypto-asset risks
On 1 November 2018, the Securities and Futures Commission (SFC) published a number of changes to its regulatory framework with the aim of enhancing protection for investors participating in...
View ArticleLatest and long-awaited judicial review of FOS: the Berkeley Burke saga
On 30 October 2018 the Court handed down its judgment in the Berkeley Burke SIPP Administration Ltd v Financial Ombudsman Service Limited case. This is the latest episode in the ongoing saga that has...
View ArticleBrexit: Further EU Settlement Pilot Scheme extended to EU staff at HE...
The Home Office announced new information about the EU Settlement programme, known as “settled status”, on 11 October. Up until now the initial pilot scheme has been limited to staff at three...
View ArticleIncrease in small trading tax exemption for charities
Among the announcements in the Chancellor’s recent budget was a welcome increase in the “small trading tax exemption” for charities, which is planned to take effect from April 2019. Charities are...
View ArticleBudget 2018 and the return of HMRC as a preferred creditor
The Budget has seen the return of HMRC as a preferred creditor in insolvency cases, a state of affairs which we have not seen since the introduction of the Enterprise Act in 2002 under which, HMRC...
View ArticleEnergy Efficiency Standards & Residential Lettings
The Government response to its consultation on whether landlords of domestic property should be obliged to spend their own money improving the energy efficiency of let residential property has been...
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