Proskauer Rose LLP
On 7 February 2020, HMRC confirmed that the new private sector IR35 rules will only apply to payments made for services provided on or after 6 April 2020.
Reporting and Non-Reporting Funds are taxed differently in the UK so it is important for investors to understand the distinctions and the potential impact on UK tax liabilities.
The 2020 Budget on 11 March feels like a lifetime ago in many respects, but the changes announced by the government to the pensions Annual Allowance and the Lifetime Allowance came into effect on 6 April and will be beneficial to many.
As the coronavirus pandemic continues to affect all aspects of daily life with no certain end in sight, the Premier League clubs acknowledged at a shareholders' ...
Cleary Gottlieb Steen & Hamilton LLP
On March 17 and 20, 2020, the UK Chancellor of the Exchequer announced a set of "unprecedented" economic measures to further support UK businesses and mitigate
For most clients, real property (whether the family home or a holiday villa) is one of their main assets.
Covid-19 and the measures which have been introduced globally to delay its transmission have disrupted travel plans and marooned individuals who are unable to move freely between countries,...
In a bid to support British business through the COVID-19 pandemic, the UK government has postponed the introduction of changes to the UK's off-payroll working rules (IR35),...
The UK Government announces deferral until 2021 of VAT payments for the next three months, and six month deferral of 31 July 2020 self-assessed income tax due from self-employed.
The government has announced that IR35 reform, extending the IR35 tax rules to medium and large private sector businesses, is being delayed a year to 6 April 2021.
Remember, remember the upcoming change to national insurance contributions (NICs) on termination payments – as well as the recent change to guidance on post-employment notice pay (PENP).
The race for the 2020 Democratic US presidential nomination started out with an exceptionally wide field but now, practically speaking
Cadwalader, Wickersham & Taft LLP
The Chancellor of the Exchequer delivered the United Kingdom ("UK") Budget for 2020 on 11 March 2020.
Here is a brief summary of the measures in the March 2020 Budget which are relevant to the Real Estate sector.
Edwin Coe LLP
Whilst there were very few surprises in relation to tax, the requirement for a response to Covid-19 could not have been anticipated, as it was not something any of us could have predicted a ...
On 11 March 2020, the Chancellor of the Exchequer, Rishi Sunak, delivered the Government's 2020 Budget. The only change to pensions comes in the form of a change to the tapered annual allowance.
With the Budget coming up and with a new Chancellor at the helm, we have received plenty of queries about potential changes which this announcement could bring about.
Shepherd and Wedderburn LLP
While the relief is claimed by relatively few individuals each year, for those who qualify it results in very large tax savings.
The 2020 Budget was presented by Minister Tito Mboweni before parliament on 26 February 2020. The tax proposals for the 2020 Budget aim to support a recovery in economic growth, with some relief at the level of personal income tax. The key changes announced are:
Womble Bond Dickinson
The popularity of lifetime trust giving in the UK has been on a downward trend since April 2006 when the Labour government introduced reforms specifically aimed at stopping trusts "being used...