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Results: 1-10 of 54

UK summer budget 2015 key issues for asset managers and non-UK domiciled individuals
  • Proskauer Rose LLP
  • United Kingdom
  • July 16 2015

On 8th July 2015, the UK Government announced several changes to UK tax legislation that will affect those holding carried interest in fund structures


UK Supreme Court case of Anson v. HMRC 2015 UKSC 44
  • Proskauer Rose LLP
  • United Kingdom, USA
  • July 9 2015

The UK Supreme Court has handed down its judgment on the final appeal in the Anson case, in which it treated a taxpayer's interest in a Delaware LLC


UK procedure on unique taxpayer reference numbers (UTRs) for investment partnerships finalised
  • Proskauer Rose LLP
  • United Kingdom
  • May 16 2012

In 2009, Her Majesty's Revenue & Customs ("HMRC") in the UK announced that, for partnerships filing UK tax returns, each partner was required to have a unique taxpayer reference number ("UTR"


A month in UK employment law
  • Proskauer Rose LLP
  • United Kingdom
  • January 18 2013

2013 is set to bring with it some important changes to UK employment law and employee-related tax. To herald the New Year, here is a list of recent


Private funds in focus
  • Proskauer Rose LLP
  • Brazil, United Kingdom, USA
  • February 6 2014

The list below briefly summarizes various regulatory obligations and filing deadlines for private fund managers under U.S. rules. Click here to view


United Kingdom and United States conclude FATCA intergovernmental agreement
  • Proskauer Rose LLP
  • United Kingdom, USA
  • September 25 2012

On September 12, 2012, the United Kingdom became the first government to enter into an agreement (the "Agreement") with the United States regarding the U.S. withholding tax regime commonly referred to as the Foreign Account Tax Compliance Act ("FATCA"


HMRC now empowered to demand a security deposit for PAYE and national insurance contributions
  • Proskauer Rose LLP
  • United Kingdom
  • May 2 2012

In circumstances were there is serious risk that income tax and National Insurance contributions withheld by U.K. employers will not be remitted, HMRC is now empowered to require a security deposit be made for such payments


Are smartphones exempt from income tax?
  • Proskauer Rose LLP
  • United Kingdom
  • March 19 2012

In a Revenue & Customs Brief (0212), HMRC has revised its interpretation as to what constitutes a mobile phone to include smartphones and therefore exempt these devices from income tax


Changes to the PAYE treatment of post-P45 termination payments a reminder
  • Proskauer Rose LLP
  • United Kingdom
  • March 19 2012

Prior to 6 April 2011, tax on termination payments was deducted at basic rate and the employee's tax code was not taken into account for the purposes of any payments made to an employee after their P45 had been issued


Personal allowance for income tax to increase
  • Proskauer Rose LLP
  • United Kingdom
  • March 19 2012

With effect from 6 April 2012, the personal allowance for income tax is to increase to £8,105 and the threshold at which employees pay the higher rate of income tax of 40 is to reduce to £34,371.00