Erica Rees is a Senior Knowledge and Practice Development Lawyer in the London Tax team. She is responsible for overseeing the team’s knowledge management and training functions, as well as generally supporting the team on all aspects of their corporate tax work. Erica previously trained and practiced as a senior tax lawyer in the Weil London office, in which capacity she advised clients on a broad range of matters spanning multiple sectors, with a particular expertise in the tax aspects of financing large-scale private equity and corporate transactions.
Welcome to the August 2024 edition of the UK Tax Digest, featuring a roundup of various recent tax developments. Following the announcement on 22nd May that the UK would hold a general election on 4th July, we had been closely monitoring the parties’ stances on tax policy, as outlined in our June blog on Tax
In her address to Parliament on Monday, 29th July, Rachel Reeves, the new Chancellor of the Exchequer, has announced that she will deliver her first Budget on Wednesday, 30th October. Reiterating her commitment not to increase “tax for working people”, the Chancellor has said that her October Budget is intended to “fix the foundations of
In JTI Acquisition Company (2011) Limited (“JTI”) v The Commissioners for His Majesty’s Revenue & Customs (“HMRC”) [2024] EWCA Civ 652, the Court of Appeal was asked whether JTI, a UK tax resident company, could bring into account debits in respect of interest payable on loan notes issued to a US group company for UK
On 22 May 2024, UK Prime Minister Rishi Sunak announced that the UK would hold a general election on 4 July. In the weeks following that announcement, there has been mounting speculation regarding the tax measures that each party might adopt if successful. During the week commencing 10 June, the incumbent Conservatives, Labour and the
On Friday 3 May 2024, the Court of Appeal upheld the decisions of the First Tier Tribunal (“FTT”) and the Upper Tribunal (“UT”) in the case of Kwik-Fit Group Ltd and others v HMRC [2024] EWCA Civ 434, thereby dismissing the taxpayer’s appeal. The decision – the latest judgment concerning the UK’s “unallowable purpose” rule
