Biography
![Erica Rees Erica Rees](/-/media/people/r/rees_erica.jpg?h=255&w=255&hash=67ED8839434F382A12F63E4A6147983A)
Awards and Recognition, Speaking Engagements, Guides and Resources, Latest Thinking, Firm News & Announcements
Latest Thinking
-
Face the Facts: another loan fails the unallowable purpose test
Blog Post — Tax Blog
— By
Oliver Walker,
Eithne Bloice-Sanders and
Erica Rees
— July 03, 2024
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
The post Face the Facts: another loan fails the unallowable purpose test appeared first on Weil Tax BLOG.
... -
Tax and the General Election 2024: The Manifestos
Blog Post — Tax Blog
— By
Oliver Walker,
Jenny Doak,
Aron Joy,
Sean Wright and
Erica Rees
— June 14, 2024
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
The post Tax and the General Election 2024: The Manifestos appeared first on Weil Tax BLOG.
... -
“Speedy” use of non-trading deficits leads to “Kwik” decision from the Court of Appeal on the unallowable purpose rule
Blog Post — Tax Blog
— By
Sean Wright,
Oliver Walker and
Erica Rees
— May 22, 2024
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
The post “Speedy” use of non-trading deficits leads to “Kwik” decision from the Court of Appeal on the unallowable purpose rule appeared first on Weil Tax BLOG.
... -
UK Spring Budget 2024: Tax Update
Blog Post — Tax Blog
— By
Jenny Doak,
Aron Joy,
Oliver Walker,
Erica Rees and
Sean Wright
— March 07, 2024
On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget. In the days preceding the Budget there had been mounting speculation that the Chancellor would cut personal taxes by reducing rates of income tax or National Insurance contributions (NICs). In the event, Chancellor Hunt did not disappoint and announced a further reduction in NICs,
The post UK Spring Budget 2024: Tax Update appeared first on Weil Tax BLOG.
... -
Chambers Expert Focus Weil Tax Insight Series: Navigating the Tax Landscape: Key Insights From UK Courts in 2023
Blog Post — Tax Blog
— By
Oliver Walker and
Erica Rees
— January 16, 2024
In this edition of the Chambers Expert Focus Weil Tax Insight Series, partner Oliver Walker and professional support lawyer Erica Reese provide a summary of some of the most significant UK tax decisions from 2023. ...
Firm News & Announcements
- Weil Shortlisted in the Fund Formation Category at The Drawdown Awards in 2023 Firm Announcement — March 21, 2023