Insights
US LLCs: the UK/US mismatch and the impact on trust beneficiaries
Limited Liability Companies (“LLCs”) are one of the most popular vehicles for closely-held US businesses, with the U.S. treating them as fiscally transparent by default. HMRC takes a different view and generally treats them as opaque. For UK residents and particularly trust beneficiaries, the characterisation mismatch can produce double taxation issues, so early planning is essential.
Insight
HMRC consultation: could business exits face more income tax?
Insight
HMRC is consulting on rules that could affect share buybacks, demergers, capital repayments, and succession planning.
Insight • Real Estate and Construction
Property tax under Burnham – what businesses need to know
Insight • Real Estate and Construction
Andy Burnham became UK Prime Minister on 20 July 2026, and with pressure on the public finances, attention is focused on what his government could mean for tax policy.
Insight • Financial Services
CP26/28 - why firm size matters
Insight • Financial Services
This is the second article in our future UK AIFM regime series, and the first of two focusing on the FCA's Consultation Paper 26/28: The UK AIFM Regime (CP26/28). Here, we look at where firm size is the primary driver behind the FCA's obligations.
News • Charities and Not-For-Profits • Consumer • Education • Energy and Renewables • Professional Practices • Real Estate and Construction
July VAT developments
News • Charities and Not-For-Profits • Consumer • Education • Energy and Renewables • Professional Practices • Real Estate and Construction
From proposed VAT reforms for social housing and online marketplaces to significant court decisions and a temporary VAT zero-rate for electricity supplies, this month's VAT update covers the developments most likely to affect businesses and organisations.
Insight • Financial Services
The future UK AIFM regime
Insight • Financial Services
Almost 15 months after the FCA first issued its Call for Input on the future regulation of alternative fund managers, the regulator has now published its long-awaited consultation on the proposed final rules.
Insight • Financial Services
CP26/28 - beyond firm size
Insight • Financial Services
This is the third article in our future UK AIFM regime series, and the second of two focusing on the FCA's Consultation Paper 26/28 (CP26/28). Having previously explored where obligations vary by firm size under the FCA's proposed three-tier framework, we now turn to where proportionality is driven by other factors – such as fund structure or business activity – and consider the areas where the FCA has yet to reach a final position.
Insight
Does your foreign corporation need to file Form 1120-F? Key filing obligations and tax considerations
Insight
Many foreign corporations assume that if little or no US tax is due, no US tax return is required. However, that assumption can be costly.
Insight
Why is tax due diligence important?
Insight
Tax due diligence is a fundamental requirement of any successful acquisition or investment process. While it is often perceived as a review of historic compliance, its real value lies in identifying issues that could crystallise into liabilities after completion, influence transaction terms or negatively affect the long‑term value of the investment.
Insight
What UK businesses need to know about the International Controlled Transactions Schedule (ICTS)
Insight
The UK transfer pricing landscape is set for significant change with the introduction of the International Controlled Transactions Schedule (ICTS). On 16 June 2026, HMRC published a technical consultation, running until 31 July 2026, on the new reporting requirement which is expected to apply to accounting periods beginning on or after 1 January 2027.