Tax Talks

The Proskauer Tax Blog

Tag Archives: UK Tax

Failure to Prevent the Facilitation of Tax Evasion: New United Kingdom Corporate Criminal Offence

Background As mentioned in our July 2017 edition of UK Tax Round Up, the UK has enacted a new corporate criminal offence of failing to prevent the facilitation of tax evasion. The law comes into effect on 30th September 2017, and businesses should ensure that they have considered its impact before then. A risk assessment … Continue Reading

United Kingdom Makes Significant Changes to the Tax on Carried Interest for Investment Management Executives

With effect from 8th July, 2015, UK resident investment management executives will pay capital gains tax on all their carried interest returns from investment funds (with the rate currently set at 28% for higher and additional rate taxpayers). The overall rate may in many cases be higher, since items of income such as interest and … Continue Reading
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