Tax Talks

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Stephen Pevsner

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Stephen Pevsner is a tax partner and a member of the Corporate Department.

Stephen's practice focuses on UK and international M&A and private equity transactions, corporate reorganizations, and new business formations. Offering a broad range of corporate tax strategy experience, his clients include global corporations, investment banks, and private equity sponsors and investors.

In addition to his wealth of transactional knowledge he also has substantive experience advising on the formation of private investment funds and the establishment of investment management and advisory limited partnerships.

According to Chambers UK, Stephen is a notable practitioner in the corporate tax field, praised for "his ability to master the intricacies of tax law and understand the commercial aspects of the deal".

Stephen is a member of the BVCA Tax Committee and is a regular speaker at conferences and contributor to publications such as the Tax Journal and Tolley's.

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Extended tax liabilities for directors in insolvencies linked to tax avoidance

By Philip Gilliland and Stephen Pevsner on Posted in UK Tax
Draft legislation included in the Finance Bill 2019-2020 will potentially make directors and certain other individuals closely connected to a company jointly and severally liable for a company’s tax liabilities that arise from avoidance, evasion or repeated insolvency and non-payment of tax debts or tax-related penalties of the company. The legislation is targeted at individuals … Continue Reading

Change to IR35 tax obligations from April 2020 for medium- and large-sized companies

By Philip Gilliland and Stephen Pevsner on Posted in In the news, UK Tax
New rules to be introduced from April 2020 will make certain companies who engage workers through intermediaries (the “client”) subject to: assessing whether the workers should be treated as employees of the company; and operating employment tax (PAYE and NICs) in respect of payments made to the workers or their intermediary. Currently these obligations rest … Continue Reading

UK Tax Round Up

By Catherine Sear, Robert E. Gaut and Stephen Pevsner on Posted in UK Tax
UK General Tax Developments HMRC updates guidance on what constitutes “ordinary share capital” Following the decision by the First-tier Tribunal (FTT) in Warshaw V HMRC, reported in our UK tax blog earlier this month, HMRC has updated its guidance on what constitutes “ordinary share capital” for the purposes of most tax provisions using that term. As well as … Continue Reading

Are fixed rate preference shares “ordinary share capital” for entrepreneurs’ relief – more or less certainty?

By Rebecca Wallis and Stephen Pevsner on Posted in UK Tax
There has been another development on the tricky but important subject of whether the rights attaching to preference shares mean that they are or are not ordinary shares for entrepreneurs’ relief (and other tax) purposes. Recent cases have shown that share with no right to a dividend are ordinary shares. HMRC has published its view … Continue Reading

UK Budget – Some Key Changes

By Daniella Abel, Robert E. Gaut and Stephen Pevsner on Posted in UK Tax
The UK Budget took place on 29th October. The Chancellor, Philip Hammond, took the opportunity to make a series of targeted changes to the UK’s tax system, some of which had already been announced, but several of which were new and surprising. We have summarized here of the most eye-catching changes that will be of … Continue Reading

UK Tax Round Up: March 2018

By Catherine Sear, Robert E. Gaut and Stephen Pevsner on Posted in Corporate tax, International Taxation, UK Tax
Welcome to the March edition of the Proskauer UK Tax Round Up. As promised, the Spring Statement from the Chancellor focused on the economy and public finances without any major tax announcements. However, a few interesting consultation and position papers were published. We have summarised these below along with a handful of other developments since … Continue Reading

Major Changes Proposed to UK Tax Regime for Non-resident Investors in UK Commercial Property

By Robert E. Gaut and Stephen Pevsner on Posted in Real Estate, UK Tax
The UK Government has announced in today’s Budget (22 November) that it is launching a consultation on extending the scope of UK tax on real estate. Currently, non-UK residents who are investors in UK land and buildings are outside the scope of UK tax on gains on commercial property. They pay income tax on the … Continue Reading
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