Akash Mehta

• Responses Published on UK Transfer Pricing, Permanent Establishments and Diverted Profits Tax Consultation Blog Post — Tax Blog — By Jenny Doak and Akash Mehta — January 19, 2024

  Earlier this week, the UK government published a summary of responses to the consultation on reforms to the UK transfer pricing, permanent establishments and the diverted profits tax (DPT) rules. The consultation was launched in June 2023, as discussed in our blog post. The transfer pricing proposals included aligning terminology between the UK rules and

  The post Responses Published on UK Transfer Pricing, Permanent Establishments and Diverted Profits Tax Consultation appeared first on Weil Tax BLOG.

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• Court of Appeal upholds Euromoney share for share exchange Blog Post — Tax Blog — By Oliver Walker and Akash Mehta — November 20, 2023
  On Friday 3 November 2023, the Court of Appeal dealt a further blow to HMRC in the appeal of the Euromoney decision.  HMRC had appealed from the Upper Tribunal, which found that an anti-avoidance rule did not preclude the deferral of corporation tax on a share for share exchange where consideration received for the sale of shares consisted of new shares (including a choice of preference shares specifically for tax avoidance reasons).  The Court of Appeal dismissed HMRC’s appeal against the Upper Tribunal decision, and found that the taxpayer was entitled to the tax deferral because the exchange of shares (i) was entered into for bona fide commercial reasons, and (ii) as a whole did not have as a main purpose the avoidance of tax. ...
• Spring Budget 2023: Tax Update Blog Post — Tax Blog — By Jenny Doak, Aron Joy, Oliver Walker, Erica Rees, Kevin Donegan and Akash Mehta — March 15, 2023
  On 15 March 2023, Chancellor Jeremy Hunt delivered his Spring Budget, declaring that this would be a budget focussed on growth ...
• CJEU confirms that sub-participations are exempt from EU VAT Blog Post — Tax Blog — By Jenny Doak, Erica Rees and Akash Mehta — November 07, 2022
  In its October 2022 decision in O. Fundusz Inwestycyjny Zamknięty reprezentowany przez O S.A. (Case C-250/21), the Court of Justice of the European Union (CJEU) confirmed that a sub-participation falls within the exemption from VAT for granting credit.  The decision will be a relief for banks and other lending institutions, after Advocate General Medina’s opinion in this case earlier this year, which suggested that a sub-participation might not be exempt from VAT. ...
• Repeal of IR35 Reforms Blog Post — Tax Blog — By Oliver Walker, Kevin Donegan and Akash Mehta — September 27, 2022
  As part of Friday’s mini budget announcements, the Government has decided to repeal the 2017 and 2019/2021 changes to the “IR35”... ...

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