Sean Wright is an associate in the London Tax Department. Sean advises clients on a broad range of UK and international corporate and finance tax matters. His experience includes advising on complex financings, M&A and private equity transactions, tax insurance matters and cross-border restructurings and reorganisations.
Prior to joining Weil, Sean worked in the tax team at a leading global firm in London.
On 29 October 2024, HMRC updated its guidance on the meaning of “ordinary share capital” (OSC) in order to exclude non-cumulative fixed rate shares from the definition. The update follows a request for clarification from the Chartered Institute of Taxation (CIOT). In their response, HMRC confirmed their view that “whether a dividend is cumulative or not
On 30 October 2024, Chancellor Rachel Reeves delivered her highly anticipated Autumn Budget, marking not only the Chancellor’s first budget (and indeed the first budget ever delivered by a female Chancellor) but also the first Labour budget in 14 years. It is fair to say that the past few weeks and months have been full
In her address to Parliament on Monday, 29th July, Rachel Reeves, the new Chancellor of the Exchequer, has announced that she will deliver her first Budget on Wednesday, 30th October. Reiterating her commitment not to increase “tax for working people”, the Chancellor has said that her October Budget is intended to “fix the foundations of
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
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
