Capital allowance on plant ruling – Perenco UK Ltd
Capital allowances available on the full amount of plant purchased in connection with an interest in an oil field even
Legislation Day: Oil and Gas Measures
There were three measures announced today as part of the Government’s “legislation day” which are particularly relevant for oil and
CW Energy Announces Promotion of Kate Bushell to Associate Partner
CW Energy is delighted to announce the promotion of Kate Bushell to Associate Partner with effect from June 1 2026.
Changes to Foreign Branch Exemption
The Chancellor announced today a fundamental change in the way that losses and profits of foreign branches of UK resident
Centrica Energy Storage Ltd v HMRC
On 10th April the First-tier FTT (FTT) published its decision in Centrica Energy Storage Ltd v HMRC UK 566 (TC)
CATS North Sea Limited
Summary: This case considers the precise scope of the transfer of trade rules in Part 22 Corporation Taxes Act 2010,
Supreme Court decision published in Orsted West of Duddon Sands (UK) Limited v HMRC
The Supreme Court delivered their judgement in the Orsted West of Duddon Sands (UK) Limited case, previously known as Gunfleet
Exemption for UK-UK transactions
The Finance Act 2026 introduces a new exemption from the requirement to apply the transfer pricing rules to qualifying UK-UK
Uncertain Tax Treatment (“UTT”) Consultation
The current UTT regime was introduced from 1 April 2022 (Schedule 17 Finance Act 2022) requiring large businesses to notify