Ahead of the Chancellor’s speech on Wednesday, our tax and pensions lawyers consider the key measures businesses can expect from Budget 2016. BEPS developments generally, and corporate interest deductions in particular The Base Erosion and Profit Shifting (BEPS) project is a fundamental priority for the international tax community and the...

New Lifetime ISA announced In his Budget speech the Chancellor announced the introduction of a new Lifetime ISA (LISA) from 6 April 2017, available to any adult under 40, and designed to facilitate saving both for a first home and for retirement. In the run up to this Budget speculation...

International legal practice Osborne Clarke has advised the management team of STEMMER IMAGING GmbH on its takeover by AL-KO AG. AL-KO has acquired the company from its founder Wilhelm Stemmer and the management team. As part of the transaction the management team acquired a 25 per cent share in the...

International legal practice Osborne Clarke has advised the shareholders of Munich-based TomTec Imaging Systems GmbH on its takeover by Dutch-based medical technology manufacturer Philips N.V. A leading provider of intelligent image analysis software, especially for diagnostic ultrasound, TomTec’s software is used by more than 20,000 physicians and 600 health facilities...

The government has issued a consultation on the detail of the tax framework for the proposed secondary market which will allow people to sell their annuities in certain circumstances. This follows a previous consultation on the policy framework for a secondary annuity market in 2015, the details of which we...

International legal practice Osborne Clarke has advised Persistent Systems on its acquisition of Swiss-based PARX Werk AG, a specialist in digitising business processes in companies. For Persistent, a software solutions builder for enterprises and software product companies, the acquisition marks their continued global expansion which includes the recent openings of...

International legal practice Osborne Clarke has advised LDC and the A-Gas senior management team on the sale of A-Gas to KKR. LDC is one of the UK’s leading mid-market private equity investors. The company originally invested in A-Gas, a market leader in the distribution and life-cycle management of specialty gases...

On 22 October 2015 the Court of Justice of the European Union gave its judgment in the case of Skatteverget v David Hedqvist relating to the VAT treatment of bitcoin. The background to the case is that Mr Hedqvist has a business selling bitcoin – or, in the terminology adopted...

HMRC has today (9 December 2015) published draft provisions that will have the effect of determining whether carried interest is taxed in the UK as capital gain or as income by reference to the actual average holding period of assets in the relevant fund. These rules will apply irrespective of...