Tax need not be frightening

Understanding the tax implications of transactions you are advising on has never been more important as Clarke and another v Iliffes Booth Bennett (a firm), 2004 showed. Practical Commercial Tax is the solution to this potentially complex area.

Your guide to tax for commercial agreements

Practical Commercial Tax is the new guide for non-tax specialist commercial lawyers to help you manage the tax issues which arise in a wide range of commercial transactions. Plus it gives you all the background on briefing tax specialists.

Unique Q&A approach

There are key question banks at the start of each section acting as handy checklists so you can make sure everything is covered. After each answer there’s a pointer to the section containing an in-depth answer. Here are just two Q&As for you as a taster:
Q: Has VAT been correctly accounted for on the acquisition of the domain name?
A: The VAT reverse charge rules may apply where the registration agents belongs outside of the EU.
Q: Have the costs of creating the website been correctly treated in the accounts reflecting the requirements of UITF 29?
A: Unless the website creates an enduring asset for the business the costs should be set against income as they occur.


Arranged by commercial transaction

Structured by commercial transaction and covering all the core agreements, Practical Commercial Tax enables you to easily find answers to your tax questions. It also explains how to deal with the HMRC. Helps you manage tax issues relating to:

Just 10 ways Practical Commercial Tax will help you

  1. Helps you manage the tax issues which may arise in a wide range of commercial transactions
  2. Gives you commentary written around the core transactions in key areas of commercial practice
  3. Allows you to protect yourself from negligence claims
  4. Helps you spot those tax related savings and costs before the transaction has moved beyond the basic planning stage so you can structure deals appropriately from the start
  5. Reduces the risk of cost over-runs as tax problems are foreseen
  6. Enables you to distinguish between more easily avoidable tax traps and issues that involve tax complexity where specialist help is definitely required
  7. Explains technical tax and accounting terms in plain English and includes a glossary of these terms
  8. Gives you the confidence to judge which tax problems or opportunities are likely to arise in the immediate case
  9. Provides the tools you need to instruct tax specialists
  10. Explains when and how tax schemes need to be reported to HMRC

Sample Chapter

See for yourself just how great Practical Commercial Tax is to help you manage tax issues in commercial transactions.

Download the Internet chapter from Practical Commercial Tax

Meet the author

Rebecca Cave FCA, CTA, MBA.

Rebecca Cave is the director of Taxwriter Limited through which she writes on a broad range of UK tax and business issues. She trained as a Chartered Accountant with KPMG and qualified as a Chartered Tax Adviser with Robson Rhodes, then went on to be awarded an MBA with distinction from the University of East Anglia.

Rebecca is a contributor to many Thomson Group publications including six Factbook titles, Company Directors: Law and Liability, and Commercial Transactions Checklists. Rebecca also writes regularly for several tax journals.

Rebecca is a member of the ICAEW business tax committee and has served as president of the Beds, Bucks and Herts District Society of Chartered Accountants, as well as chairman of the Mid-Anglia branch of the Chartered Institute of Taxation.

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