Richard Croker

Richard Croker

Head of Corporate Tax

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
United Kingdom
Languages English

Richard Croker is Head of the Corporate Tax team at CMS UK, where he has been a partner since 1997.

He has a wide ranging practice, which includes tax planning for real estate transactions of all kinds for investors, developers and occupiers, fund structuring, restructurings, joint ventures, private finance and projects transactions, and mergers and acquisitions across a number of sectors including oil and gas.

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Relevant experience

  • Imperial College on the tax and VAT aspects of the redevelopment of the campus at Burlington Danes in a joint venture with MRC and GlaxoSmithKline.
  • An IVG fund on the acquisition of 30 St Mary Axe (the 'Gherkin') in a joint venture with Evans Randall.
  • The consortium intending to develop the UK MRCI at the former British Library site at St Pancras.
  • Big Yellow Group plc on its conversion to REIT status.
  • BP on an exchange of North Sea gas interests with British Gas.
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1986/1987 - CPE/LSF, College of Law, Guildford

1984 – BA English (1st), University College Durham, Durham

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VAT re­cov­ery on pen­sion fund man­age­ment - fur­ther HM­RC...
Cor­por­ate of­fences of fail­ure to pre­vent the fa­cil­it­a­tion of tax eva­sion...
On 12 Ju­ly 2017, The Crim­in­al Fin­ances Act 2017 (Com­mence­ment No. 1) Reg­u­la­tions 2017 (the “Reg­u­la­tions”) were laid be­fore Par­lia­ment, bring­ing in­to force the new cor­por­ate crim­in­al of­fences of fail­ure to pre­vent the fa­cil­it­a­tion of tax eva­sion with ef­fect.
Cap­it­al Gains Tax on Non-UK Res­id­ents – Good news for...
Pro­posed changes to the UK’s Non-Dom­i­cile Tax Re­gime to take ef­fect...
In the af­ter­math of the UK’s snap gen­er­al elec­tion on 8 June 2017, the pro­posed changes to the UK’s non-dom­i­cile tax re­gime (the “Pro­posed Rules”), which were due to come in­to force on 6 April 2017, were dropped from the Fin­ance Bill 2017 (now “Fin­ance Act.
Tax In­sur­ance Cap­ab­il­ity
Con­tin­ued un­cer­tainty sur­round­ing the pro­posed changes to the UK’s...
In the af­ter­math of the UK’s snap gen­er­al elec­tion on 8 June 2017, there is still no con­firm­a­tion as to what will be­come of the pro­posed changes to the UK’s non-dom­i­cile tax re­gime (the “Pro­posed Rules”).
HM­RC v In­vest­ment Trust Com­pan­ies: Sup­pli­ers be­ware over­paid VAT
The rul­ing in HM­RC v In­vest­ment Trust Com­pan­ies [2017] UK­SC 29 pub­lished last month has es­tab­lished that fi­nal cus­tom­ers have no right to claim over­paid VAT dir­ectly from HM­RC, and in­stead their rem­edy is lim­ited to a com­mon law claim in resti­tu­tion against.
Fin­ance Act 2017: Post­pone­ment of Pro­posed Changes to the UK’s Tax­a­tion...
The pro­posed changes to the UK’s tax­a­tion of non-dom­i­cil­i­ary rules, which were due to come in­to force on 6 April 2017, were dropped in their en­tirety from Fin­ance Bill 2017 (now Fin­ance Act 2017) to en­able pas­sage of the le­gis­la­tion through Par­lia­ment ahead.
Im­pend­ing UK In­her­it­ance Tax Changes
In the 2015 Sum­mer Budget, pro­pos­als were an­nounced to change the UK tax re­gime for non-dom­i­ciles. These pro­pos­als were the sub­ject of a con­sulta­tion pa­per which was pub­lished on 19 Au­gust 2016. The new re­gime will take ef­fect as planned from 6 April 2017.
Spring Budget 2017
At lunch­time today, Philip Ham­mond will de­liv­er his first Budget. As we did with the Au­tumn State­ment, the tax de­part­ments of CMS, Nabarro and Olswang, who are com­bin­ing on 1 May 2017, are giv­ing a joint com­ment­ary on the day’s an­nounce­ments.
In­dia and Singa­pore amend tax treaty
On 30 Decem­ber 2016, the gov­ern­ments of In­dia and Singa­pore signed the Third Pro­tocol to amend the Double Tax­a­tion Avoid­ance Agree­ment (“DTAA”) between the two coun­tries. The amend­ment has been out­lined in press re­leases made by the re­spect­ive gov­ern­ments (“Press.
Lim­ited Part­ner­ships: UK Gov­ern­ment call for evid­ence on Re­view of...
Read­ers may be for­giv­en for think­ing that Gov­ern­ment re­views of lim­ited part­ner­ship law are much like the pro­ver­bi­al bus, you wait ages (dec­ades even) for one to come along and then two come at the same time.
The new private fund lim­ited part­ner­ship vehicle
UK lim­ited part­ner­ships are one of the most com­mon and pop­u­lar vehicles for in­vest­ments in vari­ous sec­tors in Europe, in­clud­ing private equity, real es­tate and in­fra­struc­ture, of­fer­ing a flex­ible, tax-trans­par­ent vehicle that provides the pro­tec­tion of lim­ited.
Changes to the Tax­a­tion of Life In­sur­ance Policies
In gen­er­al, a life in­sur­ance policy will be a per­son­al port­fo­lio bond (“PPB”) if the terms al­low the poli­cy­hold­er to se­lect some or all of the un­der­ly­ing as­sets. The ex­cep­tion to this is if all the as­sets which may be se­lec­ted fall with­in cer­tain lis­ted per­mit­ted.
Au­tumn state­ment: Tax en­quiry clos­ure rules
An HM­RC en­quiry is the meth­od through which a tax­pay­er’s re­turn is re­viewed and chal­lenged. A par­tic­u­lar tax re­turn can only be sub­ject to one no­tice of en­quiry. At present, only a single clos­ure no­tice may be is­sued when all as­pects un­der en­quiry are in a.
Au­tumn State­ment: Re­forms to the tax­a­tion of non-dom­i­ciled in­di­vidu­als
The UK’s Chan­cel­lor of Ex­chequer de­livered his an­nu­al Au­tumn State­ment today. As pre­vi­ously an­nounced at the 2015 Sum­mer Budget and fol­low­ing the HM Treas­ury con­sulta­tion pub­lished on 19 Au­gust 2016, the gov­ern­ment has con­firmed that from April 2017: .
The Chan­cel­lor's Au­tumn State­ment 
The Chan­cel­lor will de­liv­er his Au­tumn State­ment this Wed­nes­day, 23 Novem­ber 2016. Read ex­pert com­ment­ary on how changes to the UK's tax rules may af­fect you from the tax team at CMS to­geth­er with their fu­ture col­leagues from Nabar­ros and Olswang (see be­low.
In­dia amends tax treaty with Maur­i­ti­us
In­tro­duc­tion On 10 May 2016, the In­di­an and Mauri­tian gov­ern­ments signed a pro­tocol amend­ing the cur­rent In­dia-Maur­i­ti­us double tax treaty (the “Tax Treaty”), as dis­closed in their press re­lease (the “Press Re­lease”).