As local and international tax rules become more prescriptive, and compliance and reporting obligations more onerous, dealing with them effectively is a significant challenge. Our UK-based tax team is well-placed to assist you. We are part of a 300 strong tax group across Europe and beyond. Supported by strong technical back-up teams that identify developments in tax law and policy affecting your business, we will help you develop robust structures that maximise tax effectiveness and can respond to future developments such as BEPS. We work with you to implement an appropriate tax strategy for your business.

Whether you are a financial institution, multinational, fund, corporate investor or high net worth individual, we understand your commercial drivers and the tax pressures you face.

Our teams work together across all sectors and all areas of tax affecting your business including VAT, transfer pricing, tax structuring and tax disputes. Where you are undertaking a transaction, our advice can make a material difference to transaction costs, help you exploit tax saving opportunities and, in some cases, avert serious consequences. If you are involved in a dispute, an early intervention with the tax authorities on your behalf can ensure the best outcome for your business.

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Chambers & Partners, 2015

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    Employee Incentives

    CMS has the largest number of partners dedicated to employee share plans in a City law firm. With over forty years’ combined experience as partners in their field, our team also stands out for the range of work it does. We each advise FTSE100 and multinational companies on their share plans and the public company M&A work that goes with that, but also advise start-ups, particularly in the tech and life sciences sectors and other companies which are private equity owned. We will work together with you to maximise the opportunities to reward employees in as tax-effective a way as possible and deliver their rewards cost-effectively.

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    Transfer Pricing

    As an organisation with global operations, you may be benefiting from strong growth in cross-border transactions. You are also subject to tighter regulations, complex multi-jurisdictional tax investigations, higher tax adjustments and an increasingly litigious approach to settling transfer pricing audits.

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    Law-Now: Tax
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    14 August 2018
    CMS acts for Vag­a­bond Wines on $3.4 mil­lion in­vest­ment...
    The Spring State­ment: What's new?
    Today we had the Chan­cel­lor's first Spring State­ment since the de­cision to move the Budget to the Au­tumn. The Chan­cel­lor took pains to man­age ex­pect­a­tions down­wards but, while there were no ma­jor tax an­nounce­ments for the new fin­an­cial year, there.
    What about VAT after Brexit?
    Al­though the UK par­lia­ment ruled against the pos­sib­il­ity of a ‘no deal’ Brexit, the out­come of the cur­rent UK polit­ic­al con­tro­versy re­mains un­cer­tain. Both busi­nesses and gov­ern­ments in both Great Bri­tain and EU are pre­par­ing for every even­tu­al­ity, in­clud­ing.
    16 July 2018
    CMS ad­vises lead­ing IoT pro­vider, Telit Com­mu­nic­a­tions...
    Fin­ance Bill 2017/18: the BEPS Mul­ti­lat­er­al In­stru­ment
    In the Au­tumn Budget, the Chan­cel­lor an­nounced that le­gis­la­tion will be in­cluded in the Fin­ance Bill 2017/18 (the "Fin­ance Bill") giv­ing ef­fect to the Mul­ti­lat­er­al Con­ven­tion to Im­ple­ment Tax Treaty Re­lated Meas­ures to Pre­vent Base Erosion and Profit Shift­ing (the.
    Bel­gi­um braces for Hard Brexit with draft law
    On Feb­ru­ary 19, Bel­gi­um passed a draft law pre­par­ing it­self for a Hard Brexit should the UK leave the European Uni­on (EU) on the dead­line of 29 March 2019 without a with­draw­al agree­ment in place to reg­u­late UK's de­par­ture and define its fu­ture re­la­tion­ship.
    12 January 2018
    CMS ad­vises on sale of on­line casino busi­ness to Swedish...
    VCT - high-risk, high-re­ward?
    In ad­di­tion to the changes to EIS, SEIS and VCT set out in our blog, fur­ther changes were an­nounced in today's Budget that will only ap­ply to VCTs. The Gov­ern­ment has ac­know­ledged in its re­sponse to the "Fin­an­cing growth in.
    Days of fu­ture past: the re­in­tro­duc­tion of Crown Pref­er­ence
    HM­RC has launched a con­sulta­tion on new le­gis­la­tion that will re­store (and im­prove) its status as a sec­ond­ary pref­er­en­tial cred­it­or for cer­tain tax debts in busi­ness in­solv­en­cies (the “Con­sulta­tion”).
    6 December 2017
    CMS ad­vises on sale of Bournemouth Air­port
    A mixed bag of news for the EIS in­dustry
    Clamp­down on so-called cap­it­al pre­ser­va­tion As was widely ex­pec­ted, the Gov­ern­ment in­tends to change the EIS, SEIS and VCT rules to en­sure they are fo­cussed on high-risk, "genu­ine en­tre­pren­eur­i­al" IP-in­tens­ive com­pan­ies and are not used in a way that provides.
    Mak­ing Tax Di­git­al: UK launch in April 2019
    The Brit­ish gov­ern­ment will launch the first stage of its Mak­ing Tax Di­git­al (“MTD”) pro­ject in April 2019. For the first year it will ap­ply only to VAT and will not be ex­ten­ded to oth­er taxes un­til 2020 at the earli­est.