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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
    Vis­it Law-Now for leg­al know-how and com­ment­ary

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    20 March 2017
    CMS ad­vises Pat­ron Cap­it­al on sale of Gen­er­at­or Hos­tels
    19/08/2019
    The ins and outs of Brexit – em­ploy­ment and tax as­pects
    As the Brexit pro­cess ap­proaches its ex­ten­ded 31 Oc­to­ber 2019 dead­line, UK and EU com­pan­ies and their em­ploy­ees are fo­cus­ing on the key em­ploy­ment law and tax ques­tions that will shape busi­ness and the world of work in the post-Brexit land­scape.
    19/08/2019
    Tax cov­en­ant no­tice pro­vi­sions con­sidered in Court of Ap­peal
    In Sto­bart Group Ltd & Sto­bart Rail Ltd v Sto­bart & Tink­ler [2019] EW­CA (Civ) 1376, the Court of Ap­peal con­sidered the ex­tent to which val­id no­tice had been giv­en of a tax cov­en­ant claim pri­or to the ex­piry of the rel­ev­ant lim­it­a­tion peri­od.
    16/08/2019
    Cor­por­ate cap­it­al losses: new re­stric­tions
    As an­nounced in the Au­tumn Budget, Fin­ance Bill 2020 will in­tro­duce a re­stric­tion on the amount of cap­it­al losses which com­pan­ies can set off against cap­it­al gains in later ac­count­ing peri­ods. The UK has his­tor­ic­ally been gen­er­ous in its use of car­ried-for­ward.
    14/08/2019
    Up­date: Tax in­dem­nit­ies in In­ter­na­tion­al M&A
    Min­era Las Bam­bas SA & An­or v Glen­core Queens­land Ltd & Ors [2019] EW­CA Civ 972 was an ap­peal from a High Court judg­ment of 20 Septem­ber 2018. In that judg­ment, the High Court had held that the sellers un­der a sale and pur­chase agree­ment would only be li­able.
    16/07/2019
    An in­tro­duc­tion to the law of block­chain and dis­trib­uted ledger tech­no­lo­gies...
    Data Pro­tec­tion The European Gen­er­al Data Pro­tec­tion Reg­u­la­tion raises at least two is­sues in par­tic­u­lar in this con­text. First: is pseud­onym­ous in­form­a­tion per­son­al data? Second: how can a “right to be for­got­ten” be con­sist­ent with an im­mut­able ledger? Oth­er.
    12/07/2019
    Fin­ance Bill 2020: draft le­gis­la­tion pub­lished
    HM­RC and the Treas­ury have now pub­lished draft le­gis­la­tion for con­sulta­tion pri­or to pub­lic­a­tion of the Fin­ance Bill 2020 later this year. It can be found, di­vided in­to sub­ject areas, here. We will be re­port­ing on areas of par­tic­u­lar in­terest over the com­ing.
    11/07/2019
    An in­tro­duc­tion to the law of block­chain and dis­trib­uted ledger tech­no­lo­gies...
    Rem­ed­ies: In Prin­ciple The ori­gin­al Bit­coin White Pa­per stressed the im­port­ance of trans­ac­tions not be­ing re­vers­ible. Ir­re­vers­ib­il­ity is a func­tion of Bit­coin, de­lib­er­ately de­signed to re­duce trans­ac­tion costs and im­prove ef­fi­ciency.
    08/07/2019
    An in­tro­duc­tion to the law of block­chain and dis­trib­uted ledger tech­no­lo­gies...
    Jur­is­dic­tion­al is­sues Many com­ment­at­ors note that true de­cent­ral­isa­tion im­plies that en­force­ment of ob­lig­a­tions must be ef­fected through the sys­tem. A per­mis­sioned sys­tem may in­clude con­ven­tion­al gov­ern­ing law and jur­is­dic­tion pro­vi­sions with­in a con­trac­tu­al.
    03/07/2019
    An in­tro­duc­tion to the law of block­chain and dis­trib­uted ledger tech­no­lo­gies...
    Leg­al Per­son­al­ity De­term­in­ing wheth­er a sys­tem has leg­al per­son­al­ity has im­plic­a­tions for many of the ques­tions con­sidered in re­la­tion to this top­ic. In 'Ho­ri­zon Scan­ning — Block­chain: The Leg­al Im­plic­a­tions of Dis­trib­uted Sys­tem­s', the Law So­ci­ety ques­tions.
    19/06/2019
    An in­tro­duc­tion to the law of block­chain and dis­trib­uted ledger tech­no­lo­gies...
    Block­chain and oth­er dis­trib­uted ledger tech­no­lo­gies (DLT) are ap­proach­ing the main­stream. Tech­no­logy com­pan­ies of­fer products for com­mer­cial pro­jects. IB­M's Block­chain Plat­form ref­er­ences “500+ cli­ent en­gage­ments to date”.
    31/05/2019
    Stamp Duty Land Tax (“SDLT”): anti-avoid­ance rule may ap­ply in ab­sence...
    A re­cent Eng­lish court de­cision sug­gests that the SDLT gen­er­al anti-avoid­ance rule (Sec­tion 75A Fin­ance Act 2003) may be of wider ap­plic­a­tion than pre­vi­ously thought, and sig­ni­fic­antly wider than in­dic­ated in HM Rev­en­ue & Cus­toms’ own pub­lished guid­ance.