Tax

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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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
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Private Client Tax
The CMS Private Client Tax practice advises on all aspects of personal and corporate tax matters including income tax, capital gains tax, inheritance
Restructurings and Reorganisations
The CMS tax team provides UK and multinational groups with bespoke structuring services to achieve commercial aims tax efficiently.  Whether you are s
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Tax Disputes and Investigations
The global tax landscape has undergone radical change in recent years.  In the face of growing pressure to crack down on perceived tax avoidance by mu
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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 regu
Law-Now: Tax
Vis­it Law-Now for leg­al know-how and com­ment­ary
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22/06/2022
The new Lux­em­bourg-UK double tax treaty: key points for in­vestors in UK...
On 7 June 2022, the United-King­dom (UK) and Lux­em­bourg signed the text of the new double tax treaty. The date on which the treaty will enter in­to force will de­pend on the rat­i­fic­a­tion pro­cesses in the...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
26/05/2022
New oil and gas wind­fall tax in­tro­duced
The UK gov­ern­ment has an­nounced today the im­me­di­ate in­tro­duc­tion of a 25% wind­fall tax – de­scribed by the Chan­cel­lor as a “tar­geted, tem­por­ary en­ergy profits levy” – on profits from UK oil and...
24/05/2022
CMS sup­ports Tor­tilla on ac­quis­i­tion of Chil­ango
In­ter­na­tion­al law firm CMS has ad­vised long-term res­taur­ant cli­ent Tor­tilla Mex­ic­an Grill Plc (Tor­tilla), on the ac­quis­i­tion of all the is­sued shares of Chil­ango Lim­ited (Chil­ango) for a total of £2.75m...
20/05/2022
DEBRA – The new EU tax ini­ti­at­ive aim­ing at pro­mot­ing a fair and sus­tain­able...
With­in the EU a wide­spread asym­metry ex­ists between debt and equity fin­an­cing. Usu­ally, in­terest is tax de­duct­ible from the cor­por­ate in­come tax base while di­vidends do not be­ne­fit from such ad­vant­age...
21/04/2022
CMS ad­vises on in­vest­ment in tech­no­logy solu­tions pro­vider WSD
In­ter­na­tion­al law firm CMS has ad­vised the founder and share­hold­ers of WSD on a ma­jor­ity stake in­vest­ment by Bowmark Cap­it­al (Bowmark), the mid-mar­ket private equity firm. WSD is a lead­ing pro­vider of...
28/03/2022
Ger­many: Cross-bor­der em­ploy­ee as­sign­ments - li­ab­il­ity for wage tax?
The de­cis­ive factor for wage tax li­ab­il­ity in the in­ter­na­tion­al as­sign­ment of em­ploy­ees is not who pays the wage. For the em­ploy­ee, the ques­tion is: in which coun­try must the in­di­vidu­al pay tax on his...
25/03/2022
Plastic Pack­aging Tax - 1 week to go
Back­ground From 1 April 2022, the Plastic Pack­aging Tax (“PPT”), de­signed to in­centiv­ise busi­nesses to use re­cycled plastic in the man­u­fac­ture of plastic pack­aging, will be levied against all plastic...
22/03/2022
CMS ad­vises con­sor­ti­um on ac­quis­i­tion of in­terest in Ørsted’s 1.2-GW Hornsea...
In­ter­na­tion­al law firm CMS has ad­vised a con­sor­ti­um com­prised of The Re­new­ables In­fra­struc­ture Group and Equitix on its agree­ment to ac­quire a 12.5% in­terest in the Hornsea One Off­shore Wind Farm from...
07/03/2022
United King­dom coun­try tax guide
1. Lan­guages used by the loc­al tax au­thor­it­ies Eng­lish. For­eign doc­u­ments should be trans­lated in Eng­lish when provided to the UK tax au­thor­ity (HM Rev­en­ue & Cus­toms (“HM­RC”) 2. Main cor­por­a­tion...
21/02/2022
CMS ad­vises Hogan Lov­ells on new Lon­don HQ
In­ter­na­tion­al law firm CMS has ad­vised Hogan Lov­ells in con­nec­tion with its pre-let agree­ment to take up space at Roy­al Lon­don As­set Man­age­ment’s up­com­ing Hol­born Via­duct scheme, sign­ing an agree­ment...
15/02/2022
CMS ad­vises Foresight on Con­nect Fibre in­vest­ment
In­ter­na­tion­al law firm CMS has ad­vised Foresight Group LLP (“Foresight”), a lead­ing lis­ted in­fra­struc­ture and SME in­vest­ment man­ager, on its in­vest­ment in­to Con­nect Fibre, a com­munity minded, full...