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.
    European Com­mis­sion in­vest­ig­ates Nike’s tax ar­range­ments un­der State...
    In re­cent years, the European Com­mis­sion has opened a series of high-pro­file State aid in­vest­ig­a­tions in­to the tax ar­range­ments used by mul­tina­tion­al cor­por­a­tions in the European Uni­on. There have been so many that Pres­id­ent Trump has even dubbed Mar­grethe.
    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.
    HM­RC pub­lishes guid­ance on tax­a­tion of cryptoasset hold­ers
    On 19 Decem­ber 2018, HM Rev­en­ue & Cus­toms (“HM­RC”) pub­lished guid­ance on how in­di­vidu­als pos­sess­ing cryptoassets may be taxed (the “Guid­ance”). In par­tic­u­lar, the Guid­ance cov­ers: what crypo­as­sets are; which taxes ap­ply to in­di­vidu­als.
    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.
    New Tax In­cent­ives in Ser­bia
    The be­gin­ning of Decem­ber 2018 in Ser­bia was marked with the ad­op­tion of a set of amend­ments to tax laws that will have a pro­found im­pact on all in­dus­tries and di­git­al eco­nomy in the fol­low­ing years, es­pe­cially on the IT and re­tail sec­tors.
    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.
    IR35 re­forms: next steps for af­fected busi­nesses
    As ex­pec­ted, the gov­ern­ment an­nounced in the Budget last week that it will ex­tend to the private sec­tor the re­forms it has im­ple­men­ted in the pub­lic sec­tor to off-payroll work­ing rules (known as IR35). This ex­ten­sion is the latest de­vel­op­ment in the on­go­ing.