| 1 | A guide to PLC's FATCA resources A guide to PLC's resources on the US Foreign Account Tax Compliance Act (FATCA). | Practice note: overview | Maintained |
| 2 | Islamic finance: UK law overview This note gives an introduction to the basic principles of Islamic law (or Sharia) that affect finance transactions. It describes the main Sharia-compliant transaction structures and explains how they are used in practice. It considers the current challenges for the Islamic finance market and its likely future development. | Practice note: overview | Maintained |
| 3 | Bank levy A practice note discussing the details of the bank levy applying from 1 January 2011. | Practice notes | Maintained |
| 4 | Basel II: an overview This practice note provides a high-level overview of the Basel II capital adequacy framework. Please note that this note relates only to the Basel II framework as it stood at July 2006. For information on the Basel 2.5 and Basel III reforms, see Practice note: Basel 2.5: an overview and Practice note, Basel III: an overview. | Practice notes | 04-Jul-2006 |
| 5 | Cross-border interest and royalties payments: tax A discussion of tax issues that may arise when interest and royalties are paid between the UK and other countries. | Practice notes | Maintained |
| 6 | ECJ direct tax cases: where are they now? This practice note tracks cases of significance from a UK direct tax perspective that involve claims that direct tax law infringes the freedoms set out in the Treaty on the Functioning of the European Union (TFEU) (previously known as the EC Treaty). Links are provided to relevant judgments and PLC legal updates and articles. It also contains a summary of the key principles of EU law relevant to UK tax and a summary of the TFEU freedoms most often encountered in direct tax cases. | Practice notes | Maintained |
| 7 | Financial Conglomerates Directive An overview of the key provisions of the Financial Conglomerates Directive (2002/87/EC) (FICOD), also referred to as the FCD or the Financial Groups Directive (FGD). The note also considers amendments made to FICOD since its adoption and likely future revisions to FICOD. | Practice notes | Maintained |
| 8 | Financial Transaction Tax Directive: legislation tracker A practice note charting developments relating to the Financial Transaction Tax Directive in chronological order. | Practice notes | Maintained |
| 9 | Financing multinational groups: tax issues A discussion of the UK tax issues that arise for multinational groups financing UK group members from outside the UK or financing non-UK group members from within the UK. | Practice notes | Maintained |
| 10 | Financing multinational groups: US tax issues This practice note discusses the main US tax issues that may arise in relation to debt financing of corporate groups. | Practice notes | 06-Sep-2012 |
| 11 | Financing multinationals: headline tax considerations in non ... A discussion of the main tax issues relating to debt finance in the Cayman Islands, Jersey, Ireland, Luxembourg, the Netherlands and Belgium. | Practice notes | 07-Sep-2012 |
| 12 | Foreign profits of companies: tax reform A practice note about measures to reform UK corporation tax in the following areas: Controlled foreign companies. Profits and losses of overseas branches. Intellectual property. Dividends received by companies. Interest paid by companies. International movement of capital (treasury consent). | Practice notes | Maintained |
| 13 | Historic practice note on the Banking Consolidation Directive ... This note provides a high level overview of the main provisions of the Banking Consolidation Directive (BCD) (2000/12/EC) which came into force on 15 June 2000. The BCD was recast and substantially amended in June 2006 (2006/48/EC) and makes up one part of the Capital Requirements Directive (CRD) which came into force on 1 January 2007. The CRD has been substially amended since 2007. This practice note relates to the original BCD only. For further information on the CRD, see Practice note, UK implementation of the Capital Requirements Directive. For more information on subsequent reforms to the CRD, see Practice note, CRD reform: overview. | Practice notes | 23-Oct-2006 |
| 14 | Key dates for corporate tax practitioners: 2012 A practice note listing key forthcoming dates in 2012 for corporate tax practitioners. | Practice notes | Maintained |
| 15 | Key dates for corporate tax practitioners: 2013 A practice note listing key forthcoming dates in 2013 for corporate tax practitioners. | Practice notes | Maintained |
| 16 | Lending activities: tax This practice note discusses the tax issues that arise when lending and borrowing money, in particular, corporation tax and income tax issues (including withholding tax). | Practice notes | Maintained |
| 17 | Limits on tax deductions for interest: the debt cap A practice note setting out the rules imposing a limit on the corporation tax deductions that UK members and branches of a worldwide group are allowed for interest (known as the "debt cap"). The debt cap rules are contained in Part 7 of, and Part 7 of Schedule 9 to, the Taxation (International and Other Provisions) Act 2010 (TIOPA 2010) (formerly, section 35 of, and Schedule 15 to, the Finance Act 2009). | Practice notes | Maintained |
| 18 | Loan relationships This practice note covers, in detail, the tax rules applying to companies in connection with their loan relationships. | Practice notes | Maintained |
| 19 | Material adverse change (MAC) clauses in finance documents A practice note on material adverse change (MAC) clauses in finance documents, including points to note for:Lenders when drafting and negotiating MAC clauses.Borrowers when negotiating MAC clauses.Lenders before declaring an event of default based on a MAC or withdrawing from underwriting commitments based on a market MAC. | Practice notes | Maintained |
| 20 | Notaries and notarisation This note explains the role of notaries and what notarisation means. It outlines the types of documents that are notarised and explains what legalisation and apostille mean. It includes a checklist of what to consider when instructing a notary. | Practice notes | Maintained |
| 21 | Offshore funds: tax This practice note examines the various tax issues that arise in respect of offshore companies and offshore unauthorised unit trusts. It also provides a summary of the main UK anti-avoidance provisions that need to be considered in relation to the tax treatment of UK investors investing in offshore funds. | Practice notes | Maintained |
| 22 | Syndication, secondary market trades and other transactions ... This practice note discusses the UK tax issues that may arise where a lender seeks to divest itself of, or spread, exposure under a loan by entering into syndication arrangements or other transactions. | Practice notes | Maintained |
| 23 | Taking cross-border security This note provides an overview of the issues that need to be considered when taking security over a foreign asset and/or from a foreign entity.This note also contains a link to a multi-jurisdictional guide to finance which discusses issues relating to taking security in various jurisdictions. | Practice notes | Maintained |
| 24 | Tax issues in loan agreements: negotiating guide This practice note examines the UK tax issues most commonly encountered in loan agreements (including facility agreements) and discusses how best to negotiate them if you are, or are advising, either the borrower or the lender. It discusses direct taxes, withholding tax, stamp taxes and VAT. | Practice notes | Maintained |
| 25 | Tax legislation tracker: archive A document containing items formerly found in PLC Tax legislation trackers but that are now in force. | Practice notes | Maintained |
| 26 | Tax legislation tracker: finance A document tracking the development of certain notable pieces of proposed new legislation relating to finance taxation. | Practice notes | Maintained |
| 27 | Taxation of foreign exchange gains and losses for UK ... A note considering the UK corporation tax treatment of exchange gains and losses. | Practice notes | Maintained |
| 28 | Taxation of investments: shares as debt legislation This practice note discusses the legislation under which, for UK tax purposes, distributions in connection with shares that yield interest-like returns may be taxed as interest. | Practice notes | Maintained |
| 29 | Thin capitalisation and transfer pricing A discussion of the UK's thin capitalisation and transfer pricing rules in the context of cross-border transactions. | Practice notes | Maintained |
| 30 | Transfer pricing This practice note discusses the UK transfer pricing rules as they apply to cross-border and domestic transactions. This note does not address how the transfer pricing rules impact on specific industries, such as insurance or energy/utility, where these industries deviate from the general rules. | Practice notes | Maintained |
| 31 | UK implementation of the Capital Requirements Directive The Capital Requirements Directive (2006/48/EC and 2006/49/EC) (CRD) came into force on 1 January 2007. This practice note looks at how the FSA and HM Treasury have implemented the CRD in the UK. This document sets out the position as at 7 January 2008. For information on subsequent reforms to the CRD and their UK implementation, see Practice note, CRD reform: overview. | Practice notes | 07-Jan-2008 |
| 32 | VAT issues for banks This practice notes summarises the various VAT issues that arise for banks in the course of their business. | Practice notes | Maintained |
| 33 | Withholding tax This practice note is a summary of the UK withholding tax rules on payments of interest and certain other payments (such as annual payments, guarantee payments, patent royalties and other royalties). It considers when withholding arises (including when interest has a UK source and when it is "yearly interest" rather than "short interest"). It also considers exemptions, such as the Quoted eurobond exemption and exemption under double tax treaties, and outlines the effect of the EU savings tax directive. Further, it discusses documenting for withholding tax, including gross-up clauses, and accounting for tax withheld. | Practice notes | Maintained |
| 34 | Withholding tax: bank deposits A short summary of how the withholding tax rules apply in relation to bank deposits when interest is paid or deposited by a "deposit-taker". | Practice notes | Maintained |