Schedule of rates/prices meaning

In this issue: Budgets and Finance Bills Taxes management and litigation Business structures Anti-avoidance Employment taxes Devolution International Individuals and income tax Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Budgets and Finance Bills National Insurance Contributions (Employer Pensions Contributions) Bill in the House of Lords The National Insurance Contributions (Employer Pensions Contributions) Bill has passed through the House of Commons and is now being scrutinised by the House of Lords. See: LNB News 23/01/2026 8. Further changes to Finance Bill 2026; Public Bill Committee timetable On 23 January 2026, the UK government introduced additional amendments to Finance Bill 2026 (FB 2026) for the Public Bill Committee to examine: clause 13 (enterprise management incentives) and clause 225 (tax adviser registration). The Committee has also released its schedule, with proceedings due to conclude no later than 26 February 2026. See: Tax—Finance...

In this issue: Tax treatment Corporate governance HMRC Manuals tracker Useful information Weekly highlights from other practice areas Tax treatment HMRC confirms that its official rate of interest will remain at 2.25% HMRC has stated that its official interest rate for beneficial loan arrangements will stay at 2.25% from 6 April 2024, notwithstanding the Bank of England’s base rate of 5.25%. This rate applies when assessing the tax position of employment-related beneficial loans, and for notional loans under Chapter 3C of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 where employment-related securities are obtained for less than market value. The 2.25% figure has applied since 6 April 2023 (previously 2.00%). For a comprehensive schedule of relevant tax and other rates, see Practice Note: Tax and other rates which are relevant to share incentives. For more on the beneficial loan charge, see Practice Note: Tax issues on the provision of loans to employees or directors. For...

In this issue: Leasing property Residential property Statutory compliance Easements, rights and covenants Transferring property Property taxes Property in Scotland Additional property updates this week Daily and weekly news alerts Trackers New Q&A Leasing property Lease protected under 1954 Act—Code renewal application struck out In EE Ltd v Clocktower Investments [2025] Lexis Citation 2146, the First-tier Tribunal (FTT) considered whether the claimant’s (EE H3G) lease enjoyed protection under Part II of the Landlord and Tenant Act 1954 (LTA 1954), or instead fell within Part 5 of the Electronic Communications Code (Schedule 3A to the Communications Act 2003) (the Code), as implemented by the Digital Economy Act 2017 (DEA 2017). The FTT concluded that: (i) the lease amounted to a tenancy encompassing premises occupied by the claimant for the purposes of its business...

Forthcoming change: Sections 6–7 of the Finance Act 2026 provide that, with effect from 6 April 2027, an individual’s property income will be subject to income tax at the property basic rate of 22%, the property higher rate of 42%, and the property additional rate of 47% for a given tax year. A person’s property income is treated as the highest portion of their income, save where they also have savings and/or dividend income. Where savings and/or dividend income arises, the property income is taken to be the portion of the person’s income that falls immediately before the savings and/or dividend income. FA 2026, Schedule 1, makes consequential amendments to ITA 2007. For these purposes, property income means income that is: chargeable under Chapter 3 of Part 3 of ITTOIA 2005 (profits of a UK property business or an overseas property business) chargeable under Chapter 7 of that Part chargeable under Chapter 8 of that Part chargeable under Chapter 9...

This Practice Note provides guidance on costs pursuant to the Hong Kong International Arbitration Centre (HKIAC) Administered Arbitration Rules 2018 (the 2018 HKIAC Rules; HKIAC 2018). As outlined in Practice Note: HKIAC (2018)—the HKIAC Administered Arbitration Rules—application and key features, the 2018 HKIAC Rules generally apply to HKIAC arbitrations begun on or after 1 November 2018, unless the parties stipulate otherwise; where proceedings commenced before 1 November 2018, the 2013 HKIAC Rules will generally govern, save where the parties agreed otherwise. A dedicated ‘2018 Schedule of Fees’ applies to arbitrations administered under the 2018 HKIAC Rules. HKIAC has also issued two Practice Notes on Costs of Arbitration, based on HKIAC 2018: Sch 2 (hourly rates) and Sch 3 (sums in dispute). These took effect on 11 March 2019 and apply unless the parties have agreed to a different approach. For an introduction to HKIAC and its organisation, see Practice Note: HKIAC—background to and structure of the institution. In every arbitration, parties and their advisers should at all times keep...

UNCITRAL rules on costs Tribunal's fees and expenses This Practice Note addresses matters concerning costs in arbitrations under the United Nations Commission on International Trade Law Arbitration Rules (the UNCITRAL Rules). For an overview of the UNCITRAL framework, including the role of appointing authorities in such proceedings, see Practice Note: UNCITRAL Rules—background and introduction. Where an appointing authority (often an arbitral institution) constitutes an UNCITRAL tribunal, the parties may also agree that the institution’s schedule for arbitrators’ fees applies. In that event, the tribunal will consider that schedule when fixing its remuneration (UNCITRAL Rules, Article 41, para 2). Promptly after it is formed, the tribunal must tell the parties how it intends to set its fees and expenses, including any rates it proposes to use. A party may, within 15 days of receipt, submit this proposal to the appointing authority for review. The authority then has 45 days to evaluate whether the arbitrators’ proposals are reasonable, having regard to: the amount in dispute, ...

Date and Parties Date, Licensor and Licensee details, including incorporation, registered office and company numbers, to be inserted. Definitions Car Park: as shown on the Plan. Lease, Legislation, Licence Fee, Licence Period, Permitted Hours, Plan, Regulations, Space(s), VAT, Working Day: as specified. Licence Non-exclusive right to park designated cars in the Space(s) and to use access routes in common with others, without obstruction. Licensee’s obligations Pay the Licence Fee (plus VAT) in advance; contribute rates/outgoings; observe Regulations. On expiry, clear and tidy the Space(s). Dealings Licence is personal or tied to the Lease; no sharing or assignment except as permitted. Breach, Indemnity, VAT and Interest Breaches to be remedied promptly; Licensor may step in at the Licensee’s cost. Licensee indemnifies the Licensor. VAT payable on sums; interest due on late payments. Termination, Liability and No Tenancy Ends on expiry or for material breach. Fees remain due to...

Costs estimate to final hearing Dear [ insert client name ] Following the financial dispute resolution (FDR) appointment on [ insert date ], I am providing a summary of costs up to and including the final hearing listed for [ insert date ] in this matter. As outlined in our terms of business dated [ insert date ], my hourly rate stands at £[ insert amount ] [ plus VAT ]. [ insert name ] will continue to oversee the matter overall and will provide input into preparation for the final hearing. To control expenditure, tasks will, where appropriate, be allocated to other fee earners within the team who work at different hourly rates. For your information and records, I enclose a schedule detailing our hourly rates...

HM Land Registry Prescribed Clauses LR1. Lease date [ date ] LR2. The title number(s) LR2.1 Landlord’s title number(s) [ insert the title number(s) from which this Lease is derived (leave blank if the Landlord’s title is not registered) ] LR2.2 Additional title numbers [ all existing title number(s) against which entries for matters mentioned in LR9, LR10, LR11 and LR13 are to be recorded ] LR3. ...

Higher rates of SDLT on additional residential properties Refer to the Practice Note: Higher rates of SDLT on additional residential properties, which confirms that a beneficiary of a bare trust or a life interest is treated as the purchaser for the 3% higher rates; see also paragraphs 10–11 of Part 3 of Schedule 4ZA to the Finance Act 2003. The Practice Note also sets out the SDLT position where the beneficiary is a minor. If the remaining conditions in that Practice Note are fulfilled (for instance, the properties are dwellings and both interests in land are major interests), the beneficiary must apply the additional 3% rate of SDLT when acquiring an extra property. For further guidance, see: HMRC's SDLT manual: SDLTM09815 Interests Treated As Owned By An Individual, Trusts, Children [Including Children Subject To The Mental Health Acts] Commentary: Settlements and bare trusts: Tolley's Stamp Taxes 2019–20 4.19 [4.19] Stamp duty land tax charge: Tolley's Estate...