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The team at Pinsent Masons LLP has ‘very good depth of legal knowledge’, and is ‘enjoyable to work with’. Recent mandates include acting for the property investment fund MC Income Plus Fund on a major restructuring, enabling it to convert from a widely held fund into a fund for institutional investors. John Christian heads the team, which includes Judith Cray and senior associate Jon Robinson, who is ‘always good at answering tricky questions’.

Squire Sanders LLP’s recent highlights include advising the sellers of Travel Republic on pre-sale tax planning and structuring in relation to the sale of the company to dnata World Travel, a sister company to Emirates. Other instructions came from Six Degrees Group and Fore Advisors. Mark Simpson is the key contact in the Leeds team, which includes Timothy Jarvis.

Addleshaw Goddard LLP’s team is ‘technically strong’, and its ‘pragmatic approach is a key differentiating factor’. It recently advised Sainsbury’s on cross-border taxation issues, and has a strong client base within financial services, including Yorkshire Building Society and Santander. Justine Delroy is ‘experienced and practical’.

Eversheds LLP is valued for ‘clear, concise and professional advice delivered within tight timescales and the agreed budget’. Its expertise spans corporate tax and VAT matters, and tax disputes. Highlights included advising SPX on its purchase of Clydeunion Pumps. David Jervis heads the practice, and associate David Smith is ‘outstanding’; he is ‘well informed, and up to date with best practice and the law’.

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Legal Developments in Yorkshire and the Humber for Corporate tax

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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